Optional (any one of LB-8061 to LB-8064): Banking and Insurance Law

Unit I — Banking System in India

i. Evolution of Banking System and its history in India · ii. Banking Regulation Laws · iii. Structure and Functions of Banking Institutions: Different kinds of Banks viz Central Bank, Commercial Bank, Co-operative Banks, Specialized Banks, Regional Rural Banks, NABARD and their respective functions. · iv. Commercial Banks: Structure and functions · v. Systems of Banking: Unit Banking, Branch Banking, Group banking and Chain Banking

• Introduction — Concept of Banking
• Structure of Indian Banking system
• Types of Common Banking Institutions
• Functions & roles of financial institutions
• Banking Regulation Act, 1949

Unit II — Relationship between Bankers and Customer

i. Legal Character of Banker and Customer Relationship · ii. Rights and Duties of Bankers · iii. Rights and Duties of Customers · iv. Principles of good Lending · v. Social Control of Banks · vi. Controlling functions of RBI over Banking and Non-Banking Companies

• Banking Regulation Act, 1949
• RBI rules & Notifications (Banking) 1949

Unit III — Emerging Dimension in India

1. E- Commerce · 2. E-banking · i. Automatic Teller Machine · ii. Smart Cards · iii. Credit Cards · iv. Debit Cards

Unit IV — Insurance Law

1. History and Growth of Insurance Business in India · 2. Meaning of Insurance and Nature of Insurance Contracts · 3. Kinds of Insurance: · i. Life Insurance · ii. Medi claim · iii. Property Insurance · iv. Fire Insurance · v. Motor Vehicles Insurance · vi. General Principle of Insurance

• 1. 1 Insurance: Definition, Nature, Scope, History, Its future, need and importance in India and across the globe
• Insurance pertaining to Life and Personal Accidents, Hospitalization
• Life Insurance — Nature, Principles and Scope Events insured against life, life insurance
• Property Insurance: Policies covering risk of explosion, earthquake, and flood. Policies covering accidental loss, damage to property, construction risks
• Fire Insurance: Nature and scope of Fire Insurance — Basic Principles — Conditions & Warranties, Right & Duties of Parties, Claims and other
• Motor Vehicles Act, 1988, Salient features, (Chapter — VIII), Nature and Scope, persons