Banking Law Including Negotiable Instrument Act

Unit I

Banking: Definition, Meaning, Bank, Banker Banking · Essential Functions, Agency Services, General · Multi-Functional Dimensions, System of Bank · Chain Banking, Banking Companies in India

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

Unit II

Customer: Meaning, Legal Character of Banker-Customer · Banks, Right of Set Off, Bankers Lieu, Duty of Confiden · Accounts, Deposits Accounts, Joint Accounts and Trust · Lunatics, Minors, Agents, Administrators and Executors, Part

Unit III

Control by Government and its Agencies, Need for Elimin · Laundering, Control by Ombudsman, Reserve Bank of India Act, 1934, RBI as Central Ban · Characteristics and Functions of Central Banks, Central Bank as Banker and Advisor of the State, Central Bank as Bankers Bank, Objectives and Organizational Structure of RBI, Regulations of the Monetary system, Monopoly of Note Issue, Credit Control, Determination of Bank Safe Policy, Control over Non-Banking Financial Institutions, Control and Supervision of other Banks, Life · Insurance Policies as Security, Debenture as Security Guarantee as Security

• RBI rules & Notifications (Banking) 1949
• Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)

Unit IV

Negotiable Instrument Act, 1881 & The Negotiable Instruments (Amendment) Act, 2018: Negotiable Instrument and its Kinds, Negotiable Holder and Holder in Due Course, Parties, Payment in Due Course, Negotiation, Presentiment and Discharge from Liability, Dishonor, Civil Liability, P.ocedure for Prosecution, Extent of Penalty, The Paying Bankers, Duty to Honour Customers · Cheques, Exceptions to the Duty to Honour Cheques, Money Paid by Mistake, Good Faith and Statutory Protection to the Collecting Banker

• Negotiable Instruments Act, 1881