Banking Law

Unit I — Introduction

Evolution of banking institution in India banking definition, banking company · India, banking legislation in India- common law and statutory · Commercial banks: functions, essential functions · Agency services · System of banking: Unit banking, branch banking, group banking and chain banking · E-Banking, ATM, E-Cheque, RTGS, NEFT, IMPS,UPI,Mobile Banking

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

Unit II — Bank and Customers

Customer: meaning · Legal character of banker - customer relationship · Special types of customers: Lunatics, minors, agents, administrators and executors, Partnership firms and companies · Cheque-Duties and liabilities of banks payment of cheques by bank liabilities of the banker in case of dishonour- protection of paying banker - forged cheques-alteration of cheque - collection of cheques and drafts- protection of collecting banker,

Unit III — Negotiable Instrument Act

Bill of exchange, promissory note - Hundi types of hundi, notary public noting protest acceptance for honour payment for honour · Holder and holder in due course- distinction between a holder and holder in due course essential features of negotiable instrument - different types of bill and note reasonable, acceptance and negotiations · Types of endorsement - restrictive endorsement - endorsement excluding personal liability- partial endorsement - (once a bearer instrument always a bearer instrument) · 4, Dishonour of negotiable instrument — Bill of exchange, cheque

• Negotiable Instruments Act, 1881

Unit IV — RBI &it’sRole

Characteristics and function of central banks · The Reserve Bank of India as central bank of India · Objectives and organizational structure · Functions, Regulations of the monetary system, Monopoly of note issue · Credit control, Determination of bank rate policy, Open market operations, Banker of Government, Control over non banking financial institutions, Economic and statistical research, Staff training, Control and supervisions of other banks, · Interest: Rule against penalties, default and recovery

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

Unit V — Loan, disbursement and Consequences

Recovery of Debts Due to Bank and Financial institutions Act, 1993 · The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act. 2002 (SARFAESI Act) · IBC, NCLT, NCLAT ge BO" 4

• Powers and functions of Debt Recovery Tribunal and Debt Recovery Appellate
• Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI)
• CIRP
• Adjudicating Authorities and Appellate Authorities