Banking Law
Goa University · LL.B. Semester 3 · LLB-232
Unit 1 — History and Development of Banking:
1. Role of Banking in National Economy · 2. Evolution & emergence of Banking industry in India. · 3. Nationalisation of Banks · 4. Concept, meaning and definition of Bank · 5. Concept, meaning and definition of Customer. · 6. Special Types of Customers
Unit 2 — Relationship between Banker and Customer:
1. General Relationship. · i) Debtor – Creditor ii) Trustee – Beneficiary iii) Agent – Principal iv) Bailor - Bailee · 2. Special Relationship/ Rights and Obligations. · i) Duty to honour Cheques ii) Duty to maintain Secrecy iii) Duty not to close Customer’s account iv) Right of General Lien · v) Right of Set-off vi) Right of Appropriation/Clayton’s Case vii) Right to claim incidental charges etc…
Unit 3 — The Securitisation and Reconstruction of Financial Assets and
Enforcement of Security Interest Act, 2002 · 1. Regulation of securitisation and reconstruction of financial assets of banks and financial institutions · 2. Enforcement of security interest · 3. Central registry · 4. Offences and penalties
Unit 4 — Key Banking Services:
1. Passbook · 2. Letters of Credit · 3. Safe Custody Deposits · 4. E- Banking
Unit 5 — Legislative Frameworks:
1. Reserve Bank of India Act, 1934 · 2. Banking Regulation Act, 1949
Unit 6 — Insolvency and Bankruptcy Code 2016
1. Introduction to Insolvency and Bankruptcy Code 2016 · 2. Corporate Insolvency Resolution Process · 3. Individual Insolvency Resolution Process · 4. Adjudicating Authority and Appellate Mechanism · 5. Offences and Penalties · 6. Insolvency and Bankruptcy Board of India. Etc.,