Banking Laws (including Negotiable Instruments Act)

Unit I

Indian Banking System and Reserve Bank · Indian Banking System · Evolution · social responsibility · Different Types of banking and their functions · Commercial Banks · Public sector and Private Sector Banks · Regional Rural Banks · Co-Operative Banking System · HUDCO · National Bank for Agriculture and Rural Development (NABARD) · Small Industries Development Bank of India (SIDBI) · Export Import Bank of India (EXIM Bank) · Islamic Banking · ICICI · IDBI · Scheduled Banks · Nationalization of Banks · International Banking · concepts, merits and demerits · RBI as a central bank · Functions of RBI · New Bank Licensing Policy, 2013 · Cash Reserve Ratio · Statutory Liquidity Ratio (SLR)

• Introduction — Concept of Banking
• Structure of Indian Banking system
• Types of Common Banking Institutions
• Functions & roles of financial institutions
• RBI rules & Notifications (Banking) 1949
• Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)

Unit II

Banker · Customer Relationship · Meaning of a Banking Company · Meaning of customer · Relationship between banker and customer · Rights and Obligations of a Banker and customer · Opening of account · Pass Book and Statement of Account · Special types of customers · precautions · Minor, joint account holders, company, firm, administrator, trustee, power of attorney · Various Deposit Schemes · 'Know Your Customer' (KYC) Guidelines of the RBI · Closing of a Bank Account · Insurance of Bank Deposits · Salient Features of Deposit insurance · Nomination · Settlement of Claims · Banking Ombudsman

• Banking Regulation Act, 1949

Unit III

Law relating to Negotiable Instruments · Introduction · Negotiation · legal aspects of Promissory note, Bill of Exchange, cheque, travellers' cheque · Differences between them · Liabilities and rights of parties to the negotiable instruments · Crossing of a Cheque · Different types of crossing · Endorsement · different kinds of endorsements · Paying Banker · Obligations and Protection to Paying Banker · Collecting banker · Obligation and protection · Dishonour of cheque · remedies · Bill of exchange · noting and protest · Material alteration of negotiable instruments

• Negotiable Instruments Act, 1881

Unit IV

Loans, Securities and Recovery · Principles of Lending · overdraft · System of loans · Credit worthiness of Borrowers · Precautions · Personal Loans · Consumer loans · Secured advances · Kinds of securities · Guidelines of RBI against risk · Debt recovery · Principles and procedure · Debt Recovery Tribunals · Recovery under Securitisation Act · Letters of Credit and its advantages · Types of letter of credit · Rights and responsibility of respective parties

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

Unit V

Electronic Banking and Information Technology in Banks · Reforms in banking · Automated Teller Machines (ATMs) · Internet Banking · Tele banking · Core Banking · Mobile banking · Electronic clearing system · National electronic fund transfer · Real time gross settlement · Smart card · Credit card · Debit cards · International cards · Regulatory measures · Bank Fraud · concepts and dimensions · prevention and detection · remedial measures and punishment · Risk management · Credit and liquidity risk management · Basel III · important aspects · Globalization and its effects in banking sector