Banking Law

Unit 0 — Course scope (printed before Unit 1)

1. Origin and Development of Banking System · 2. Relationship of Banker and Customer and their rights and duties · 3. Payments Systems, Digital Banking Systems and E-Commerce

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

Unit 1 — Reserve Bank of India Act, 1934

(i) Evolution of Reserve Bank of India · (ii) Compositions and functions of Reserve Bank of India · (iii) Reserve Bank as a banker's bank and advisor to the Government

• RBI rules & Notifications (Banking) 1949

Unit 2 — Banking Regulation Act, 1949

(i) Business of Banking Companies · (ii) Prohibited Banking functions · (iii) Suspension of Business and Winding Up of Banking Companies · (iv) Application to Co-operative Banks

• Banking Regulation Act, 1949

Unit 3 — Foreign Exchange Management Act, 1999

(i)Objectives, Scope and Commencement of the Act · (ii)Contravention and Penalties · (iii) Adjudication and Appeal · (iv) Directorate of Enforcement

• The Foreign Exchange Management Act, 1999 (FEMA)

Unit 4 — Prevention of Money Laundering Act 2002

5. Meaning and kinds of Negotiable Instruments · 6. Endorsement, Negotiability and Assignability · 7. Holder and Holder in due course · 8. Rights and Liabilities of Paying and Collecting Banker · 9. Dishonour of Negotiable Instruments Including Criminal Liability of Drawer and Protection of Collecting Banker

• Negotiable Instruments Act, 1881

Unit 5 — Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI ACT), Debts Recovery Tribunal (DRT), Debts Recovery Appellate Tribunals (DRAT)

• 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