Banking Laws

Unit 1 — Introduction

evolution of banking · definitions · functions of commercial banks · nationalization · unit, branch, group and chain banking

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

Unit 2 — Banks and customers

right to charge interest and commission · kinds of accounts: current, deposit, joint, trust, recurring · customers: minor, agents, executors, firms and companies

Unit 3 — Control over banks

money laundering, customer protection, promotion of fair competition

Unit 4 — Control banking theory and the Reserve Bank of India Act, 1938

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

Unit 5 — Lending by banks

principles of good lending · securities for advances: pledge, mortgage, charge, guarantees · repayment and interest · default and recovery · Recovery of Debts due to Banks and Financial Institutions Act, 1993 · Debts Recovery Tribunal

• Powers and functions of Debt Recovery Tribunal and Debt Recovery Appellate

Unit 6 — Letter of credit and demand guarantee

Unit 7 — Banking Regulation Act, 1949

• Banking Regulation Act, 1949

Unit 8 — Banking organization

• Structure of Indian Banking system

Unit 9 — Banker as borrower

Unit 10 — Foreign exchange control regime in India

• The Foreign Exchange Management Act, 1999 (FEMA)

Unit 11 — Securities

historical background · government securities · securities issued by banks and corporations · mutual funds · depository receipts

Unit 12 — Investment in non-banking financial institutions

control by RBI · regulation of non-banking financial and non-financial companies · chit funds

Unit 13 — E-banking

credit card, debit card, ATM · internet banking · core banking · electronic fund transfer