Banking Laws & Services

                                                                                                                                                            Syllabus

BANKING LAWS & SERVICES

(Code: BCOP 621-18)

Unit-I

Origin and Evolution of Indian Banking, Banking System and Structure in India: Types of Banks viz., Commercial Banks, Small Finance Banks Payments Banks, Co-operative Banks, Public Sector Banks, Private Sector Banks, Foreign Banks and Regional Rural Banks (RRB). Role of Reserve Bank as Regulator of Banking System; Changes in the Role and Functions of Commercial Banks.

Unit-II

Regulatory and Compliance Framework: Reserve Bank of India Act, 1934- Its Incorporation, Central Banking Functions, Provisions Relating to Non-Banking Institution, Receiving Deposits and Financial Institutions, Penalties. Role and Functions of RBI- Credit Control Techniques.

Banking Regulation Act, 1949- Definitions, Business of Banking Companies, Suspension of Business and Winding up of Banking Companies, Provisions Relating to Certain Operations of Banking Companies.

Unit-III

NPA and Securitization: NPAs, NPA Categories, Provisioning Norms, SARFAESI Act. Basel Framework: Bank for International Settlements (BIS), Basel Accords.

Banker Customer Relationship and their Roles & Responsibilities: Banker – Customer Relations; Types of Relationship Between Banker and Customer, Bankers Obligations to Customers, Right of Lien, Set Off, Appropriation, Provisions of Negotiable Instrument Act, 1881 – Bankers Legal Duty of Disclosure and Related Matters.

Unit-IV

Banking Services: Payment and Collection of Cheques- Duties and Responsibilities of Paying and Collecting Banker, Protection Available to Paying and Collecting Banker under Negotiable Instrument Act. Security Creation: Pledge, Hypothecation, Mortgage, Assignment. Other Banking Services: Fund Based Services, Non Fund Based Services, Money Remittance Services, Banking Channels, Financial Inclusion.