BANKING LAW AND PRACTICE

Teacher

Prabodh Kumar Nanda

Category

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Course Name : BANKING LAW AND PRACTICE

Code(Credit) : BBAR3202(3-1-0)

Course Objectives

  • To acquire knowledge about banking laws in India as it is must for management students.
  • to have conceptual clarity about the process of banking,product and stakeholders with reference to particular acts passed in India.
  • A deep study about the remittance process ,virtual banking,digital banking with various laws applicable in India.

Learning Outcomes

The main learning outcome of this course is to provide the student an understanding of legal and regulatory aspects of banking.

Course Syllabus

Course Contents:
Unit 1: Regulatory Framework and Compliances
Provisions of RBI Act 1935, Banking Regulation Act 1949, Prevention of Money Laundering Act, 2002,
Government and RBI’s Powers Opening of New Banks and Branch Licensing
Unit 2: Legal Aspects of Banking Operations
Case Laws on Responsibility of Paying and Collecting Banker Indemnities or Guarantees - Scope and
Application – Obligations of a Banker - Precautions and Rights - Laws relating to Bill Finance, LC and
Deferred Payments - Laws Relating to Securities - Valuation of Securities - Modes of Charging
Securities-Lien, Pledge, Mortgage, Hypothecation etc.-Registration of Firms/Companies - Creation of
Charge and Satisfaction of Charge.
Unit 3: Loans and Advances
Law, Practice and Policies governing the employment of the funds in the hands of the banker with
special reference to the lending banker State Policy on Loans and Advances - Priority sector advances
and socioeconomic policies - Financial inclusion - Self- Employment Schemes - Women Entrepreneurs
- Small Scale Industries - Agricultural Finance, Export Finance, etc. – Micro Finance - How the banker
profitably uses the fund - Call loans and loans repayable at short notice - Loans and advances -
Overdrafts - Legal control over bank’s deployment of funds.
Unit 4: Securities for Banker’s Loans
The legal issues involved in and the practice governing different kinds of securities for banker’s
advances and loans Guarantees, pledge, lien, mortgage, charge – subject matters of collateral security
Corporate Securities Documents of title to goods Land and Buildings Book debts Life Policies
Factoring; Bill Discounting; Bank Guarantees; Letters of Credit; Commercial Papers.
Unit 5: Electronic Banking and IT in Banks
Introduction, IT Applications in Banking- Computer-Based Information Systems for Banking;
Electronic Banking; Electronic Fund Management, Enabling Technologies of Modern BankingElectronic Commerce and Banking; Supply Chain Management; Customer Relationship Management;
Integrated Communication Networks for Banks Security and Control Systems - Cybercrimes and fraud
management Planning and Implementation of Information Systems
Books Recommended:
1. Hajols. T. N (2009), “Money and Banking”, Gopaljee Enterprises.
2. Muraleedharan, D (2009), “Modern Banking: Theory and Practice”, PHI Learning Pvt.
Ltd.
3. Rajesh, R, Sivagnanansithi, T (2009), “Banking Theory: Law and Practice”, Tata
McGraw Hill Publishing Company Ltd.
4. Shekhar, K C (2009), “Banking Theory and Practice”, Vikas Publishing House Pvt. Ltd.

Session Plan

Session 1

Provisions of RBI Act 1935

Theory Link

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Session 2

Description of Various Acts

Theory Link

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Session 3

Banking Regulation Act 1949

Theory Link

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Session 4

Prevention of Money Laundering Act 2002

Theory Link

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Session 5

Anti Money Laundering

Theory Link

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Session 6

Branch Licensing Policy

Theory Link

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Session 7

Powers of RBI for opening new banks

Theory Link

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Session 8

Case Study

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Session 9

Responibility of Paying and Collecting Banker

Theory Link

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Session 10

Indemnities and Guaranties

Theory Link

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Session 11

Scope of Indemnities and Guaranties

Theory Link

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Session 12

Obligation and Duties of a Banker

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Session 13

Law related to Bill Finance

Theory Link

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Session 14

Bill Discounting

Theory Link

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Session 15

Letter of Credit

Theory Link

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Session 16

LC Negotiation

Theory Link

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Session 17

Loans and Advances

Theory Link

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Session 18

Lending policy on loans and advances by RBI

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Session 19

Priority Sector Advances

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Session 20

Socio - Economic Policies

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Session 21

Financial Inclusion

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Session 22

Self - Employment schemes

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Session 23

Women entrepreneurs

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Session 24

Case Study

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Session 25

Guarantees and types of guarantees

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Session 26

Session 27

Mortgage

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Session 28

Collateral Securities

Theory Link

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Session 29

Corporate Securities

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Session 30

Session 31

Commercial Papers and its role

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Session 32

Case Study

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Session 33

Electronic Banking

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Session 34

Core Banking Solution (CBS)

 

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Session 35

Supply Chain Management

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Session 36

Customer Relationship Management

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Session 37

Networks for Bank Security

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Session 38

Doubt Clearing Class

Session 39

Doubt Clearing Class

Session 40

Doubt Clearing Class

Our Main Teachers

My qualification is M.Com,LL.B,MBA,CAIIB(certified Indian Institute of Bankers). I started my career as  a Lecturer in commerce (UGC PAY),appointed by  DPI (HE) Odisha   in 1978.I  opted for Probationary officer in 1982.I started my career  as a  national Faculty  of NIIT  in 2012 imparting training  to Bank officers  PAN India  both Retail and Corporate. I joined […]