Banking Law

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Banking

Course Contents/Syllabus:
Module I: Banking System in India Weightage (%)

25%
Overview of Banking system in India, Kinds of banks and their functions; Banking Regulation Laws :Reserve Bank of
India Act, 1934, Banking Regulation Act, 1949 ; Relationship between banker and customer : Legal Character, Contract
between banker & customer, Banks duty to customers ; The Banking Ombudsman Scheme, 1995 ; Liability under
Consumer Protection Act, 1986.

Module II: Bank Deposits & Guarantees

Types of accounts and opening of accounts& KYC norms, Payments in deceased Accounts, Garnishee orders, Setoff 25%
and adjustments Promissory note, Bill of Exchange and dishonor thereto with remedial measures , Bank Guarantees and
their kinds, Letter of Credits

Module III: Lending, Securities and Recovery by Banks

Principles of Lending ; Position of Weaker Sections ; Nature of Securities and Risks Involved ; Recovery of debts with 25%
and without intervention of courts / tribunal: Recovery of Debts due to Banks and Financial Institutions Act, 1993,
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interests Act, 2002 and other modes
of recovery

Module IV: Banking Frauds

Nature of Banking Frauds; Legal Regime to Control Banking Frauds; Role and responsibility of RBI to tackle the 15%
problems of banking frauds, Recent Trends in Banking: Automatic Teller Machine and Internet Banking, Smart Cards,
Credit Cards.

Module V: Recent Trends in Banking Systems 10%


Role of RBI, Branch Opening, CLR-SLR, Bank Inspection, Fixation of rate of interests, Amalgamation of Banks,
Emerging Trends in Indian Banking System

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