We have great pleasure in presenting First edition “Banking Law and Practice” written for students of UG courses. The related matters are written in a simple and easily understandable.
This volume is an attempt to pro vide the students with thorough understanding of Banking Law and Practice. We have presented the subject matter in a systematic manner with liberal use of charts and diagrams where ever necessary so as to make it interesting and sustain students’ interest.
Contents –
Unit – 1 Introduction to Banking
Introduction
Meaning of Banking
Definitions of Banking
Need for Banking
Importance of Banks
Primary Functions of Banks
Secondary Functions of Banks
Modern Functions of Banks
Origin of Banking
Banker and Customer Relationship
General Relationship
Special Relationship
Types of Banks in India
RBI
History of RBI
Role of RBI
Functions of RBI
Banking Laws (Amendment) Bill-2024
Review Questions
Unit – 2 Paying and Collecting Banker
Introduction
Paying Banker
Meaning of Paying Banker
Duties of Paying Banker
Responsibilities of Paying Banker
Precautions of Paying Banker
Statutory Protection
Rights of Statutory Protection
Dishonor of Cheques
Grounds of Dishonor
Consequences of Wrongful Dishonor of Cheques.
Collecting Banker
Meaning of Collecting Banker
Legal Status of Collecting Banker
Holder for Value
Holder in Due Course
Duties of Collecting Banker
Responsibilities of Collecting Banker
Precautions of Collecting Banker
Statutory Protection to Collecting Banker
Review Questions
Unit – 3 Customers and Account Holders
Introduction
Customers
Types of Customers
Account Holders
Procedure of Account Holders
Practice in Opening and Operating Accounts of
different Customers:
Minors
Joint Account Holders
Partnership Firms
Joint Stock Companies
Executors
Trustees
Clubs
Associations
Hindu Undivided Family
Review Questions
Unit – 4 Negotiable Instruments
Introduction
Negotiable Instruments
Meaning of Negotiable Instruments
Definitions of Negotiable Instruments
Features of Negotiable Instruments
Types of Negotiable Instruments
Promissory Notes
Bills of Exchange
Cheques
Crossing of Cheques
Types of Crossing
Endorsements
Meaning of Endorsements
Types of Endorsements
Essentials of Valid Endorsement
Review Questions
Unit – 5 Recent Trends in Banking Practices
Introduction
New Technology in Banking
E-services
Debit Cards
Credit Cards
Internet Banking
Electronic Fund Transfer
MICR
RTGS
NEFT
ECS
Small Banks
Payment Banks
Digital Wallet
Crypto Currency
KYC Norms
Basel Norms
Mobile Banking
E-payments
E-money
Review Questions
Skill Development Activities
