We have great pleasure in presenting First edition “Banking 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 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 Principles and Practices of Banking
Introduction
Types of Bank Accounts
Account Opening Procedure
Account Operating Procedure
Termination of Bank Account
Bank Customers
Meaning of Bank Customer
Types of Bank Customer
i) Individual Customer (Retail)
ii) Institutional Customer
iii) Business Customer (Companies)
Bank and Customer Relations
Principles of Bank Lending
Modes of Creating Charge
Lien
Pledge
Hypothecation
Mortgage
Types of Mortgage
Debt
Recovery
Concept of Non -Performing Assets
Causes of Overdue
Problems of Debt Recovery
Procedure of Debt Recover
Review Questions
Unit – 2 Negotiable Instruments
Introduction
Meaning of Negotiable Instruments
Definition of Negotiable Instruments
Features of Negotiable Instruments
Types of Negotiable Instruments
Promissory Note
Definition of Promissory Note
Features of Promissory Note
Procedure of Promissory Note
Bill of Exchange
Definition of Bill of Exchange
Features of Bill of Exchange
Procedures of Bill of Exchange
Cheques
Definition of Cheques
Types of Cheques
Parties of Cheques
Dishonour of Cheques
Reasons for Dishonour of Cheques
Types of Crossing of Cheques
Endorsement of Negotiable Instruments
Definition of Endorsement
Types of Endorsement
Effects of Endorsement
Review Questions
Unit – 3 Modern Technology and Trends in Banking
Introduction
Modern Technology in Banking
ATM
RTGS / NEFT
SWIFT
Electronic Fund Transfer (EFT)
Electronic Clearing Services (ECS)
Tele Banking
Mobile Banking
Internet Banking
Unified Payment Interface (UPI)
Immediate Payment service (IMPS)
New Trends in Banking
Digitization
Enhanced Mobile Banking
Block Chain
Artificial Intelligence Robots
P2P Payment Services
Biometric Authentication
Crypto Currency
Review Questions
Skill Development Activities