JAIIB and DB&F (Diploma in Banking & Finance) Examination is conducted by Indian Institute of Banking and Finance (IIBF) in May and November every year. “Legal and Regulatory Aspects of Banking, is the 3rd paper of the JAIIB/DB&F Examination. This book has been written keeping in mind the requirements of the new entrants to banking and their preparation for JAIIB. Exhaustive material has been provided in the book which will help the readers in providing in-depth knowledge for various Legal and Regulatory Aspects in Banking. This book is based on the latest JAIIB syllabus of 2018. It is an updated comprehensive textbook with objective questions. It contains latest changes in banking and financial sectors up to 31st December, 2017. It contains 20 objective questions at the end of each chapter for testing the readers” preparation. Two mock tests for self-assessment of preparation are also given in the end of the book.
It is a very useful book for day-to-day banking operations and all knowledge based Examinations in Banking. I trust that this book will be beneficial to all the new entrants in banking.
Contents –
Module A: Regulations and Compliance
1. Legal Framework of Regulation of Banks
2. Control over Organisation of Banks
3. Regulation of Banking Business
4. Returns Inspetion, Winding Up, Mergers and Acquisitions
5. Public Sector Banks and Co-operative Banks
Module B: Legal Aspects of Banking Operations
6. Different Types of Borrowers
7. Types of Credit Facilities
8. Indemnities
9. Bank Guarantees and Deferred Payment Guarantees
10. Letters of Credit
11. Laws Relating to Bill Finance
12. Various Types of Securities
13. Laws Relating to Securities and Modes of Charging
14. Registration and Satisfaction of Charges
15. Case Laws on Responsibility of Paying Bank
16. Case Laws on Responsibility of Collecting Bank
Module C: Banking Related Laws
17. Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (DRT Act)
18. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act 2002)
19. Banking Ombudsman Scheme
20. Bankers’ Books Evidence Act, 1891
21. The Legal Services Authorities Act, 1987 (Lok-Adalats)
22. The Comsumer Protection Act, 1986
23. The Law of Limitation
24. Tax Laws
25. Negotiable Instruments Act, 1881
26. Payment and Settlement Systems Act, 2007
Module D: Commercial Laws with Reference to Banking Operations
27. Indian Contract Act, 1872
28. The Sale of Goods Act, 1930
29. Indian Partnership Act, 1932
30. Definition and Features of a Company
31. The Companies Act, 1956 (Now The Companies Act, 2013)
32. The Foreign Exchange Management Act, 1999
33. The Transfer of Property Act, 1882
34. The Right to Information Act, 2005
35. The Prevention of Money Laundering Act, 2002
36. Information Technology Act, 2000
Mock Test – 1
Mock Test – 2