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Banking Law

Introduction

Welcome to the Banking Law course, a vital component of our comprehensive Learning Management System for Law School Students. In this course, we will explore the intricate and ever-evolving field of banking law, examining the legal principles, regulations, and frameworks that govern the banking industry and shape financial transactions.

Banking law is a foundational area of study within the field of law, as it underpins the stability and integrity of the global financial system. Whether you aspire to become a banking lawyer, work in the financial sector, or simply seek a comprehensive understanding of the legal aspects surrounding banking and finance, this course will equip you with the knowledge and skills necessary to navigate the complex landscape of banking law.

Throughout this course, we will delve into a wide range of topics, including the nature of banking relationships, banking operations and services, regulatory frameworks, financial transactions, lending and credit, payment systems, consumer protection, and banking ethics. By exploring these areas, we will gain a profound understanding of the legal principles and doctrines that govern banking law and shape the conduct of banks and financial institutions.

The learning experience in the Banking Law course is designed to be engaging, interactive, and comprehensive. Through a combination of lectures, case studies, readings, and practical exercises, you will develop a solid understanding of the fundamental principles of banking law. Our esteemed faculty, comprised of experienced legal professionals and scholars, will guide you through the intricacies of banking law, offering valuable insights and perspectives.

Furthermore, you will have the opportunity to engage in discussions with your fellow students, share experiences, and analyze real-world scenarios that reflect the complexities of banking and finance. These interactive elements will not only deepen your understanding of the subject matter but also sharpen your analytical and problem-solving skills—essential attributes for any legal practitioner working in the banking industry.

By the end of this course, you will possess a comprehensive understanding of Banking Law, empowering you to navigate the intricate legal landscape surrounding banking operations and financial transactions. You will be equipped with the knowledge and skills necessary to analyze complex banking law issues, provide informed legal advice, and contribute to the effective functioning of the banking sector.

We are thrilled to embark on this educational journey with you as we explore the depths of Banking Law. Together, we will unravel the complexities of banking operations, scrutinize the regulatory frameworks that govern financial transactions, and examine the legal principles that shape the relationship between banks, customers, and regulators. Get ready to delve into the captivating world of banking law and witness its profound impact on the global financial system and economic stability.

Course Content

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Banking Law-Notes 11 Topics | 11 Quizzes
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Lesson Content
0% Complete 0/11 Steps
UNIT-1:NATURE AND DEVELOPMENT OF BANKING – History of banking in India and elsewhere- indigenous banking-evolution of banking in India – different kinds of banks and their functions. Multi-functional banks- growth and legal issues.
UNIT-1:LAW RELATING TO BANKING COMPANIES IN INDIA: Controls by government and its agencies: On management-On accounts and audit-Lending-Credit policy-Reconstruction and reorganization-Suspension and winding up.
UNIT-2:BANKING REGULATION ACT. 1949: Evolution of Central Bank, Characteristics and functions, Economic and social objectives, The Central bank and the State- as banker’s bank, The Reserve Bank of India as the Central Bank.
UNIT-2:ORGANISATIONAL STRUCTURE – Functions of the RBI- Regulation of monitory mechanism of the economy – Credit control – Exchange control-Monopoly of currency issue Bank rate policy formation. Control of RBI over non- banking companies, Financial companies, Non financial companies
UNIT-2:THE DEPOSIT INSURANCE CORPORATION ACT, 1961: Objects and reasons- Establishment of Capital of DIC, Registration of banking companies insured banks, liability of DIC to depositors. Relations between insured banks, DIC and Reserve Bank of India.
UNIT-3:RELATIONSHIP OF BANKER AND CUSTOMER: Legal character, Control between banker and customer, Banker’s lien, Protection of bankers, Customers – Nature and type of accounts- Special classes of customers- lunatics, minor, partnership, corporations, local authorities, Right and duties of Banker & customer. Consumer protection-banking as service
UNIT-4: LAW RELATING TO NEGOTIABLE INSTRUMENTS, 1881 ACT (read with the amended act of 2002) – Negotiable Instrument – Kinds
UNIT-4:Holders and holder in due course – Parties – Negotiable – Assignment – Presentment – Endorsement – Liability of parties – Payment in due course – Special rules of evidence – material alteration – Noting and protest – Paying banker and collecting banker – Bills in sets
UNIT-4:Penal provisions under NI Act- banker’s book evidence Act
UNIT-5:LENDING BY BANKS: Good lending principles- Lending to poor masses- Securities for advances, Kinds and their merits and demerits – Repayment of loans: rate of interest, protection against penalty- Default and recovery – debt recovery tribunal
UNIT-5:RECENT TRENDS OF BANKING SYSTEM IN INDIA: New technology, Information technology , Automation and legal aspects, Automatic teller machine and use of internet, Smart card, Use of expert system, Credit cards.