SEMESTER – VI BALLB /BBA LLB /BCOM LLB
Course Code Course Name Credits
Banking Laws 3
Contact Hours Credits Assigned
Theory Practical Tutorial Theory Practical Tutorial Total
3 - - 3 - - 3
Term Work /
Theory
Practical/Oral
Internal Assessment Duration
End Total
Continuous Attendance Total Of End Term
Sem Pract. Oral
Test Evaluation Interna Sem Work
Exam
l Exam
20 05 05 30 70 3 Hours - - - 100
Course outcome
Learn to know basics of Banking in India.
Have an understanding about basic terminologies in Banking.
Understand about various banking products including digital products.
Course Objectives
The objective of the Banking Regulation Act, 1949 is
CO1: To primarily acquaint the students with operational parameters of banking law.
CO2: To teach the general principles of banking law.
CO3: To develop appreciative faculties of the students in statutory as will as well as case –
law in this area.
Detailed Syllabus
Module/ Marks
Course Module / Contents Hours
Unit Weightage
INTRODUCTION
1.1 Nature and Development of Banking
History of banking in India and elsewhere-
1.2 indigenous banking-evolution of banking in India
12
1 25%
Different kinds of banks and their functions.
1.3
Multifunctional banks- growth and legal issues.
Different types of Accounts
1.4
Opening and Closure of Bank Accounts
Bank Customers – Special Types
1.5 Minor, A Married Woman, Lunatic, A Partnership
Firm, A Joint Stock Company, Non-Trading
Companies and Private Companies and Non-
Trading Associations
Relations between banker and Customer
General Relationship
2.1
Special Relationship 25%
2.2
Banker’s Lien 08
2 2.3
Right to Claim Incidental Charges and Right to
2.4
charge Compound Interest
Exemption from the Law of Limitation Act
2.5
Banking Regulation Act, 1949 and RBI:
Evolution of Central Bank, Characteristics and
3.1 08
3 functions- Economic and social objectives. 25%
3.2 The Central bank and the State Bank - as banker’s
bank, The Reserve Bank of India as the Central
Bank
Organizational Structure and Functions of the RBI.
3.3
Regulation of monitory mechanism of the
economy - Credit control - Exchange control-
3.4 Monopoly of currency issue - Bank rate policy
formation.
Control of RBI over non- banking companies,
3.5 Financial companies, Non-financial
companies.
Negotiable Instruments Act, 1881
4.1 Law Relating to Negotiable Instruments, 1881
ACT (read with the amended act of 2002)
4.2 Negotiable Instrument
4.3 Kinds of Negotiable Instrument 25%
4.4 Holder and holder in due course
4.5 Parties
4.6 Negotiation
4 4.7 Assignment – Presentment 11
4.8 Endorsement
4.9 Liability of parties
4.10 Payment in due course
4.11 Special rules of evidence
4.12 Material alteration
4.13 Noting and protest
4.14 Paying banker and collecting banker
4.15 Bills in sets
4.16 Penal provisions under NI Act- Banker’s Book
Evidence Act
Total 39 100%
Recommended Books:
Text & References Books
1. Tannan M. L., Banking Law and Practice,
2. M.S Parthasarthy, Khergamvala, Negotiable Instruments Act
3. Avatar sing, Laws of Banking and Negotiable Instruments
4. Goyel, L.C., The Law of banking and Bankers
5. K.P. Kandasami and S. Natarajan, Banking Law and Practice
