Banking Law
K.L.E.SOCIETY’S LAW COLLEGE
BANGALORE
LECTURE PLAN FOR THE ACADEMIC YEAR 2011-2012(Summer Semester)
Faculty: Sharada K S
Class: IV Semester (3 YearsCourse) Subject: Banking law
Objectives
- The course is designed to primarily acquaint the students with operational parameters of banking law,
- To understand the role of Banks from being mere economic institutions in to agents of social change.
- Acquaint the students with the importance of several Government enactments which enacted to direct, regulate and control the banks and banking operations, through Reserve Bank of India and Ministry of Finance.
- And to teach the general principles of banking law and to develop appreciative faculties of the students in statutory as will as well as case – law in this area.
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Sl. No. |
Date |
Topics to be covered |
Remarks |
UNIT: I |
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1 |
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Indian Banking Structure - Origin – Evolution of Banking Institutions – Types and functions of banks - Commercial banks – Functions – Banking Companies in India – RBI - Constitution, Management and Functions - Banking Regulation Act, 1949 – State Bank of India- UTI, IDBI, RRBs’-Local banks |
13 hours |
UNIT: II |
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2 |
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Employment of funds - Loans and Advances- Guarantees- Advances secured by Collateral securities- Agency Services- Financing of Exports- Special Banking Services –Advances to Priority Sectors and Credit Guarantee schemes- Securitisation Act, 2002. |
10 hours |
UNIT: III |
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3 |
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Law relating to Negotiable Instruments, 1881 Act (Read with the amended Act of 2002) - Negotiable Instruments - Kinds - Holder and holder in due course – Parties – Negotiation- 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 – Penal provisions under NI Act - Banker’s book evidence Act. |
23 hours |
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UNIT: IV |
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4 |
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Banker and customer Relationship - Definition of banker and customer – General relationship – Special relationship - Banker’s duty of secrecy, banker’s duty to honour cheques, banker’s lien, and banker’s right to set off - Appropriation of payments - Garnishee order - Customer’s duties towards his banker. |
17 hours |
UNIT: V |
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5 |
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Ancillary Services and E- Banking: Remittances - General, DD, MT, TT, Traveler’s cheques, bank orders, credit card, debit/smart cards, safe deposit vaults, gift cheques, and stock invest. |
17 hours |
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Question papers |
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Prescribed Books:
- 1. M. L. Tannan- Law of Banking.
- 2. M. S. Parthasarathy (Ed.), Khergamvala - Negotiable Instruments Act.
- 3. Justice Bhaghabati Prasad Banerjee- Guide to Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
Reference Books:
- 1. Avtar Singh – Negotiable Instruments Act.
- 2. Basu - Review of Current Banking: Theory and Practice.
- 3. Paget- Law of Banking.
- 4. L. C. Goyle- The Law of Banking and Bankers.
- 5. Relevant provisions of Information Technology Act, 2000
Staff Head of the Department Principal
Principal Message
Dear Student, I am glad to invite you to the K. L. E Society’s Law College at Bangalore. The college has always stood as a charioteer for the noble objectives of the K. L. E. Society. In particular, the college has been making sincere efforts to produce committed and efficient professionals thereby contributing to the growth of the legal system in the country. Continuous honors received by the media like India Today, The Week, Lawyers Update etc as the top law college of the country stands testimony for the same. This success has been possible by the tiresome and dedicated efforts of the qualified and experienced teaching staff, guest faculty and the ever valuable assistance of the administrative staff. Added to this are the curricular and extra-curricular activities of the college that ensures joy and development of your personality, I am sure, you will be extremely satisfied with your decision to join this institution. I am proud to place it on record that with the continuous assistance and guidance of Dr. Prabhakar B. Kore, the Chairman and the members of the Board of management of K. L. E. Society and the College Governing Council, the college team of the staff and students could make an impact on the society. We strongly believe in "there is no substitute for hard work”. The work!!, “More you work more you develop your ability to work.!” But of course, work without vision is a journey without direction. A warm welcome to you! Join us to work with vision! Dr. J.M. Mallikarjunaiah B.A, B.Ed., LLM, Ph.D Principal