Name: Banking theory, law &amp; practices
SKU: 5560
Availability: InStock

Banking theory, law & practices

In stock

Banking Theory, Law & Practice is a comprehensive field that examines the foundational principles, legal framework, and operational functioning of the banking system. It covers the economic role of banks as financial intermediaries, the laws and regulations that govern their activities (such as the Banking Regulation Act, 1949, and Negotiable Instruments Act, 1881), and the practical aspects of day-to-day banking operations and services. This triad ensures a holistic understanding of how banks mobilize savings, allocate credit, manage risk, and contribute to national economic development while maintaining stability and public trust.

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Brands:

Central Banking and Monetary Policy: This area focuses on the role of the central bank (e.g., the Reserve Bank of India) as the banker to the government, regulator of the banking sector, and controller of the country’s money supply and credit through instruments like CRR, SLR, repo rate, and open market operations to ensure price stability and economic growth.
Commercial Banking Operations and Services: This covers the core functions of commercial banks, including deposit mobilization (savings, current, fixed deposits), credit disbursement (loans, overdrafts, cash credit), and providing ancillary services like fund transfers (NEFT, RTGS), foreign exchange, and digital banking (UPI, internet banking). It also delves into credit appraisal and non-performing asset (NPA) management.
Banking Law and Regulatory Compliance: This pillar deals with the legal environment in which banks operate. Key aspects include the legal framework for negotiable instruments (cheques, bills of exchange), customer relationships (rights and duties), know your customer (KYC) and anti-money laundering (AML) norms, and the various laws protecting consumers, such as the Banking Ombudsman Scheme.

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