Indian banking sector, after 2014, is changing very fast regarding adaptation technology. Several IT solutions are introduced to improve the quality in banking practices and to satisfy the customers. The speed of introducing Information Technology (IT) is such that it has made people to think that banks may be taken over by technology firms to fully operate This sector! But there need not be any any apprehension that banks cease to exist. Banks do exist and Banking structure and operations change to facilitate the customers to have comfortable, smooth and transparent operations.
Human resources working in banking sector also have to acquaint themselves with the new technical skills to run the show smoothly in their work stations.
Leveraging technology in banking operations to offer better service to the society is essential. Technology firms are only service providers and cannot become bankers.
Banking operations in India are governed by Reserve Bank of India (RBI). RBI directs the operations of all scheduled banks, NBFCs, and other financial institutions by issuing Master circulars from time to time.
Students studying "Banking Legislations and Operations" as one of the subjects of study in B.Com or any other financial course, have to have a clear knowledge about Indian banking legislations and intricacies of technology adopted to smoothen the banking operations.
This title "Banking Operations and Innovations" is written to give a clear and lucid information to students about banking legislations and banking practice. The book spreads over five units covering (i) (A) Banker and Customer Relationship, (i) (B) Customers and Account Holders, (ii) Collecting Banker, (iii) Paying Banker, (iv) Lending Operations and (v) banking Innovations.
The topics stated in five units are the common topics of study in banking legislations and operations of B.Com courses of all the universities of Karnataka including "Bengaluru Central University". Adequate coverage is given regarding e-banking services to enable the students to acquaint themselves with latest technology solutions introduced in banking operations. Skill exercises are also given at the end to develop operational skills. We hope that students enjoy reading this book.
Module - I: Introduction -
1. Negotiable Instruments Act - 1881 (Summary)
2. Banker And Customer Relationship-I (General Relationship)
3. Banker And Customer Relationship-II (Special Relationship)
4. Customers And Account Holders
Module - II: Collecting Banker -
5. Collecting Banker
Module - III: Paying Banker -
6. Paying Banker
7. Negotiable Instruments - I (Promissory Notes And Bill Of Exchange)
8. Negotiable Instruments -II (Cheque)
Module - IV: Lending Operations-
10. Lending operations - I
11. Lending Banker - II (Methods Of Creation Of Charges)
12. Lending Banker - III (Secured Advances)
13. Lending Banker - IV (Unsecured creditors/non-Fund Based Credit Facility)
14. Lending Banker - V (Other Advances)
15. Non-Perfoming Assets (NPAs)
Module - V: Banking Innovations-
16. Banking Innovations (Electronic Banking)