The banking scenario in India is changing fast to keep pace with the international banking practice. As a result, the banks in India have been asked to meet specific standards such as capital adequacy norms, classification of assets, income recognition norms, Basel II accord, etc. Further, new directions have been issued to bring the NBFCs under strict control and to improve their financial health. The banking ombudsman scheme has been introduced to protect the interest of the depositors. Many post-reform developments have taken place so as to enable the banks to function with improved financial strength and functional efficiency. The negotiable instruments act has been amended recently with a view to enhancing the acceptability of cheques and thus, improving the efficacy of banking operations. The privatization of banks is on the move again.
The latest development in the field of banking like the introduction of inclusion Inter-bank Mobile payment service, Green channel counters, financial Basel III Norms, new types of NBFCs, ATMs for rural masses, management of Non-performing Asset, Mchq product, Real-time gross settlement, etc., are included in this edition.
Contents :
1. Banker and Customer
2. Deposits
3. Pass Book
4. Bank Customers − Special Types
5. Negotiable Instrument
6. Cheques
7. Material Alteration
8. Crossing
9. Endorsement
10. Marking
11. Paying Banker
12. Collecting Banker
13. Rights of a Banker
14. Loans And Advances
15. Modes of Charging Security
16. Unsecured Advances
17. Securities for Advances
18. Credit Appraisal
19. Advances Against Goods
20. Advances Against Documents of Title to Goods
21. Advances Against Stock Exchange Securities
22. Miscellaneous Securities
23. Subsidiary Services
24. Classification Of Banks
25. Investment Policy and The Balance Sheet of a Bank
26. Credit Creation
27. Bank Failures and Deposit Insurance and Credit Guarantee Corporation
28. Banking System in India
29. Commercial Bank and Economic Development
30. State Bank of India
31. Banking Regulations Act, 1949
32. Central Banking
33. Reserve Bank of India
34. Non-Banking Financial Institutions
35. Privatisation of Banks
36. The Banking Ombudsman Scheme, 1995
37. Electronic Banking (E-Banking)
38. Management of Non-Performing Assets (NPAs)