Course

Unit 1

Introduction – Evolution of banking – meaning and definition of banks – functions- the importance of nationalization of commercial banks – classification of banks – Branch banking and Unit Banking; Investment banking and Mixed Banking; Universal Banking and virtual banking; Mobile Banking and Tele-Banking; Public Sector and Private Sector Banks.

Unit 2

Management and Regulation of banks – Management of account – Types of accounts; NPA; Pass Book; Cheque; Features, Crossing, Endorsements – Reserve Bank India-Evolution; RBI Act – 1935- main features; regulatory methods; Bank Ombudsman-Function and role.

Unit 3

Banking documents – Promissory Note – Bill of exchange – Cheque – Pay in slip – Withdrawal form – Account opening and Nomination form KYC – Deposit form and Deposit Receipts – Loan application form – ATM Card Application form

Unit 4

IT in banking – E-banking – Meaning and Definition; Services Provided; Types of E-banking; Banking Services through Internet. Retail Banking; Difference between Core banking and Retail banking; Advantages and disadvantages of retail banking; Services Offered in Retail Banks; Types of Internet Banking Risk.

Unit 5

Banking sector reforms – Small Finance Banks – Payment Banks – Financial Inclusion –Modes of cashless payments – Internet, mobile, mobile vallet, UPI, IMPS, USSD, AEPS, Debit cards, credit cards, prepaid cards, online payments.

Course Objective:

The objective of the course is to make the students aware about the principles and practices of banking and its recent trends.

Course Outcomes:

The student will be able:

CO1: To understand the basic concepts and evolution of banking sector.

CO2: To acquire knowledge on management and regulations of banks.

CO3: To identify the important documents about opening and maintenance of accounts.

CO4: To understand the role of IT in banks.

CO5: To summarise the trends that revolutionized the banking field.

Textbooks:

1. Nirmala K Prasad – Banking Theory Law and Practice– Himalaya Publishing
2. KC Sharma – Modern Banking in India – Deep and Deep Publication
3. Srivastava – Banking Theory and Practice – Himalaya Publishing
4. Mahmood Shah &Steve Clarke – E-Banking Management: Issues, Solutions, and Strategies – Information Science Reference (an imprint of IGI Global)

Reference Books:

• Natarajan, Gordon – Banking Theory and Practice – Himalaya Publishing
• Shekar, Shekar – Banking theory and practice – Vikas Publishing House