Banking Law – Unit IV LLB Class Notes
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
Opening of New Accounts
Special types of customers
Minor’s A/C, Joint A/C, Partnership A/C, Company’s A/C, Married women’s A/C, Trust A/C, Joint Hindu family A/C
Illiterate persons, lunatics, executors
Precautions required in case of administrators, clubs, societies and charitable institutions to open an account
Banking Law – Unit III LLB Class Notes
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
Banking Law – Unit II LLB Class Notes
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
Banking Law – Unit I LLB Class Notes
Indian Banking Structure
Origin and Evolution of Banking Institutions
Types and functions of banks
Commercial 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