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 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