THE ICFAI UNIVERSITY BADDI (HP)

Faculty of Management Studies

Course Handout
B.COM
5TH Semester

Course No Course Title L P U

UM 321 Bank Legislation 3 0 3

Instructor
Instructor in in Charge:
charge: Chitra
Preeti Dhiman

Objective: The course aims to acquire knowledge about the legal & regulatory framework of the
banking system and the various laws and enactments.

Reference books Banking Law and Practices, K.P. Kandasami, S. Natarajan-S. Chand
R1
R2 Banking Law Theory and Practice – S.N. Maheswari – Kalyani
Publications
R3 Banking Law Theory and Practice – Sundaram and Varshney – Sultan
Chand Co.
R4 Banking Law Practices , P.N. Varshney, Sultan Chand & Sons

Lecture-wise plan:

Lecture Learning Objective Topics to be covered

Nos.
1-5 The students will get the knowledge Evolution of Banking Laws in India
about the banking system in India.

6-10 Provisions of Banking Regulation Act, 1949 – Its

Amendments.

11-15 Role of RBI and its functions
16-20
21-23 The student will get knowledge and
usage of various documents like
checks, bills of exchange etc.
Reserve Bank of India Act, 1934 – Role and
Functions of RBI
Credit Control Techniques
Indian Evidence Act- Negotiable Instruments Act
1881.

24-27 The student will be able to understand
about various provisions of payment
settlement
28-34 The student will be able to understand
about process of recovery of debt
Payments and Settlements-Systems Act 2007 and
Amendments.
Special Features of Recovery of Debts due to
Banks and Financial Institutions Act, 1993

The Securitization and Reconstruction of

 Financial Assets and Enforcement of Security
Interest Act, 2002

35-38 The student will get knowledge about
various loans facilities and importance
of lending
39-42 The student will understand the
procedure of debt recovery
Grievance Mechanism and Banking Ombudsman-
Lok-Adalats
Banking Codes and Standard Boards Board-
Debts Recovery Tribunals.

Evaluation Scheme
Component Duration Weight age syllabus Remarks

Test 1 50 Min. 16% 1-17 Lectures Closed Book

Assignment I -- 5% 18-22 Lectures Open Book

Test 2 50 Min. 17% 1-24 Lectures Closed Book
Assignment II -- 5% 25-37 Lectures Open Book
Test 3 50 Min 17% 38-42 Lectures Closed Book

Comprehensive 3 Hours 40 % Full Syllabus Closed Book

Exam.

Attendance: It shall be the responsibility of individual students to attend all classes, to take
prescribed quizzes, tests, examinations, etc. A student must maintain a minimum of 75%
attendance without which he/she shall be disqualified from appearing in the examinations. If a
student does not maintain the requisite attendance by the end of the semester, the registration in
that course would be cancelled and he/she would be required to repeat the course.

Classroom Participation: the student is expected to attend all the lectures of the course, enter
the class on time. The student should bring to the class the prescribed text, notebook and
nonprogrammable scientific calculator and carry out all tasks assigned and participate in the
classroom activities. Mere physical presence in the class does not entitle marks for classroom
participation.

Make-up: Make-up examination for any component of evaluation will be given only in genuine
cases. Prior permission of the Instructor-in-charge is necessary, if the student’s absence is
anticipated. In exceptional/emergency circumstances, the request for make-up should reach the
Instructor in-charge at the earliest. The decision of Instructor-in-charge in all matters of make-up
is final.

Chamber Consultation Hours: To be announced in the class by the instructor. (The student can
contact the instructor during this hour in his/her chamber for consultation, without prior
appointment.)
 Chitra
Instructor in-charge