Name of the faculty: Dr.

NAGARAJA V
E-mail: nagaraja.v@reva.edu.in
Program name: LLM Course code: M20LM1050
Semester: ODD- 1st Semester - Course title: Banking and Insurance Law
Office Hours: 8.30am to 4.30pm
Chamber Consultation Hours: 3.30 to 4.30pm
1.Instruction Details
Course Duration: 56 sessions

TIME TABLE- ODD – 1st SEMESTER 2023-24

Days
8.30 to 9.30 to 10.30 to 10.50 to 11.50 1.30 to 2.30 2.30 to 3.30 3.30
9.30 10.30 10.50 11.50 to to
12.50 4.30
Mon Banking
and
Insurance
Law
Tue Banking
and
Insurance
Law
Wed
Break
Thu Banking
and
Insurance
Law
Fri Banking
and
Insurance
Law
Sat
2.Course Details:

a) Course description:

A program in Banking and Insurance is developed as per the requirements of the finance sectors
where students learn banking activities, legal regulations, financial stability, and services. Students
are also trained at insurance companies and banking sectors during course projects to be acquainted
with the regulations and guiding principles.

Course content: (to be furnished unit wise for each course with weightage of marks)

Year: 2023-2024
COURSE SCHEDULE
Sem: I : LLM
Weightage

Unit Course content

Banking: 20 Marks – 12 hours

Definition of bank and banking companies –

Essentials of a banking company – Relationship
between Banker and Customer – Customer
Accounts and Banks – Letter of Credit – e-banking.
1
Legal Regulation: 20 Marks – 11 hours

RBI Act, 1934 – Banking Regulation Act, 1949 –

Lending and Recovery – Recovery of Debts due to
Banks and Financial Institutions Act, 1993 – Role
of courts- Government Control over banks –
Ombudsman
2
Negotiable Instruments Act: 20 Marks – 8 hours
Nature and scope of NI Act– Kinds of Negotiable
Instruments – Promissory Note – Bill of Exchange
– Open and crossed cheques – Holder and holder in
due course – Rights and liabilities – Payment in
due course – Endorsement - Presentment –
3
Dishonour of cheques – Judicial Interpretations.
4 20 Marks – 15 hours
Insurance:
General Principles – Nature of Insurance contracts
– Indemnity – Life Insurance – Medical Insurance -
Fire Insurance – Motor Vehicle Insurance -
 Burglary Insurance – Marine Insurance –
Consumer Insurance

20 Marks – 10 hours
Legal Regulation:
Insurance Act, 1938 – Amendments to the statute –
Insurance Regulatory Authority act, 1999 – Public
Liability Insurance Act, 1991.
5

b) Objectives:

1.To appreciate and understand the undergoing transformation in banking and insurance sector

2.To provide detailed focus on national legislations such as RBI Act, Banking Regulation Act,
1949, Negotiable Instruments Act, 1881 and Insurance Act, 1938

3. To provide comprehensive analysis of the recent amendments made In regard to negotiable

instruments, insurance law etc.

c) Course outcomes:

On the completion of the course, students will be able to:

1. Identify the various essentials and functions of banking Institutions and insurance
companies.
2. Explain the governing principles of Banking institutions and insurance companies.
3. Outline the electronic banking and communication technologies required in the field.
4. Various risks and financial problems in the lending process and its solutions can be
demonstrated.
5. Explain a good understanding of the relationship between the Banker and the customer.

d) Program Outcome:

After undergoing this program, a student will be able to: -

1. Explain and analyse the substantive and procedural laws.
2. Analyse legal document and resolve problems legally to achieve social and economic
justice.
3. Understand the principles of law, its processes, procedures and relevant application in the
legal world.
4. Demonstrate and provide adequate legal skills in different areas of legal profession.
5. Conduct legal research using analytical and critical thinking.
6. Develop a global perspective towards various legal issues.
7. Practice advocacy skills in different legal profession.
 8. Develop the skill in Drafting of legal documents and Law reports.
9. Work as individual and team member in resolving issues in Legal Profession
10. Update the legal knowledge with the latest amendments.
Program Special Outcome:
1. Develop the institutional and practical aspects supported by various resources including up-
to-date information in the field of Banking and Insurance.
2. To grasp the governing principles of banking and insurance besides fundamental legal
knowledge.
3. Comprehend the financial structure of the banking institutions and insurance companies.
4. Adequate skills to identify and define the problems and opportunities in Banking and
Insurance entities.

e) Pedagogy:

(could be any one for each Unit. Where ICT is used, the ppt has to be attached as hyperlink,
links to Videos, You tube, Digital resource is to be specified)

 E-content
 Direct method
 Digital support
 Collaborative and Cooperative learning
 Differentiated Instruction
· Flipped Classroom
· Problem solving method
· Discussion method
· Project method

f) Suggested Text Books and References

Text book/s:

1. Tannon`s Banking Law and Practice, 2017

2. Avatar Singh, Law of Insurance, , 2017

References:
1. R.N.Chaudhary, Banking Laws
2. M.Srinivasan, Insurance Law (Eastern Law House)

g) Assignment: (details of the assignment/s)

1st Assignment (A1) & Seminar-1 (S1)

No. Topic Date of Last date of
announcement in Ms. submission
team

1 Banking and Essentials of Banking Company 03.10.2023 11.10.2023

2 General Relationship between Banker and Customer 03.10.2023 11.10.2023

3 Customer accounts 03.10.2023 11.10.2023

4 Letter of Credits 03.10.2023 11.10.2023

5 E-Banking 03.10.2023 11.10.2023

6 Classification of Banking Institutions 03.10.2023 11.10.2023

7 Functions of RBI under Reserve Bank of India Act, 1934 03.10.2023 11.10.2023

8 Banking Regulations Act, 1949 03.10.2023 11.10.2023

9 Special relationship between Banker and Customer 03.10.2023 11.10.2023

10 Tribunals under Banking Regulation Act, 1949 03.10.2023 11.10.2023

2ndAssignment (A2) & Seminar-2 (S2)

No. Topics Date of Last date of

announcement in Ms. submission
Team

1 Nature of Insurance contract 04.12.2023 11.12.2023

2 Negotiable instruments 04.12.2023 11.12.2023

3 Endorsement 04.12.2023 11.12.2023

4 Dishonor of cheques 04.12.2023 11.12.2023

5 E-Banking 04.12.2023 11.12.2023

6 Life Insurance 04.12.2023 11.12.2023

7 Fire Insurance 04.12.2023 11.12.2023

8 Motor Vehicle Insurance 04.12.2023 11.12.2023

9 Marine Insurance 04.12.2023 11.12.2023

10 Insurance Act, 1938 04.12.2023 11.12.2023

h) Prerequisites/Pre reading for the course:

1. Daily News Paper Columns, Editorials etc.

 2. Essay’s on Society and social conflicts

3. Lectures basic principles

4. Communication ability

5. Cognitive skills

6 Augmentative – reinforce the idea of original

i) Tentative dates for transaction of the curriculum:

% of Extended
S.N DATE UNIT &TOPICS Pedagogy
completion Activities
UNIT – I : Banking
24.08.2023 Course Objectives and
01 Definition of Bank and Banking
Institutions

02 25.08.2023 Essentials of Banking company

28.08.2023 Relationship between Banker
03
and Customer
E-content
29.08.2023 Relationship between Banker Assignment,
04 Direct
and Customer Reading ,
methods,
Discussion,
Lecture,
31.08.2023 Relationship between Banker Reference at
05 commentary 20%
and Customer Library.
group
Articles
06 01.09.2023 General Relationship discussions,
Simulation
07 04.09.2023 Special Relationship exercises
08 05.09.2023 Customer accounts and Banks
09 07.09.2023 Customer accounts and Banks
10 08.09.2023 Letter of Credit
11 11.09.2023 E –Banking
12 12.09.2023 E –Banking

% of Extended
S.N DATE UNIT &TOPICS Pedagogy
completion Activities
UNIT – II : Legal Regulation
14.09.2023 Salient features of Reserve Bank E-content Assignment,
13 of India 1934 35%
Direct Reading ,
14 15.09.2023 Functions RBI
15 19.09.2023 Functions of RBI
21.09.2023 Salient features Banking
16
Regulations Act, 1949
17 22.09.2023 Lending and recovery process
method,
25.09.2023 Recovery of debts due to Banks Discussion,
Lecture,
18 and Financial Institutions Act, Reference at
commentary
1993. Library.
group
Articles
19 26.09.2023 Governing principles of RBI discussions,
Simulation
20 29.09.2023 Governing Principles of RBI exercises
03.10.2023 Governing Principles of RDBFI
21
Act
22 05.10.2023 Role of Courts
06.10.2023 Government control over banks,
23
Ombudsman

% of Extended
S.N DATE UNIT &TOPICS Pedagogy
completion Activities
UNIT – III : Negotiable Instruments Act
09.10.2023 Negotiable instrument
24

25 10.10.2023 Negotiable Instruments E-content

Assignment,
Direct
Reading ,
12.10.2023 Difference between promissory method,
26 Discussion,
note and cheque Lecture,
Reference at
commentary 20%
27 13.10.2023 Open and crossed cheques Library.
group
Articles
16-19 IA1 Examination discussions,
Oct.2023 Simulation
exercises
28 20.10.2023 Holder and holder in due course
29 26.10.2023 Payment in due course
30 27.10.2023 Endorsement and its kinds
31 30.10.2023 Dishonour of cheque

% of Extended
S.N DATE UNIT &TOPICS Pedagogy
completion Activities
 UNIT – IV: Insurance
31.10.2023 General principles of insurance
32

33 02.11.2023 Nature of insurance contracts

34 03.11.2023 Indemnity
35 06.11.2023 Life insurance
36 07.11.2023 Life insurance E-content
Assignment,
37 09.11.2023 Medical insurance Direct
Reading ,
method,
Discussion,
38 10.11.2023 Medical insurance Lecture,
Reference at
commentary 25%
39 13.11.2023 Fire insurance Library.
group
Articles
40 16.11.2023 Fire insurance discussions,
Simulation
41 17.11.2023 Motor vehicles insurance exercises
42 20.11.2023 Motor vehicles insurance
43 21.11.2023 Burglary insurance
44 23.11.2023 Burglary Insurance
45 24.11.2023 Marine Insurance
46 27.11.2023 Consumer Insurance

% of Extended
S.N DATE UNIT &TOPICS Pedagogy
completion Activities
UNIT – V :Legal Regulation
28.11.2023 Salient features of Insurance Act, E-content
Assignment,
1938 Direct
Reading ,
method,
Discussion,
Lecture,
Reference at
47 commentary 25%
Library.
group
Articles
discussions,
Simulation
exercises
01.12.2023 Main Provisions of Insurance
48
Act, 1938
49 04.12.2023 Amendment to the insurance Act
50 05.12.2023 Insurnance Act, 1938
51 07.12.2023 Public Liability Insurance Act
 52 08.12.2023 Public Liability Insurance Act
53 11.12.2023 Public Liability Insurance Act
12.12.2023 Insurance Regulatory Authority
54
Act
14.12.2023 Insurance Regulatory Authority
55
Act
15.12.2023 Insurance Regulatory Authority
56
Act
18-21 Dec. IA2 Examination
2023

All value based teaching, gender sensitivity issues, environment concerns, skill based learning,
human values, professional ethics….are to be specifically mentioned and highlighted under
Chapters/topics and pedagogy employed is to be clearly stated

3. Flipped Classroom:

· Lecture notes, Moodle

· Articles and other extracts

· Any other subject related material as uploaded on ERP/ Whatsapp group/Group mail from
time to time.

4. Differentiated Instruction:

(Specific work /teaching support given for High achievers either as

assignment/reading/project/extended work to be mentioned in a paragraph and with the
components mentioned)

For High Achievers:

For Slow Learners- Additional support classes/notes/assignments/remedial teaching

(any one of them or a combination of all)

5. Academic Integrity Policy:

Students are expected to follow the Rules of Conduct and Academic Behavior standards as detailed
in the Student Regulation hand book. Failure to comply with these rules may result in disciplinary
actions as stipulated in the Students Regulations.

Note: Copying and plagiarism in any form for any of the evaluation components will result in zero
marks.

6. Evaluation Scheme (As Per CBCS)

Continuous evaluation will be conducted as per the guidelines of the University. It is continuous
and spread throughout the course; hence absenteeism from class may be detrimental to learning.
The details of the evaluation components are given below:

IA1-Test : 1 to 5 IA1 :
16-19 October 25.10.2023
IA 50% 2023
· Test- 1 & 2 50 (Test-30 & IA2 – Test: IA2 :
· Assignment- Assignment-10 18-21 29.12.2023
1
1&2 and Seminar- December 2023
· Seminar-1 & 2 10)

SEE 50% 2-31 January 20.2.2024

2 50
2024
Total 100 100%

IA1 : Assignment-1, Seminar-1 and Test-1

IA 2 : Assignment-2, Seminar-2 and Test-2

SEE : University examinations

Rubrics will be explained in class prior to the assignment given