JAIIB NOV 01/2006

WELCOME TO VIRTUAL CLASS ROOM SESSSIONS

RESERVE BANK OF INDIA  SUPERVISORY & REGLATORY  ISSUANCE OF CURRENCY NOTES  CREDIT CONTROL  EXCHANGE CONTROL  TRANSFER OF FUNDS .

BANKER-CUSTOMER RELATIONSHIP • • • • • DEBTOR-CREDITOR CREDITOR-DEBTOR AGENT-PRINCIPAL LESSOR-LESSEE BAILEE-BAILOR .

Bala files a suit under  Civil Procedure Code and the Court issues  a decree and attaches the funds in Rajesh’s bank account with bank A.Garnishee Order A garnishee order is issued by a court  Ex: Rajesh borrows money from Bala  and fails to repay.  The order issued by the Court on bank A  is called “Garnishee Order”  Rajesh is the judgement creditor  Bala is the Judgement debtor. Bank A is  Judgement debtor’s debtor  .

NEGOTIABLE INSTRUMENTS    BANKER’S DUTIES & RESPONSIBILITIES PAYING BANKER PAYMENT OF CHEQUES PAYMENT IN DUE COURSE APPARENT TENOR PAYMENT IN GOOD FAITH WITHOUT NEGLIGENCE .

CHEQUES BEARER ORDER CROSSED OPEN .

NEGOTIABLE INSTRUMENTS  BANKER’S DUTIES & RESPONSIBILITIES  C0LLECTING BANKER  COLLECTION OF  CHEQUES HOLDER IN DUE COURSE CONSIDERATION TITLE IBEFORE MATURITY .

WORKING CAPITAL OPERATING CYCLE CASH RAW MATERIAL BILLS REALISED SEMI FINISHED PRODUCTS BILLS PAYABLE FINISHED PRODUCTS CREDIT SALES .

DEPOSIT ACCOUNTS CURRENT CERTIFICATE SAVINGS DEPOSITS FLEXI FIXED RECURRING .

One LAKH MINIMUM PERIOD OF CD 15 DAYS MAXIMUM PERIOD OF 1 YEAR DIFFERS FROM FD a) Prepayment not allowed b) Loan is not allowed .CERTIFICATE OF DEPOSIT         CD IS A MONEY MARKET INSTRUMENT ISSUED AS A DISCOUNT INSTRUMENT MINIMUM AMOUNT IS Rs.

CHARGES • • • • • • HYPOTHECATION PLEDGE MORTGAGE ASSIGNMENT LIEN SET OFF .

FUND BASED FINANCE CASH CREDIT BILLS FINANCE OVERDRAFT LOANS & ADVANCES TERM FINANCE RETAIL FINANCE .

Non-Fund Based Finance LETTERS OF CREDIT BANK GUARANTEE CO-ACCEPTANCE OF BILLS .

CAMELS .MODEL • • • • • • Capital Adequacy Asset Quality Management Earnings Liquidity Systems & Control .

Non-Resident Indian Accounts  Who is a Non Resident Indian? 1)An Indian citizen who resides outside India on account of  a) Employment/business/vocation and  b) staying outside India for an uncertain period 2)A person of Indian origin but a citizen in any other country except Pakistan/Bangladesh if at any time holding an Indian passport .

6 Cs CHARACTER  CAPTIAL  CAPACITY  COLLATERAL  CONDITION  COMPLIANCE  .

Clayton’s Case  Applicable only to a  a) joint a/c and or a partnership a/c  b) running c/c and o/d a/cs  c) Not to two different a/cs (Right of set off is applicable) Based on the concept of Appropriation .

co.M.in .varadarajan@scotiabank.C.com  tmc_varadarajan@yahoo.ALL THE BEST & THANK YOU  T.VARADARAJAN  TEL : 022-25638965 (R)  022-66364206 (O)  e.mail: t.

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