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75ad8sem IX Banking and Insurance Law-Pdf - 2

This course covers Indian banking and insurance laws over 4 modules. Module 1 discusses the banking system and regulation laws. Module 2 covers principles of lending, securities, and debt recovery. Module 3 examines the nature and legal regime controlling banking frauds. Module 4 analyzes insurance contract types, regulatory authorities, and consumer protection laws. Students are evaluated through in-semester assessments, assignments, and a 70% end-semester exam. Required texts cover banking laws, negotiable instruments, banking systems and frauds, insurance law, and banking practice in India.

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392 views1 page

75ad8sem IX Banking and Insurance Law-Pdf - 2

This course covers Indian banking and insurance laws over 4 modules. Module 1 discusses the banking system and regulation laws. Module 2 covers principles of lending, securities, and debt recovery. Module 3 examines the nature and legal regime controlling banking frauds. Module 4 analyzes insurance contract types, regulatory authorities, and consumer protection laws. Students are evaluated through in-semester assessments, assignments, and a 70% end-semester exam. Required texts cover banking laws, negotiable instruments, banking systems and frauds, insurance law, and banking practice in India.

Uploaded by

Om H Tiwari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BANKING AND INSURANCE LAWS

Course Code: LAW 2907 Credit Units: 05

Course Objective:
This course acquaints students with banking system of India and teaches them the various aspects and rights that
exists for them in banking and insurance sector.

Course Contents:
Module I: Banking System in India
Kinds of banks and their functions; Banking Regulation Laws: Reserve Bank of India Act, 1934, Banking
Regulation Act, 1949; Relationship between banker and customer: Legal Character, Contract between banker &
customer, Banks duty to customers; The Banking Ombudsman Scheme, 1995; Liability under Consumer
Protection Act, 1986.

Module II: Lending, Securities and Recovery by Banks


Principles of Lending ; Position of Weaker Sections; Nature of Securities and Risks Involved ; Recovery of
debts with and without intervention of courts / tribunal: Recovery of Debts due to Banks and Financial
Institutions Act, 1993, Securitization and Reconstruction of Financial Assets and Enforcement of Security
Interests Act, 2002.

Module III: Banking Frauds


Nature of Banking Frauds; Legal Regime to Control Banking Frauds; Recent Trends in Banking: Automatic
Teller Machine and Internet Banking, Smart Cards, Credit Cards.

Module IV: Insurance Law


Nature of Insurance Contracts; Kinds of Insurance: Life Insurance, Medi claim, Property Insurance, Fire
Insurance, Motor Vehicles Insurance (with special reference to third party insurance; Constitution, Functions
and Powers of Insurance Regulatory and Development Authority; Application of Consumer Protection Act,
1986.

Examination Scheme:
Components P/S/V CT C A EE
Weightage (%) 10 10 5 5 70

Text & References:

• Banking Law & Negotiable Instruments Act – Sharma and Nainta


• Banking System, Frauds and Legal Control – R.P. Namita
• Law of Insurance – M.N. Mishra
• Handbook of Insurance and Allied Laws – C. Rangarajan
• Banking Law & Practice in India – M.L. Tannan.

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