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    Banking & Insurance Law

    Uploaded by

    Gunay Chandawat
    This document outlines a course on Banking and Insurance Law that is a level 3 course worth 3 credits. The course aims to provide students understanding of key regulations and acts relating to banking and insurance, an applied knowledge of issues in these sectors, and the ability to analyze the roles of regulatory bodies. The syllabus covers topics like the evolution of banking, lending practices, negotiable instruments, insurance principles, and the Insurance Regulatory Authority of India.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Banking & Insurance Law

    Uploaded by

    Gunay Chandawat
    108 views3 pages
    This document outlines a course on Banking and Insurance Law that is a level 3 course worth 3 credits. The course aims to provide students understanding of key regulations and acts relating to banking and insurance, an applied knowledge of issues in these sectors, and the ability to analyze the roles of regulatory bodies. The syllabus covers topics like the evolution of banking, lending practices, negotiable instruments, insurance principles, and the Insurance Regulatory Authority of India.

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    This document outlines a course on Banking and Insurance Law that is a level 3 course worth 3 credits. The course aims to provide students understanding of key regulations and acts relating to banking and insurance, an applied knowledge of issues in these sectors, and the ability to analyze the roles of regulatory bodies. The syllabus covers topics like the evolution of banking, lending practices, negotiable instruments, insurance principles, and the Insurance Regulatory Authority of India.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    108 views3 pages

    Banking & Insurance Law

    Uploaded by

    Gunay Chandawat
    This document outlines a course on Banking and Insurance Law that is a level 3 course worth 3 credits. The course aims to provide students understanding of key regulations and acts relating to banking and insurance, an applied knowledge of issues in these sectors, and the ability to analyze the roles of regulatory bodies. The syllabus covers topics like the evolution of banking, lending practices, negotiable instruments, insurance principles, and the Insurance Regulatory Authority of India.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    1 Course Title Banking & Insurance Law

    2 Level 3

    3 Credits 3

    4. Course Contract Act and Companies Act


    Prerequisite

    Outcome-related course learning objectives:

    1. To understand the regulations relating to banking and its application


    2. To know the practical knowledge of banking & Insurance laws and other related
    business issues
    3. To apply the knowledge of Banking law and to acquire in-depth knowledge of the role
    of RBI BR Act, and SARFAESI Act in the Banking sector
    4. To understand the working and efficacy of IRDA in the insurance sector

    Course Outcome:

    1. Students will be able to apply regulations in the banking & insurance sector for
    internships and placements.
    2. Students will be able to understand the issue and dishonour of cheque and penalties
    3. Students will be able to analyse the working of RBI & IRDA in the regulation of the
    banking / insurance sector
    4. Students will be able to apply their understanding of socialism in the context of banking
    & insurance

    Syllabus details

    Unit Details

    1 Introduction to Banking
    a. Evolution of Indian Banking System
    b. Characteristics & Functions of Banks
    c. Economic and Social Objectives of Banks

    2 Lending and Recovery of Debts

    a. Sound Lending Principles


    b. Securities for Advances
    c. Creation of Charges
    d. Default and Recovery
    e. Recovery of Debts due to Banks and Financial Institutions Act, 1993
    f. Securitization and Reconstruction of Financial Assets and Enforcement of
    Security Interest Act, 2002

    3 Negotiable Instruments

    a. Meaning and Kinds


    b. Transfer and Negotiations
    c. Holder and Holder in Due Course
    d. Presentment and Payment
    e. Liability of Partie
    f. Notice of Dishonour
    g. Penalties in case of dishonour of certain cheques for Insufficiency of
    Funds
    4 Indian Banking – Adopting Basel Norms

    5 Introduction to Insurance
    a. Meaning, Nature and Scope of Insurance Contract
    b. Risk and Types of Risk
    c. Types of Insurance Contracts

    6 Principles under Insurance Law


    a. Indemnity, utmost good faith, proximate cause
    b. Double Insurance and Re-insurance
    c. Contribution and Subrogation

    7 General Insurance: types & procedure


    a. Marine Insurance
    b. Fire Insurance
    c. Motor Vehicle Insurance
    d. Life Insurance
    8 Insurance Regulatory Authority of India

    Textbooks

    Sr. No Name of the book Author Edition/Volume

    1. M.L. Tannan’s Banking Mandira Mitra LexisNexis


    Law Oct 2014
    2. Principles of Insurance M.N. Srinivasan, LexisNexis
    Law, Publication,
    10th Edn.,
    2017

    Reference books

    Sr. No Name of the book Author Edition/Volume

    1. Banking Law & practice ICSI 1. The Institute


    of Company
    Secretaries of
    India
    2. Handbook on Insurance IRDAI https://www.irdai.
    gov.in/ADMINC
    MS/cms/Normal
    Data_Layout.aspx
    ?page=PageNo20
    73&mid=9.7.5

    Course evaluation matrix

    Sr. Outcome related Course PO 1 PO 2 PO 3 PO 4 PO 5 PO 6


    No learning Objective

    1 To understand the regulations 4 3 2 1 1 2


    relating to banking and
    Insurance & their application

    2 To have the practical knowledge 4 3 3 2 1 1


    of banking laws insurance laws,
    and related issues

    3 To apply the knowledge of 3 3 4 2 2 1


    Banking law and to acquire in-
    depth knowledge of the role of
    RBI BR Act, and SARFAESI
    Act in the Banking sector

    1 = Objective addressed slightly 2= moderately 3= substantive

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