The book has been recast strictly according to the latest syllabus of various Universities of Madhya Pradesh for B.Com. First-year. A new Chapter on e-Banking has been added in view of the growing importance and use of e-banking. We hope the students and teachers would appreciate the presentation of the subject in this form. Suggestions to improve the book further shall be gratefully acknowledged.

Banking & Insurance Syllabus For B.Com Ist Year of Variuos Universities of Madhya Pradesh  (as per New Rivised (year-wise) Syllabus (Under New Education Policy, 2020) effective from Academic Session 2021-22)

• Introduction to Banking: Historical background of banking, Definition, principles, and importance of bank, Classification of the bank, Functions of a commercial bank, Structure of commercial banking in India, Features of the Indian banking system, credit creation. Central Banking: RBI and its functions, Credit control. Nationalization and Merger of Banks: General Introduction to Nationalization of Banks, Objective and Introduction to Private Banks Functioning and Usefulness or
  Importance, effects. Evaluation of Nationalization and Merger of Indian Banks.
• Bank Deposits: Meaning and types, Features of back accounts, Procedure to open and close bank accounts (Including online procedure). Loans and Advances: Principles to sanction loans and advances, Classification of loans and advances, Procedure to apply for house loan, personal loan, education loan, and commercial loans.
• Insurance: Historical background of Insurance, Meaning, elements, basic principles and importance of insurance, Kinds of insurance, Regulation of insurance in India. IRDA: Functions and role to regulate insurance in India.
• Life Insurance: Historical background, meaning, objectives, importance, essential elements, Life insurance policy and its types, `Insurance proposal to policy’–Procedure, Conditions of Life insurance policies, Claim to file procedure, and settlement of claims. Life Insurance Corporation of India: Functions, progress, and Evaluation.
• General Insurance: Meaning, Objectives and Importance, Kinds of general insurance and its features, Basic principles of general insurance, Procedure to apply general insurance policies, Claim filing procedure and settlement of claims. General Insurance Corporation of India: Functions, Progress and Structure, Performance of private
  sectors companies in the general insurance sector.

Banking & Insurance Book Contant

Banking

1. Bank : An Introduction
2. Structure And Functions Of Commercial Banks
3. Indian Banking System
4. Credit Creation
5. Central Banking : The Reserve Bank Of India (Including Control Of Credit)
6. Nationalisation And Merger Of Banks
7. Bank Deposits
8. Loans And Advances
9. Procedure To Apply Of Loan
   Insurance
10. Insurance
11. Insurance Regulatory And Development Authority—Irda
12. Life Insurance
13. Settlement Of Life Insurance Claims
14. Life Insurance Corporation Of India
15. General Insurance Corporation And Its Subsidiary Companies
16. Settlement Of General Insurance Claims

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• A new Chapter on e-Banking has been added in view of growing importance and the use of e-banking.
• The book incorporates the important changes made in the Negotiable Instruments Act, 1881 by the Public Financial Institutions Laws (Amendment) Act, 2003. The amendment has added new teeth to ensure compliance of its new provisions. This will enhance the acceptability of cheques as a mode of payment.
• The book also includes Banking Laws (Amendment) Act, 2012 paving the way for setting up new private banks as it will strengthen the regulatory role of the Reserve Bank of India.

Banking Law and Practice in India Book Contents

1. Bank: An Introduction
2. Creation of Money
3. Structure of Commercial Banks in India
4. Managerial Functions in Banks
5. Training, Promotion, and Control of Staff
6. Indian Banking System: Salient Features
7. The Money Lender
8. Nationalization of Banks and its Effects
9. Classification of Banking Institutions
10. The Reserve Bank of India
11. Management of Bank Deposits
12. Management of Advances
13. Investment Management
14. Cheques
15. Bills of Exchange and Government Securities
16. E-Banking
17. The Banking Regulation Act,1949
18. Privatization of Banks: Narasimhan Committee Report
19. Banking Sector Reforms in India
20. Management of Finance
21. Appraisal of Loan Application
22. Development Banking in India (IFCI, IDBI, ICICI)
23. Export Credit Guarantee Corporation of India (ECGC)

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