BANKING THEORY AND PRACTICE
- VIKAS PUBLISHING HOUSE
978-8125937159
EVOLUTION OF BANKING INSTITUTIONS PART I: COMMERCIAL BANKING THEORY COMMERCIAL BANKING Functions of Commercial Banks and the Services Rendered by Them Agency Services; General Utility Services General Structure and Methods of Commercial Banking Certain Sound Commercial Banking Principles; Employment of Funds by Commercial Banks; Earning Assets of a Bank; Self Liquidating Paper Theory vs Anticipated Income Theory Mechanism of Credit Creation Limitations on Creation of Credit The Clearing House System Systems of Banking Group Banking and Chain Banking; Unit Banking and Branch Banking Investment Banking and Mixed Banking Universal Banking Merchant Banking Virtual Banking PART II: CENTRAL BANKING THEORY CENTRAL BANKING Functions of A Central Bank Monopoly of Note Issue Note Issue and the State; Principles of Note Issue; Systems of Note Issue; Reserve Requirements and Currency Regulation Monetary Policy Objectives; Instruments of Monetary Policy; Practical Difficulties; Bank Rate Policy; Open Market Operations; Variable Reserve Ratio; Secondary Reserve Requirements Qualitative Instruments of Monetary Policy Credit Rationing; Direct Action—Moral Suasion—Publicity; Selective Credit Controls As Banker and Advisor of the State As Bankers' Bank and Lender of Last Resort As Central Bank of Clearance; As Regulator of Banks As Custodian of Nation's Reserves Recent Trends in Central Banking Transparency in Monetary Policy; State and the Central Bank; Central Bank and Economic Development; With Particular Reference to Developing Economies INDIAN BANKING THE INDIAN JOINT-STOCK BANKS Banking Theory and Practice Indian Joint-stock Banks and Branch Banking Lead Bank Schei.de Foreign Branches of Indian Banks; Bank Mergers and Amalgamations; Growth in Deposits Capital Funds Diversification in Banking Activities Banks' Entry into Insurance Business; Developments in Retail Banking; Housing Finance; Banks' Investment in Capital Market; Formation of Other Subsidiaries for Para-banking Activities; Equity Investment in Commodity Exchange; Clearing Corporation; Technological Developments in Banks Financial Innovations Take-out Finance; Securitization; Reverse Mortgage Loans Asset Structure of Indian Joint-stock Banks Cash in Hand, Balances with Banks and Loans-at-call and Short Notices; Bills Purchased and Discounted; Investments; Loans and Advances APPENDIX: Master Circular on Branch Licensing Only 2004); Master Circular on Branch Licensing in Respect of Regional Rural Banks (Till July 2008); Mergers and Acquisitions in Banking: International Experience and Indian Evidence; Strategies for Strengthening Weak Banks: Cross- country Experience; Insurance and Banking: Issues of Overlap; Securitization; Take-out Finance COMMERCIAL BANKS AND INDUSTRIAL FINANCE Sectoral Deployment of Credit Exposure Norms Term Lending Term Lending in India; Can Term Credits be Endowed with Liquidity?; Inter-institutional Group on Lending Operations; Consortium/Participation Arrangements; Syndicated Loan System; Participation Certificates; Mutual Funds; Financing of Sick Industrial Units Role of Banks in Export Promotion Toda Report on the Export Credit System; Banks and Export Insurance The Export Import Bank of India (EXIM Bank) Financial Institutions: Role of Commercial Banks and Related Matters Classification of Financial Institutions; Industrial Finance Corporation of India; State Financial Corporations; Unit Trust of India; The Industrial Development Bank of India; National Housing Bank Regulatory and Supervisory Framework Coordination between Banks and Financial Institutions Harmonization of the Role of Banks and Development Financial Institutions Universal Banking APPENDIX: Issues of Co-ordination between Banks and Financial Institutions; Universal Banking: Supervisory and Regulatory Aspects; Discussion Paper COMMERCIAL BANKS AND PRIORITY SECTORS Classification of Priority Sector Advances Agriculture; Small-scale Industries; Other Activities/Borrowers in the Priority Sector Certain Types of Funds Deployment Eligible as Priority Sector Advances Investment in Special Bonds; Other Investments; Lines of Credit; Bills Rediscounting; Deposits in Rural Infrastructure Development Fund; Leasing and Hire Purchase Targets for Priority Sector Lending by Scheduled Commercial Banks (Excluding RRBs) Main targets for Scheduled Commercial Banks; Sub-targets for All Scheduled Commercial Banks Excluding Foreign Banks; Targets for Foreign Banks; Deposits by Foreign Banks with SIDBI Towards Shortfall in Priority Sector Lending; Contribution by Banks to Rural Infrastructure Development Fund Common Guidelines for Priority Sector Advances Processing of Applications; Mode of Disbursement of Loan; Repayment Schedule; Rates of Interest; Penal Interest; Inspection Charges; Insurance Against Fire and Other Risks; Other Charges; Photographs of Borrowers; Discretionary Powers; Machinery to Look into Complaints; Amendments; Revision to the Guidelines Financial Inclusion 'No-Frills' Accounts; General-purpose Credit Cards; Pilot Project for 100 per cent Financial Inclusion; Financial Inclusion Fund and Financial Inclusion Technology Fund Commercial Banks and Agricultural Finance Financing of Primary Agricultural Credit Societies (PACSs) by Commercial Banks; Action Taken on Gupta Committee Report; Integrated Rural Development Programme (IRDP); Swarnajayanti Gram Swarozgar Yojana (SGSY); Micro Credit by Banks; Recent Developments; Special Agricultural Credit Plans (SACP); Simplification of Processes and Procedures; Relief Measures for Agriculture-Interest Rate Subvention; Recommendations of the Radhakrishna Expert Group on Agricultural Indebtedness; Agricultural Debt Waiver and Debt Relief Scheme, 2008 Commercial Banks and Small-scale Industries Prime Minister's Rozgar Yojana; Credit to Micro, Small and Medium Enterprises (MSME) Sector; Credit to Khadi and Village Industries Commission; Scheme for Guarantee of Loans and Advances to SSIs; Credit Guarantee Scheme for Small Borrowers; Differential Interest Rate; Lead Bank Scheme; Small Industries Development Bank of Indi.% (SIDBI); Recent Developments in SSI Sector Lending BANKING LEGISLATIONS AND REFORMS I Banking Regulation Act, 1949 Banking Companies and the Reserve Bank of India; The Banking Companies (Amendment) Act, 1960; The Banking Companies (Second Amendment) Act, 1960; The Banking Companies (Amendment) Act, 1961; Banking Companies (Amendment) Act, 1962; The Banking Laws (Miscellaneous Provisions) Act, 1963; Banking Laws (Application to Cooperative Societies) Act, 1966; Deposit Insurance Corporation Act, 1962 Social Control Over Banks The Banking Laws (Amendment) Act, 1968 Nationalization of Commercial Banks Banking Companies (Acquisition of Undertakings) Act, 1970; Second Phase of Nationalization; Achievements; Nationalized Banks and Branch Expansion; Nationalized Banks and Priority Sectors; Capital Adequacy; Banking Companies (Acquisition and Transfer of Undertakings) (Amendment) Act, 1994; Managerial Autonomy for Public Sector Banks Regional Rural Banks Regional Rural Banks Act, 1976; Regional Rural Banks (Amendment) Act, 1987; Kamath Working; Group and Dantwala Committee; Efforts for Improving the Efficiency of RRBs Differential Interest Rates (DIR) Credit Authorization Scheme Credit Planning Recovery of Debts Due to Banks and Financial Institutions Act, 1993; Banking Regulation (Amendment) Act, 1994 The New Private Sector Banks Local Area Banks The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Ordinance, 2002 Measures Aimed at NPA Management Banking Ombudsman Scheme, 2006 The Banking Ombudsman Scheme, 2006; Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006; Banking Codes and Standards Board of India; The Banking Regulation (Amendment) Ordinance, 2007; Mobile Banking Transactions in India: Operative Guidelines for Banks BANKING LEGISLATIONS AND REFORMS II The Banking Commission Recommendations of the Banking Commission; Action Taken on the Recommendations of the Banking Commission Report of the Study Group to Frame Guidelines for Follow-up of Bank Credit Norms for Inventory and Receivables; Working Capital Gap and Bank Finance; Propo.i.e.: Style of Credit; Guidelines for Follow-up, Supervision and Control of End-use of Bank Credit; Other Recommendations; Action Taken on the Recommendations Committee on Penal Rates and Service Charges Committee on Transfer of Loan Accounts Follow-up Action Working Group on Planned Participation of Commercial Banks in Rural Electrification Schemes Follow-up Action Working Group on Housing Finance Follow-up Action Interim Report of The Working Group on Customer Service in Banks Recommendations; Follow-up Action Janakiraman Committee on Securities, Operations of Banks and Financial Institutions Goiporia Committee on Customer Service Working Group on Inspection of Banks Working Group on Inter-branch Reconciliation Committee on Frauds and Malpractices in Banks Committee on Industrial Sickness and Corporate Restructuring Shetty Committee on Lending under Consortium Arrangement Narasimham Committee Report (I) (1991) on the Financial System Follow-up Action Narasimham Committee (II) (1998) Recommendations Follow-up Action Committee on Credit Delivery System to SSIs Working Group on Restructuring of Weak Public Sector Banks Follow-up Action Working Group on Management of Overseas Operations of Indian Banks Follow-up Action Working Group to Explore The Possibilities of Setting-up of A Credit Information Bureau in India Follow-up Action Advisory Group on Banking Supervision Corporate Governance; Management Information System (MIS); Risk Management; Loan Accounting; Transparency and Disclosure; Internal Control; Supervision of Conglomerates; Cross-border Banking Supervision Working Group on Improvements in Monitoring of Clearing Systems Follow-up Action MICRO-FINANCE Mic