coasting companying law Dr. Nandimath Omprakash V, Associate Professor in Law & Coordinator, Distance pedagogics Department, National Law School of India University, Bangalore-560 072 Email: ovnandimath@nls.ac.in Course nary(prenominal) II (MBL) 1. Structure and Functions of commercial-grade imprecateers & Financial Institutions (Module I) 2. Reserve chamfer of India Structure and Functions (Module II) 3. Law of Banking Regulations (Module III) 4. Negotiable Instruments Law and Procedure (Module IV & V) 5. Banker and Customer relation (Module VI) 6. Advances, Loans and Securities (Module VII & VIII) 7. Procedural Aspects of Banking Law (Module IX) exploitation of banking services in India British brought the modern concept of banking to India exclusively the concept of banking was known to us Banking was used in synonymous with cash lending Vedic literature records the details of banking transactions Manusmrithi speaks to the highest degree deposits, pledge, imparts and interest rates etc.
, Sons pious obligation to discharge the loan of the father Indian modern banking Alexander & Company a starring(p) agency house started managing the Bank of Hindustan in 1770s The Bank of Calcutta was establish by the East India Company in 1806 Commercial Bank in 1819 The concept of limited liability was not known hence, till 1860 banks had to either obtain a finicky charter from the crown or had to make for under interminable liability 1921 three Presidency Banks at Calcutta, Bombay and Madras were merged into the majestic Bank (vide Imperial Bank of India Act, 1920) Reserve Bank of India was established in 1934 It was given the right of note issue; Was similarly to act as bankers bank; However, Imperial Bank was allowed to operate as the agent of RBI, especially in those places where RBI had no branches. The RBI was initially a shareholders bank but was nationalized in 1948 [vide Reserve Bank (Amendment) Act, 1948] State Bank of India Act, 1955 Imperial Bank... If you want to get a full essay, rig it on our website: Orderessay
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