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The banking scenario in India is changing fast to keep pace with the international banking practice. As a result, the banks in India have been asked to meet specific standards such as capital adequacy norms, classification of assets, income recognition norms, Basel II accord, etc. Further, new directions have been issued to bring the NBFCs under strict control and to improve their financial health. The banking ombudsman scheme has been introduced to protect the interest of the depositors. Many post-reform developments have taken place so as to enable the banks to function with improved financial strength and functional efficiency. The negotiable instruments act has been amended recently with a view to enhancing the acceptability of cheques and thus, improving the efficacy of banking operations. The privatization of banks is on the move again. The latest development in the field of banking like the introduction of inclusion Inter-bank Mobile payment service, Green channel counters, financial Basel III Norms, new types of NBFCs, ATMs for rural masses, management of Non-performing Asset, Mchq product, Real-time gross settlement, etc., are included in this edition. Contents : 1. Banker and Customer 2. Deposits 3. Pass Book 4. Bank Customers − Special Types 5. Negotiable Instrument 6. Cheques 7. Material Alteration 8. Crossing 9. Endorsement 10. Marking 11. Paying Banker 12. Collecting Banker 13. Rights of a Banker 14. Loans And Advances 15. Modes of Charging Security 16. Unsecured Advances 17. Securities for Advances 18. Credit Appraisal 19. Advances Against Goods 20. Advances Against Documents of Title to Goods 21. Advances Against Stock Exchange Securities 22. Miscellaneous Securities 23. Subsidiary Services 24. Classification Of Banks 25. Investment Policy and The Balance Sheet of a Bank 26. Credit Creation 27. Bank Failures and Deposit Insurance and Credit Guarantee Corporation 28. Banking System in India 29. Commercial Bank and Economic Development 30. State Bank of India 31. Banking Regulations Act, 1949 32. Central Banking 33. Reserve Bank of India 34. Non-Banking Financial Institutions 35. Privatisation of Banks 36. The Banking Ombudsman Scheme, 1995 37. Electronic Banking (E-Banking) 38. Management of Non-Performing Assets (NPAs)
