Banking and Insurance Law Notes with Legal Eloquence

UNIT – I Evaluation of Banking Services and its History in India

1. History of Banking in India.

2. Bank nationalization and social control over banking.

3. Various types of Banks and their functions.

4. Contract between banker and customer: their rights and duties.

5. Role and functions of Banking Institutions

UNIT – II Lending by Banks and Recent Trends of Banking System in India

1. Advances, Loans and Securities.

2. Direct, collateral and miscellaneous Securities.

3. Default and recovery.

4. Bank Debt Recovery Tribunals.

5. The Securitization and Reconstruction of Financial Assets and Enforcements of Security Interest Act, 2002 (Definitions, Section 13 – Enforcement of security interest, Section 17 - Right to appeal.)

UNIT – III General Principles of Law of Insurance

1. Definition, nature and history.

2. Contract of insurance and principles.

3. The Risk – commencement, attachment, assignment.

4. Types of insurances.

5. Policy and its Legal Status.

UNIT – IV Recent Trends in Insurance

1. Insurance against third party risks (relevant provisions from Motor Vehicles Act, 1988.) 9

2. Liability Insurance.

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