Study & Evaluation Scheme Of Bachelor of ... - IFTM University

IFTM University, Moradabad
Bachelor of Commerce (B.Com Hons.) Programme
BCOM: 401: BANKING AND INSURANCE SYSTEM IN INDIA Max. Hours: 40
UNIT I
Overview of Indian Banking System: History & Definition of Bank, Structure and
Organization of Banks. Commercial Banks: Nature and Scope of Commercial Banks, Functions,
General structure and methods of Commercial Banking, Mechanism of Credit Creation, systems
of Banking; RRBs and Co-operative Banks.
UNIT II
Central Banking & Monetary Policy: Constitution, Objectives, Functions, Structure of Central
Bank, Recent Trends in Central Banking, Failures and Critical Appraisal of the functioning of
Central Bank. Monetary Policy: Objectives, Monetary supply and Control of Inflation, Credit
Control Measures and their effectiveness.
UNIT III
Development Banks & Non-Banking Financial Institutions: Objectives, Functions,
Importance of Development Banks and Development Banks in India. Non-Banking Financial
Institutions- their main features, Regulatory and Supervisory Framework.
Banking Regulation Act & SBI: History of Banking Regulation Act, 1949, Social Control,
Banking Commission and Recommendations of Narasimham Committee. State Bank of India:
Objectives, Functions, Structure, Working and State Bank Group.
UNIT IV
Legal Aspects of Insurance
The Legal Environment, The Insurance Act, 1938 (as amended), Life Insurance Corporation Act,
1956, General Insurance Business (Nationalisation) Act, 1973, Insurance Regulatory and
Development Authority, IRDA Act.
Suggested Readings:
1. H.R. Machiraju, Indian Financial System, Second Edition, Vikas Publishing House Pvt. Ltd
2. Indian Financial System, M.Y. Khan, Tata McGraw Hill
3. Banking Theory and Practice, Shekhar and Shekhar, Vikas Publishing House Pvt Ltd
4. Modern Banking, R.S. Sayers, Oxford University Press