1 / 18

JAIIB OCTOBER 08/2007

JAIIB OCTOBER 08/2007. WELCOME TO VIRTUAL CLASS ROOM SESSION PRINCIPLES OF BANKING MODULE B. BANKER-CUSTOMER RELATIONSHIP. DEBTOR-CREDITOR CREDITOR-DEBTOR AGENT-PRINCIPAL LESSOR-LESSEE BAILEE-BAILOR. FAQs. KYC: Know Your Customer Know your customer norms are applicable

garth
Download Presentation

JAIIB OCTOBER 08/2007

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. JAIIBOCTOBER 08/2007 WELCOME TO VIRTUAL CLASS ROOM SESSION PRINCIPLES OF BANKING MODULE B

  2. BANKER-CUSTOMERRELATIONSHIP • DEBTOR-CREDITOR • CREDITOR-DEBTOR • AGENT-PRINCIPAL • LESSOR-LESSEE • BAILEE-BAILOR

  3. FAQs • KYC: Know Your Customer • Know your customer norms are applicable • to all customer accounts. It deals with not • only to identify the customer but also • to understand the activities of the customer, • to ensure that the operations in the customer • account/s is/are for genuine purpose

  4. Garnishee Order • A garnishee order is issued by a court • Ex: Mr X borrows money from Mr Y and fails to repay. • Mr Y files a suit against Mr X, under the Civil Procedure Code and the Court issues a decree and attaches the funds in Mr. X’s bank account with bank A. • The order issued by the Court on bank A is known as “Garnishee Order” • Mr Y is the judgement creditor • Mr.X is the Judgement debtor. Bank A is Judgement debtor’s debtor

  5. NEGOTIABLE INSTRUMENTS • BANKER’S DUTIES & RESPONSIBILITIES • PAYING BANKER • PAYMENT OF CHEQUES

  6. CHEQUES

  7. NEGOTIABLE INSTRUMENTS • BANKER’S DUTIES & RESPONSIBILITIES • C0LLECTING BANKER • COLLECTION OF • CHEQUES

  8. WORKING CAPITAL OPERATING CYCLE

  9. DEPOSIT ACCOUNTS

  10. CERTIFICATE OF DEPOSIT • CD IS A MONEY MARKET INSTRUMENT • ISSUED AT A DISCOUNT • MINIMUM AMOUNT IS Rs. One LAKH • MINIMUM PERIOD OF CD 15 DAYS • MAXIMUM PERIOD OF 1 YEAR • DIFFERS FROM FD • a) Prepayment not allowed • b) Loan is not allowed

  11. CHARGES • HYPOTHECATION • PLEDGE • MORTGAGE • ASSIGNMENT • LIEN • SET OFF

  12. FUND BASED FINANCE

  13. Non-Fund Based Finance

  14. Non-Resident Indian Accounts • Who is a Non Resident Indian? 1)An Indian citizen who resides outside India on account of • a) Employment/business/vocation and • b) staying outside India for an uncertain period 2)A person of Indian origin but a citizen in any other country except Pakistan/Bangladesh if at any time holding an Indian passport

  15. 6 Cs • CHARACTER • CAPTIAL • CAPACITY • COLLATERAL • CONDITION • COMPLIANCE

  16. Clayton’s Case • Applicable only to a • a) joint a/c and or a partnership a/c • b) running c/c and o/d a/cs • c) Not to two different a/cs (Right of set off is applicable) Based on the concept of Appropriation

  17. FAQs • Distinguish -Cash Credit and Overdraft • Both CC and OD forms part of working capital finance CC is granted against moveable goods (inventory/semi finished goods/goods etc) OD is granted against paper security (Fixed deposit receipts/shares/book debts)

  18. ALL THE BEST & THANK YOU • T.M.C.VARADARAJAN • TEL : 022-25638965 (R) • 022-66364206 (O) • e.mail: t.varadarajan@scotiabank.com • tmc_varadarajan@yahoo.co.in

More Related