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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

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jaiib october 08 2007

JAIIBOCTOBER 08/2007

WELCOME TO VIRTUAL CLASS ROOM SESSION

PRINCIPLES OF BANKING

MODULE B

banker customer relationship
BANKER-CUSTOMERRELATIONSHIP
  • DEBTOR-CREDITOR
  • CREDITOR-DEBTOR
  • AGENT-PRINCIPAL
  • LESSOR-LESSEE
  • BAILEE-BAILOR
slide3
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
garnishee order
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
negotiable instruments
NEGOTIABLE INSTRUMENTS
  • BANKER’S DUTIES & RESPONSIBILITIES
  • PAYING BANKER
  • PAYMENT OF CHEQUES
negotiable instruments1
NEGOTIABLE INSTRUMENTS
  • BANKER’S DUTIES & RESPONSIBILITIES
  • C0LLECTING BANKER
  • COLLECTION OF
  • CHEQUES
certificate of deposit
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
charges
CHARGES
  • HYPOTHECATION
  • PLEDGE
  • MORTGAGE
  • ASSIGNMENT
  • LIEN
  • SET OFF
non resident indian accounts
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

slide15
6 Cs
  • CHARACTER
  • CAPTIAL
  • CAPACITY
  • COLLATERAL
  • CONDITION
  • COMPLIANCE
clayton s case
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

slide17
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)

all the best thank you
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