Modern Banking: Theory And Practice

Modern Banking: Theory And Practice

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Product Specifications

Publisher PHI Learning All Finance books by PHI Learning
ISBN 9788120350328
Author: D. Muraleedharan
Number of Pages 477
Available in all digital devices
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Modern Banking: Theory And Practice by D. Muraleedharan
Book Summary:
Technological innovations and advancements have spread into every sphere of life and banking is no exception. With competition being tough and fierce, business, especially banking, has to adopt new methods and techniques. Modern banking essentially implies use of modern technology and communication tools, for example, computer and the Internet, for bringing about more efficiency and speed in banking operations and making them more and more customer friendly and customer focused.

This accessible and well-written text examines the latest developments in the Indian Financial System and the significant roles the Indian Banking Sector has played in the development of the economy. Thoroughly practical and comprehensive, the book discusses the modern trends in Indian banking, especially its prospects with the use of technology, and other core areas of banking. It covers a wide range of topics such as financial markets and institutions; the role of central banks in different countries, including the role of RBI which is the central bank of India; basic lending principles; methods of remittance; services approach; and micro-credit. Besides, it dwells in details on venture capital, credit rating, modern e-payment systems, core banking, and hi-tech banking.

Now in the Second Edition, the book has been thoroughly revised and updated. This edition includes several new topics, such as local area banks, EXIM Bank (Amendment) Act, 2011, stock invest, Factoring Regulation Act, 2011, prepaid payment instruments, GIRO payment, white label ATMs, tablet banking, recent development in priority sector lending, financial inclusion plan, Micro-finance Institutions (Development and Regulation) Bill, 2012, technology in the banking sector, Basel Committee, global economic trends, KYC, rural infrastructure development fund, licensing of new banks in private sector, gold loans, and shadow banking system.

Audience of the Book :
This book Useful for Management & Commerce students.
Table of Contents :

1. Banking System in India

2. Commercial Banking

3. Central Banks

4. Indian Money Market and Financial Services

5. Basic Lending Principles

6. Loans and Advances

7. Negotiable Instruments

8. Banker and Customer

9. Types of Account Holders

10. Methods of Remittance

11. Technology in Banking

12. Modern Trends in Indian Banking