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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

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JAIIB OCTOBER 08/2007

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  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

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