In a fast changing world, everything is subject to change and the field of banking is not an exception to this. It has also undergone significant changes over the years. This book, in the light of developmental changes, highlights and explains the concepts of banking and finance, and presents an up-to-date legal discussion on the subject. It is written in a simple and an easy-to-understand language.

The text is divided into two parts. Part I on Banking and Finance: Theory covers a wide range of topics such as money, evolution and systems of banking, classification of banks, commercial and hi-tech banking, deployment of funds, new finance services, banker’s clearing house, central banking, Indian finance system, Indian money market, banking legislation in India, etc. Part II on Banking and Finance: Law and Practice deals with the relationship between a bank and a customer, bank deposits, banking instruments, bank accounts, lending, etc.

This book is primarily intended for the undergraduate students of commerce. It will also be useful to the students of economics, banking professionals, chartered accountants and to all those who are engaged in commercial field.

Presents chapter-wise division and arrangement of topics enabling easy understanding of terms, definitions and concepts.

Includes tables and charts to elucidate the concepts discussed.

Includes modern technological developments.

Provides chapter-end questions to test the extent of understanding acquired by the reader.

Preface
Abbreviations
Introduction
Part I: BANKING AND FINANACE: THEORY
1. Money
2. Evolution of Banking
3. Classification of Banks
4. Systems of Banking
5. Commercial Banking
6. Deployment of Funds
7. Hi-Tech Banking
8. New Financial Services
9. Banker’s Clearing House
10. Central Banking
11. Foreign Exchange Management
12. Global Financial Crisis 2007–2009
13. Indian Financial System
14. Indian Money Market
15. Commercial Banking in India
16. Banking Legislation in India
17. Changing Scene of Indian Banking
18. Central Banking in India
Part II: BANKING AND FINANCE: LAW AND PRACTICE
19. Banker and Customer
20. Bank Deposits
21. Procedure for Opening a Bank Account
22. Banking Instruments
23. Forms of Bank Lending
24. Principles of Sound Lending
25. Security for Bank Advances
26. Modes of Securing Advances
Index GOMEZ, CLIFFORD
CLIFFORD GOMEZ has been Professor and Head, Postgraduate Department of Commerce, Fatima Mata National College, Kollam, Kerala. A distinguished teacher, Professor Gomez has more than 40 years of teaching experience. He has authored several books on Commerce.

His fields of specialisation are Banking and Finance.