'Principles And Practices of Banking' is a book created by the Indian Institute of Finance and Banking (IIFB) and published by Macmillan India Limited. It revolves around the history, practices and principles of banking in India. This book is a compilation of contributions made by experts at IIFB and is suitable for those who wish to learn about the banking and finance sector in India. Overall, a good introductory book that delves into various aspects of the banking industry and the regulations that govern the same.
The book 'The Principles and Practices of Banking' guides the reader through the history of banking and finance in India, and covers the growth and development of banking from the time that it first came into existence in India. Additionally, it discusses countless changes that occurred in the Sib-continent's path to evolving into a modern day banking industry. The book also takes a closer look at the practices prevailing in the banking and financial sectors of India, where they originated from and why they exist. It also takes a close look at the principles guiding the finance sector.
This well-authored book reflects on those global changes that have taken place in the market and have posed challenges to the banking sector. It also brings to light the measures taken by the Reserve Bank of India as it created and put in place rules and regulations to provide financial stability and safeguard the interests of depositors.
Easy to Understand
The language and terminology used is concise, informative and easy to understand. 'Principles and Practices of Banking' is divided into four comprehensive sections or modules, namely, Indian Financial System, which first gives an overview of the Indian Financial System, then goes on to talk about banking regulations, retail, wholesale and International banking, the role and functions of capital market, Securities and Exchange Board of India (SEBI) and the role/ function of mutual funds, insurance companies and more.
The second module, Functions of Banks, covers topics like banker-customer relationship, banker's special relationship, payment and collection of cheques and other negotiable instruments, types of customers, ancillary services, credit cards, home loans, documentation, types of collaterals and their characteristics, and more.
The third module, Banking Technology, sheds light on topics like essentials of bank computerization, payment systems and electronic banking, data communication network and EFT systems, role of technology up gradation and its impact on banks, and security considerations.
The fourth module, Support Services - Marketing of Banking Services/Products speaks about marketing, consumer behaviour and product, pricing, channel management, and more.
From India's Foremost Banking and Finance Institute
This book is one of the many produced by IIFB, an institution that has been around for close to a century. The Indian Institute of Banking and Finance was founded in 1928 and is the largest institute of its kind in the world with over 750 institutional members and 2.5 lakh individual members. The institute aims to develop professionally qualified and competent bankers/finance professionals primarily through a process of education, training, examination, consultancy/counselling and continuous professional development programs.
Paperback 492 pages
Publisher Macmillan; Second edition (2012)
Product Dimensions23.6 x 18 x 2.6 cm