BFI1067 | Banking & Financial Institutions

“Times change and we with time” – the old order has changed yielding place to new, and we must have new need for the new hour. Railways, steamships, posts, telegraphs, telephones, aviation, television and other innovations of the modern era including the evolution of atomic energy, are playing their due part in this struggle in India as elsewhere. One of the few important quarters, into which the rays of the new light have penetrated, are the sphere of banking and insurance.

Any student intending to specialize in the area of commercial laws, the study of

(i)    emerging ‘regulatory regime’ in general; and (ii) the changing facets of banking and insurance institutions; has become imperative. According to the Bar Council’s regulations every student is taught the basics of insurance and banking law during their tenure at bachelor’s course. In the light of these facts, the present course intends to introduce the students (at their post graduate level) the regulatory aspects of banking and insurance institutions.

 However, it must be noted that, the present course is not sans the traditional aspects of introducing the students (to some extent) to the elements of finance sector, the players in finance sector, understanding the working of finance sector vis-à-vis the banking and insurance sector and of course the newly emerging ‘regulatory sector’ sector in India.