Banking Laws And Practice

 COURSE TITLE:             BANKING LAW AND PRACTICE

COURSE CODE:              BNK 2203

HOURS TAUGHT:            3 hrs per week

PREREQUISITES:          None

PURPOSE OF COURSE

To train students in the banking practices focusing on the major features of banking that affect them now and in the future as managers/entrepreneurs To enable students understand and apply the laws performing to banking. Students being customers and future entrepreneurs, managers and business persons, are equipped with the relevant knowledge in the area especially the legal aspect so as to safe guard their interest while achieving the best out of the rendered services. the importance of resultant frameworks the management of banking institutions .To provide students with the skills required to work in and with banks.

EXPECTED LEARNING OUTCOMES

By the end of the course unit, students should be able to;

• Discuss the concepts of banking and the roles of the customers and Bankers in banking i.e Rights and obligations.
• Explain the basic banking practice opening accounts, closing accounts, how to handle special customers.
• Explain how negotiable with members are handled when to pay cheques, how cheques and drafts are cleared and the bank’s position in handling cheques.

• Analyze details regarding the management of portfolio and the caution banks take to ensure wise lending.
• Discuss the role of the Banks and its role in central Bank and its role in the management and operations of financial institutions, especially Banks.