Courses Catalogue

Banking Laws And Practice

COURSE CODE: BNK 2203
COURSE CREDIT UNIT: 3
ACADEMIC PROGRAMME: Business Administration (Finance & Banking)
COLLEGE/SCHOOL/FACULTY: College of Economics and Management
STATUS: Core
PROGRAMME TYPE: Undergraduate

Course Content and Outline

COURSE CONTENT

Introduction to banking

  • Definition of a bank
  • Different types of banks and their functions
  • How to start a banking institution (Register)
  • The central Bank and its role to the country, and the banking sector.
  • Types of Accounts
  • The different Bank accounts and how they function
  • How to open bank accounts

RELATIONSHIP BETWEEN CUSTOMERS AND BANKERS

  • The relationship between customer and banker (Debtor/creditor relationship)
  • The implied contract between the two parties.
  • Implication of the relationship, the rights and obligations of each towards the other.

FINANCIAL INSTITUTIONS STATUTE

  • Laws/dos and don’ts of commercial banks are disciplined by the central bank.
  • Rich management and money landering.

PENAL CUSTOMERS

  • Define special customers
  • How each category of the special customers in treated / handled.

LOANS AND ADVANCES

  • How banks make money in business entity
  • Precautions undertake when issuing loans and produre
  • How to insure irans are wil monitored.
  • Know your customer.

NEGOTIABLE INSTRUMENTS

  • Define negotiable instruments and their categorization.
  • How different instrument are handled
  • Crossed cheque and payment of cheques.
  • When payment of instrument can be dishonoured.
  • Collection of cheques. The bank as an agent of the customer and holder for value.

MODE OF DELIVERY

  • Lectures
  • Reading assignments
  • Practical assignments
  • Field trips
  • Documentaries


INSTRUCTIONAL MATERIALS AND / OR EQUIPMENT

·         Whiteboard and Markers

·         Flip Charts

·         LCD Projectors

·         CDs, DVDs and Tapes