Beruflich Dokumente
Kultur Dokumente
OCTOBER 08/2007
WELCOME TO VIRTUAL CLASS
ROOM SESSION
PRINCIPLES OF BANKING
MODULE B
BANKER-CUSTOMER
RELATIONSHIP
DEBTOR-CREDITOR
CREDITOR-DEBTOR
AGENT-PRINCIPAL
LESSOR-LESSEE
BAILEE-BAILOR
FAQs
KYC:
Garnishee Order
A garnishee order is issued by a court
Ex: Mr X borrows money from Mr Y and fails to
repay.
Mr Y files a suit against Mr X, under the Civil
Procedure Code and the Court issues a decree
and attaches the funds in Mr. Xs bank account
with bank A.
The order issued by the Court on bank A is
known as Garnishee Order
Mr Y is the judgement creditor
Mr.X is the Judgement debtor. Bank A is
Judgement debtors debtor
NEGOTIABLE
INSTRUMENTS
PAYMENT IN
DUE COURSE
APPARENT
TENOR
PAYMENT IN WITHOUT
GOOD FAITH NEGLIGENCE
CHEQUES
BEARER
ORDER
CROSSED
OPEN
NEGOTIABLE
INSTRUMENTS
BANKERS DUTIES
&
RESPONSIBILITIES
C0LLECTING
BANKER
COLLECTION OF
CHEQUES
HOLDER IN
DUE
COURSE
CONSIDERATION
TITLE
IBEFORE
MATURITY
CASH
SEMI FINISHED
PRODUCTS
BILLS
REALISED
BILLS
PAYABLE
FINISHED
PRODUCTS
CREDIT
SALES
DEPOSIT ACCOUNTS
CURRENT
CERTIFICATE
SAVINGS
DEPOSITS
FLEXI
FIXED
RECURRING
CERTIFICATE OF DEPOSIT
CHARGES
HYPOTHECATION
PLEDGE
MORTGAGE
ASSIGNMENT
LIEN
SET OFF
BILLS
FINANCE
OVERDRAFT
LOANS
&
ADVANCES
TERM
FINANCE
RETAIL
FINANCE
LETTERS OF
CREDIT
BANK
GUARANTEE
CO-ACCEPTANCE
OF BILLS
6 Cs
CHARACTER
CAPTIAL
CAPACITY
COLLATERAL
CONDITION
COMPLIANCE
Claytons Case
Applicable
only to a
a) joint a/c and or a partnership a/c
b) running c/c and o/d a/cs
c) Not to two different a/cs
(Right of set off is applicable)
Based on the concept of Appropriation
FAQs
022-66364206 (O)
e.mail: t.varadarajan@scotiabank.com
tmc_varadarajan@yahoo.co.in