Banking Theory And Practice

Banking Theory and Practice covers the entire gamut of topics in the field of banking-from its evolution to the latest trends. The Indian banking system is undergoing unprecedented changes as a result of new legislations and reforms in response to contemporary needs. The present edition has kept pace with these developments, including the changes in legislation, growing globalization of banking, as well as the expansion of the banking business to meet the needs of customers for a wider range of services.The book, which was initially aimed to serve the needs of undergraduate students, has over the years deepened and widened in both scope and contents. It is now an essential resource not only for undergraduate students, but also for professional bankers and those who pursue more advanced and practically oriented studies on the subject.NEW IN THIS EDITION* Subject matter thoroughly revised and statistical data updated* Covers the move towards universal.banking, virtual banking, green banking* Includes flexi bank accounts and speed clearing* Covers Banking Laws (Amendment) Act, 2011* A new chapter on Financial Stability, especially in the Indian contextK C Shekhar retired as a Professor from the Department of Postgraduate Studies in Commerce and Management, St Thomas College, Trichur, and is at present, Professor and Head, Department of Accounting and Finance, University of Zambia. He is a Fellow of the Royal Society of Commerce (Wigan, UK) and a Member of the British Institute of Management (London). He is also an Educational Associate Member of the Institute of Internal Auditors (Florida, USA).Lekshmy Shekhar is a Manager, Global Enterprise Systems Support - SAP Finance, Discovery Communications Inc., Washington, DC, USA. She is a qualified chartered accountant, who graduated in commerce from the University of Kerala, where she was a rank holder. In 1992, she joined Yokogawa Blue Star, Bengaluru, an Indo-Japanese collaborative company as the Deputy General Manager, Finance, till she left for the US to join Discovery Communications Inc., Washington, DC.