Objectives :

The main objectives of this course are to introduce the students to the basic concept of banking as a financial intermediation service and bank as a financial institution.

Who should do FLIP’s Banking Fundamentals program?

The course is suitable for candidates with the following qualifications:

  • Engineers/Other Graduates looking for a BFS career in IT/KPO/BPO
  • MBAs/Post Graduates looking for a Business analyst role in IT/KPO
  • Other working professionals, looking to move into BFS in IT/KPO

Banking Fundamental Syllabus

 

Unit 1

History of Banking, Brief History of evaluation of banking in India, Definition of Banking, Different types of commercial banks.

Unit 2

Definition of a bank customer, different types of bank accounts, their main features, the process of opening of accounts of individuals, partnership firm, joint stock companies, HUF’s, Institutions, Single holder and joint holders, Trusts, Co-operative societies, government and other public bodies.

Unit 3

Traditional functions of a bank, forms of deposits in current accounts, savings accounts, fixed deposits,
recurring deposits, the credit creation function of banks, types of credit facilities, overdraft, cash credit, demand loan, term loan, purchase/discount of bills, letters of credit, letters of guarantee, personal loans, housing loans, educational loans and vehicle loans.

Unit 4

The concept of negotiable instruments, characteristics of negotiable instruments, promissory notes, bills of exchange and cheques and their silent features, main features of cheques as negotiable instruments, payment through cheques, liabilities of paying and collecting banks, crossing of cheques.