SEMESTER V: BANKING
(OPEN COURSE FOR NON-ECONOMIC STUDENTS)
The main purpose of this book titled “Banking” is written by Noushad Chengodan (Asst. Prof. in Economics, P.S.M.O. College, Tirurangadi), is to meet the requirements of students of non- Economics under the aegis of open course programme. Financial system, a broad concept, comprises with four major components; namely: financial institutions, financial market, financial instruments and financial services. The prudent banking operations assist a nation to attain the optimum utilization of the financial resources of the country. It will generate more employment opportunities, reduce poverty, augment capital formation, etc. This book contains four chapters; namely: Module I: Commercial Banks: Growth; Structure & Functions; Module II: Negotiable Instruments; Money Market & Credit Creation; Module III: Accounts; Guarantees & Crossing of The Cheques & Module IV: Central Banks: RBI; Structure & Functions.