Compliance in Banks

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Description
Bank regulations subject banks to certain guidelines, stipulations, and restrictions in their day to day operations.  This  regulatory  structure  creates  transparency  between banking institutions and the individuals and corporations with whom they conduct business, among other things. Given the ' inter-connectedness of the banking industry and national (and global) economy and the reliance they have on banks, it is important for regulatory agencies to maintain close control over the standardized practices of these institutions.
This book provides an overview of the internal guidelines, statutory and regulatory stipulations in force that regulate the financial environment with special reference to banks operating in India. The book also explains the concept of compliance, the compliance structure, role and relevance of compliance function in banks and importance of corporate governance. The book also gives an insight into the I various risks that affect banks and methods to mitigate these risks. This book is a I courseware for the Certified Banking Compliance Professional course offered in I collaboration with ICSI with intent to create a cadre of compliance professionals in I banks. This book would be useful to students of banking as also practitioners of ^bank audit and compliance.
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Contents
Module I - Regulation and Regulatory Framework
Unit 1      Regulation in Banks
Module II - Compliance Programme
Unit 1      Compliance and Compliance Functions in Banks
Unit 2      Compliance governance Structure
Unit 3      Framework for Identification of Compliance issues and Compliance risks
Unit 4      Compliance culture and GRC Framework
Module III - Regulatory Compliance
Unit 1     Disclosures in financial statement of Banks
Unit 2     Exposure Norms
Unit 3     Prudential Norms for classification, Valuation, operation of investment portfolio by banks
Unit 4     Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)
Unit 5     Capital Adequacy
Unit 6     Know your customer and Anti-money Laundering (KYC/AML)
Module IV - Statutory, Regulatory Restrictions and Guidelines on Loans and Advances
Unit 1    Statutory Restrictions
Unit 2    Priority Sectors and Micro, Small & Medium Enterprises
Unit 3    Interest Rates on Advances
Unit 4    Prudential Norms for Income Recognition and Asset Classifications
Module V  -  Foreign Currency Operations under FEMA an Other Regulations
Unit 1   Foreign Investment in India and abroad
Unit 2   Export of Goods and Services
Unit 3   External Commercial borrowings
Unit 4   Facilities to Residents, Non- Residents and persons of Indian Origin
Unit 5   Important of Goods and Services
Unit 6   Openning and maintenance of Rupee/ Foreign currency vostro accounts
Module VI - Guidelines on customer service and other facilites
Unit 1   Regulatory Guidelines on customer service
Unit 2   Financial Distributions
Unit 3  Alternative Delivery Channels
Module VII
Unit 1   Additional Questions
Unit 2   Important Acts
Unit 3   International Best Practices in Compliances
List of Abbreviations