Compliance in Banks by Indian Institute of Banking & Finance

Compliance in Banks is designed to provide 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. It also explains the concept of the following:

Compliance
The compliance structures
Role and relevance of compliance function in banks
Importance of corporate governance
It also provides an insight into the various risks that affect banks and methods to mitigate these risks
This book also features summaries, keywords, test & answers at the end of each chapter.

This book is meant as courseware for IIBF’s ‘Certified Banking Compliance Professional Course’, which is offered in collaboration with the Institute of Company Secretaries of India (ICSI), with an intent to create a cadre of compliance professionals in banks. This book would also be helpful to students of banking as well as practitioners of bank audit and compliance.

The Present Publication is the 2nd Edition (2017), published exclusively by Taxmann for the Indian Institute of Banking and Finance. The contents of the book are as follows:

Module I – Regulation and Regulatory Framework
Regulation in Banks
Module II – Compliance Programme
Compliance and Compliance Function in Banks
Compliance Governance Structure
Framework for Identification of Compliance Issues and Compliance Risks
Compliance Culture and GRC Framework
Module III – Regulatory Compliances
Disclosures in Financial Statements of Banks
Exposure Norms
Prudential Norms for Classifications, Valuation, Operation of Investment Portfolio by Banks
Cash Reserve Ration (CRR) and Statutory Liquidity Ratio (SLR)
Know Your Customer and Anti-Money Laundering (KYC/AML)
Module IV – Statutory Regulatory Restrictions and Guidelines on Loans and Advances
Statutory Restrictions
Priority Sectors and Micro, Small & Medium Enterprises
Interest Rates on Advances
Prudential Norms for Income Recognition and Asset Classification and Wilful Defaulters
Module V – Foreign Currency Operations under FEMA and other Regulations
Foreign Investment in India and Abroad
Export of Goods and Services
External Commercial Borrowings
Facilities to Residents, Non-Residents and Persons of Indian Origin
Import of Goods and Services
Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts & Residents’/Non-Residents’ Accounts
Reporting Requirements Related to FEMA
Module VI – Guidelines on Customer Service and other Facilities
Regulatory Guidelines on Customer Service
Interest Rates on Deposits
Financial Services
Alternative Delivery Channels
Module VII
Additional Questions
Important Acts
International Best Practices in Compliances