Compliance in Banks
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Note : 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. It also explains the concept of compliance, the compliance structure, role and relevance of compliance function in banks and importance of corporate governance.This book is a courseware for the Certified Banking Compliance Professional course offered in collaboration with ICSI with intent to create a cadre of compliance Professionals in banks.
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 various risks that affect banks and methods to mitigate these risks. This book is a courseware for the Certified Banking Compliance Professional course offered in collaboration with ICSI with intent to create a cadre of compliance professionals in banks. This book would be useful to students of banking as also practitioners of bank audit and compliance.
| Chapter No | Chapter name |
|---|---|
| MODULE: I | Regulation And Regulatory Framework |
| UNIT: 1 | Regulations in banks |
| MODULE: II | Compliance Programme |
| UNIT: 1 | Compliance and Compliance Function in Banks |
| UNIT: 2 | Compliance Governance Structure |
| UNIT: 3 | Framework For Identification of Compliance and Compliance Risks |
| UNIT: 4 | Compliance Culture and GRC Framework |
| MODULE: III | Regulatory Compliances |
| UNIT : 1 | Disclosures In Financial Statements Of Banks |
| UNIT: 2 | Exposure Norms |
| UNIT: 3 | Prudential Norms For Classification, Valuation, Operation Of Investment Portfolio By Banks |
| UNIT: 4 | Cash Reserve (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 Classification and Wilful Defaulers |
| MODULE: V | Foreign Currency Operations Under FEMA and Other Regulations |
| UNIT :1 | Foreign Investment In India & Abroad |
| UNIT :2 | Export Of Goods & Services |
| UNIT :3 | External Commercial Borrowings |
| UNIT :4 | Facilities To Residents, Non Residents and Persons of Indian Origin |
| UNIT: 5 | Import Of Goods and Services |
| UNIT : 6 | Openings and Maintenance of Rupee/Foreign Currency Vostro Accounts & Residents'/Non-residents' Accounts |
| UNIT: 7 | Reporting requirements related to FEMA |
| MODULE: VI | Guidelines On Customer Service and Other Facilities |
| UNIT : 1 | Regulatory Guidelines On Customer Service |
| UNIT : 2 | Interest Rates On Deposits |
| UNIT : 3 | Financial Services |
| UNIT : 4 | Alternative Delivery Channels |
| UNIT 1 | Additional Questions |
| UNIT 2 | Important Acts |
| UNIT:3 | International Best Practices In Compliances |
| ANNEXURE :1 | Automated Data Flow (ADF) from Banks to Reserve Bank of India |
| Annexure: II | Anatomy of Bank Risk |
| Annexure: III | Submission of Quarterly Certificate by the Branches/Other Operating Units to the RO for Compliance of Various Regulatory/Internal Guidelines |
| Annexure: IV | Submission of Quarterly Certificate by the Compliance Officer of RO to Compliance Dept. CO -To be signed by Regional Head |
EGULATION AND REGULATORY FRAMEWORK
EGULATION IN BANKS
OMPLIANCE PROGRAMME
OMPLIANCE AND COMPLIANCE FUNCTION IN BANKS
COMPLIANCE GOVERNANCE STRUCTURE
FRAMEWORK FOR IDENTIFICATION OF COMPLIANCE ISSUES AND COMPLIANCE RISKS
Will update soon
REGULATORY COMPLIANCES
DISCLOSURES IN FINANCIAL STATEMENTS OF BAnks
DISCLOSURES IN FINANCIAL STATEMENTS OF BA
UNIT 2 EXPOSURE NORMS
EXPOSURE NORMS
UNIT: 3 - Prudential Norms For Classification, Valuation, Operation Of Investment Portfolio By Banks
PRUDENTIAL NORMS FOR CLASSIFICATION, VALUATION, OPERATION OF INVESTMENT PORTFOLIO BY BANKS
CASH RESERVE RATIO (CRR) AND STATUTORY LIQUIDITY RATIO (SLR)
CAPITAL ADEQUACY
UNIT 6 KNOW YOUR CUSTOMER AND ANTI-MONEY LAUNDERING (KYC/AML)
STATUTORY, REGULATORY RESTRICTIONS AND GUIDELINES ON LOANS AND ADVANCES
STATUTORY RESTRICTIONS
PRIORITY SECTORS AND MICRO, SMALL & MEDIUM ENTERPRISES
UNIT 3 INTEREST RATES ON ADVANCES
UNIT 4 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
UNIT 2 EXPORT OF GOODS AND SERVICES
UNIT 3 EXTERNAL COMMERCIAL BORROWINGS
UNIT 4 FACILITIES TO RESIDENTS, NONRESIDENTS AND PERSONS OF INDIAN ORIGIN
UNIT 5 IMPORT OF GOODS AND SERVICES
UNIT 6 OPENING AND MAINTENANCE OF RUPEE/FOREIGN CURRENCY VOSTRO ACCOUNTS & RESIDENTS’/ NON-RESIDENTS’ ACCOUNTS
UNIT 7 REPORTING REQUIREMENTS RELATED TO FEMA
MODULE VI GUIDELINES ON CUSTOMER SERVICE AND OTHER FACILITIES
UNIT 1 REGULATORY GUIDELINES ON CUSTOMER SERVICE
UNIT 2 INTEREST RATES ON DEPOSITS
UNIT 3 FINANCIAL SERVICES
UNIT 4 ALTERNATIVE DELIVERY CHANNELS
MODULE VII
UNIT 1 ADDITIONAL QUESTIONS
UNIT 2 IMPORTANT ACTS
UNIT 3 INTERNATIONAL BEST PRACTICES IN COMPLIANcES
EXPORT OF GOODS AND SERVICES
UNIT 3 EXTERNAL COMMERCIAL BORROWINGS
UNIT 4 FACILITIES TO RESIDENTS, NONRESIDENTS AND PERSONS OF INDIAN ORIGIN
UNIT 5 IMPORT OF GOODS AND SERVICES
UNIT 6 OPENING AND MAINTENANCE OF RUPEE/FOREIGN CURRENCY VOSTRO ACCOUNTS & RESIDENTS’/ NON-RESIDENTS’ ACCOUNTS
UNIT 7 REPORTING REQUIREMENTS RELATED TO FEMA
MODULE VI GUIDELINES ON CUSTOMER SERVICE AND OTHER FACILITIES
UNIT 1 REGULATORY GUIDELINES ON CUSTOMER SERVICE
UNIT 2 INTEREST RATES ON DEPOSITS
UNIT 3 FINANCIAL SERVICES
UNIT 4 ALTERNATIVE DELIVERY CHANNELS
MODULE VII
UNIT 1 ADDITIONAL QUESTIONS
UNIT 2 IMPORTANT ACTS
UNIT 3 INTERNATIONAL BEST PRACTICES IN COMPLIANcES
UNIT 3 EXTERNAL COMMERCIAL BORROWINGS
UNIT 4 FACILITIES TO RESIDENTS, NONRESIDENTS AND PERSONS OF INDIAN ORIGIN
UNIT 5 IMPORT OF GOODS AND SERVICES
UNIT 6 OPENING AND MAINTENANCE OF RUPEE/FOREIGN CURRENCY VOSTRO ACCOUNTS & RESIDENTS’/ NON-RESIDENTS’ ACCOUNTS
UNIT 7 REPORTING REQUIREMENTS RELATED TO FEMA
MODULE VI GUIDELINES ON CUSTOMER SERVICE AND OTHER FACILITIES
UNIT 1 REGULATORY GUIDELINES ON CUSTOMER SERVICE
UNIT 2 INTEREST RATES ON DEPOSITS
UNIT 3 FINANCIAL SERVICES
UNIT 4 ALTERNATIVE DELIVERY CHANNELS
MODULE VII
UNIT 1 ADDITIONAL QUESTIONS
UNIT 2 IMPORTANT ACTS
UNIT 3 INTERNATIONAL BEST PRACTICES IN COMPLIANcES
FACILITIES TO RESIDENTS, NONRESIDENTS AND PERSONS OF INDIAN ORIGIN
UNIT 5 IMPORT OF GOODS AND SERVICES
UNIT 6 OPENING AND MAINTENANCE OF RUPEE/FOREIGN CURRENCY VOSTRO ACCOUNTS & RESIDENTS’/ NON-RESIDENTS’ ACCOUNTS
UNIT 7 REPORTING REQUIREMENTS RELATED TO FEMA
MODULE VI GUIDELINES ON CUSTOMER SERVICE AND OTHER FACILITIES
UNIT 1 REGULATORY GUIDELINES ON CUSTOMER SERVICE
UNIT 2 INTEREST RATES ON DEPOSITS
UNIT 3 FINANCIAL SERVICES
UNIT 4 ALTERNATIVE DELIVERY CHANNELS
MODULE VII
UNIT 1 ADDITIONAL QUESTIONS
UNIT 2 IMPORTANT ACTS
UNIT 3 INTERNATIONAL BEST PRACTICES IN COMPLIANcES
UNIT 5 IMPORT OF GOODS AND SERVICES
UNIT 6 OPENING AND MAINTENANCE OF RUPEE/FOREIGN CURRENCY VOSTRO ACCOUNTS & RESIDENTS’/ NON-RESIDENTS’ ACCOUNTS
UNIT 7 REPORTING REQUIREMENTS RELATED TO FEMA
MODULE VI GUIDELINES ON CUSTOMER SERVICE AND OTHER FACILITIES
UNIT 1 REGULATORY GUIDELINES ON CUSTOMER SERVICE
UNIT 2 INTEREST RATES ON DEPOSITS
UNIT 3 FINANCIAL SERVICES
UNIT 4 ALTERNATIVE DELIVERY CHANNELS
MODULE VII
UNIT 1 ADDITIONAL QUESTIONS
UNIT 2 IMPORTANT ACTS
UNIT 3 INTERNATIONAL BEST PRACTICES IN COMPLIANcES
UNIT 6 OPENING AND MAINTENANCE OF RUPEE/FOREIGN CURRENCY VOSTRO ACCOUNTS & RESIDENTS’/ NON-RESIDENTS’ ACCOUNTS
UNIT 7 REPORTING REQUIREMENTS RELATED TO FEMA
MODULE VI GUIDELINES ON CUSTOMER SERVICE AND OTHER FACILITIES
UNIT 1 REGULATORY GUIDELINES ON CUSTOMER SERVICE
UNIT 2 INTEREST RATES ON DEPOSITS
UNIT 3 FINANCIAL SERVICES
UNIT 4 ALTERNATIVE DELIVERY CHANNELS
MODULE VII
UNIT 1 ADDITIONAL QUESTIONS
UNIT 2 IMPORTANT ACTS
UNIT 3 INTERNATIONAL BEST PRACTICES IN COMPLIANcES
UNIT 7 REPORTING REQUIREMENTS RELATED TO FEMA
MODULE VI GUIDELINES ON CUSTOMER SERVICE AND OTHER FACILITIES
UNIT 1 REGULATORY GUIDELINES ON CUSTOMER SERVICE
UNIT 2 INTEREST RATES ON DEPOSITS
UNIT 3 FINANCIAL SERVICES
UNIT 4 ALTERNATIVE DELIVERY CHANNELS
MODULE VII
UNIT 1 ADDITIONAL QUESTIONS
UNIT 2 IMPORTANT ACTS
UNIT 3 INTERNATIONAL BEST PRACTICES IN COMPLIANcES
MODULE VI GUIDELINES ON CUSTOMER SERVICE AND OTHER FACILITIES
UNIT 1 REGULATORY GUIDELINES ON CUSTOMER SERVICE
UNIT 2 INTEREST RATES ON DEPOSITS
UNIT 3 FINANCIAL SERVICES
UNIT 4 ALTERNATIVE DELIVERY CHANNELS
MODULE VII
UNIT 1 ADDITIONAL QUESTIONS
UNIT 2 IMPORTANT ACTS
UNIT 3 INTERNATIONAL BEST PRACTICES IN COMPLIANcES
UNIT 1 REGULATORY GUIDELINES ON CUSTOMER SERVICE
UNIT 2 INTEREST RATES ON DEPOSITS
UNIT 3 FINANCIAL SERVICES
UNIT 4 ALTERNATIVE DELIVERY CHANNELS
MODULE VII
UNIT 1 ADDITIONAL QUESTIONS
UNIT 2 IMPORTANT ACTS
UNIT 3 INTERNATIONAL BEST PRACTICES IN COMPLIANcES
UNIT 4 FACILITIES TO RESIDENTS, NONRESIDENTS AND PERSONS OF INDIAN ORIGIN
UNIT 5 IMPORT OF GOODS AND SERVICES
UNIT 6 OPENING AND MAINTENANCE OF RUPEE/FOREIGN CURRENCY VOSTRO ACCOUNTS & RESIDENTS’/ NON-RESIDENTS’ ACCOUNTS
UNIT 7 REPORTING REQUIREMENTS RELATED TO FEMA
MODULE VI GUIDELINES ON CUSTOMER SERVICE AND OTHER FACILITIES
UNIT 1 REGULATORY GUIDELINES ON CUSTOMER SERVICE
UNIT 2 INTEREST RATES ON DEPOSITS
UNIT 3 FINANCIAL SERVICES
UNIT 4 ALTERNATIVE DELIVERY CHANNELS
MODULE VII
UNIT 1 ADDITIONAL QUESTIONS
UNIT 2 IMPORTANT ACTS
UNIT 3 INTERNATIONAL BEST PRACTICES IN COMPLIANcES
UNIT 3 FINANCIAL SERVICES
UNIT 4 ALTERNATIVE DELIVERY CHANNELS
MODULE VII
UNIT 1 ADDITIONAL QUESTIONS
UNIT 2 IMPORTANT ACTS
UNIT 3 INTERNATIONAL BEST PRACTICES IN COMPLIANcES
UNIT 2 EXPORT OF GOODS AND SERVICES
UNIT 3 EXTERNAL COMMERCIAL BORROWINGS
UNIT 4 FACILITIES TO RESIDENTS, NONRESIDENTS AND PERSONS OF INDIAN ORIGIN
UNIT 5 IMPORT OF GOODS AND SERVICES
UNIT 6 OPENING AND MAINTENANCE OF RUPEE/FOREIGN CURRENCY VOSTRO ACCOUNTS & RESIDENTS’/ NON-RESIDENTS’ ACCOUNTS
UNIT 7 REPORTING REQUIREMENTS RELATED TO FEMA
MODULE VI GUIDELINES ON CUSTOMER SERVICE AND OTHER FACILITIES
UNIT 1 REGULATORY GUIDELINES ON CUSTOMER SERVICE
UNIT 2 INTEREST RATES ON DEPOSITS
UNIT 3 FINANCIAL SERVICES
UNIT 4 ALTERNATIVE DELIVERY CHANNELS
MODULE VII
UNIT 1 ADDITIONAL QUESTIONS
UNIT 2 IMPORTANT ACTS
UNIT 3 INTERNATIONAL BEST PRACTICES IN COMPLIANcES
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, NONRESIDENTS AND PERSONS OF INDIAN ORIGIN
UNIT 5 IMPORT OF GOODS AND SERVICES
UNIT 6 OPENING AND MAINTENANCE OF RUPEE/FOREIGN CURRENCY VOSTRO ACCOUNTS & RESIDENTS’/ NON-RESIDENTS’ ACCOUNTS
UNIT 7 REPORTING REQUIREMENTS RELATED TO FEMA
MODULE VI GUIDELINES ON CUSTOMER SERVICE AND OTHER FACILITIES
UNIT 1 REGULATORY GUIDELINES ON CUSTOMER SERVICE
UNIT 2 INTEREST RATES ON DEPOSITS
UNIT 3 FINANCIAL SERVICES
UNIT 4 ALTERNATIVE DELIVERY CHANNELS
MODULE VII
UNIT 1 ADDITIONAL QUESTIONS
UNIT 2 IMPORTANT ACTS
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, NONRESIDENTS AND PERSONS OF INDIAN ORIGIN
UNIT 5 IMPORT OF GOODS AND SERVICES
UNIT 6 OPENING AND MAINTENANCE OF RUPEE/FOREIGN CURRENCY VOSTRO ACCOUNTS & RESIDENTS’/ NON-RESIDENTS’ ACCOUNTS
UNIT 7 REPORTING REQUIREMENTS RELATED TO FEMA
MODULE VI GUIDELINES ON CUSTOMER SERVICE AND OTHER FACILITIES
UNIT 1 REGULATORY GUIDELINES ON CUSTOMER SERVICE
UNIT 2 INTEREST RATES ON DEPOSITS
UNIT 3 FINANCIAL SERVICES
UNIT 4 ALTERNATIVE DELIVERY CHANNELS
MODULE VII
UNIT 1 ADDITIONAL QUESTIONS
UNIT 2 IMPORTANT ACTS
INTERNATIONAL BEST PRACTICES IN COMPLIANcES
Annexure III : Submission of Quarterly Certificateby the Branches/Other Operating Units to the RO for Compliance of Various Regulatory/Internal Guidelines
Annexure IV : Submission of Quarterly Certificate by the Compliance Officer of RO to Compliance Dept. CO - To be signed by Regional Head
