Taxmann’s Compliance in Banks By IIBF.

Taxmann’s Compliance in Banks By IIBF.

Description :-

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 2^nd 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

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