Banking Theory and Practice, 21/e

Banking Theory and Practice, 21/e

Authors : K C Shekhar & Lekshmy Shekhar

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About the Author

K C Shekhar :- K C Shekhar, retired as Professor from the Department of Postgraduate Studies in Commerce and Management, St Thomas College, Trichur, and is at present, Professor and Head, Department of Accounting and Finance, University of Zambia. He is a Fellow of the Royal Society of Commerce (Wigan, UK) and a Member of the British Institute of Management (London). He is also an Educational Associate Member of the Institute of Internal Auditors (Florida, USA).

Lekshmy Shekhar :- Lekshmy Shekhar,is a Manager, Global Enterprise Systems Support – SAP Finance, Discovery Communications Inc., Washington, DC, USA. She is a qualified as a chartered accountant, who graduated in commerce from the University of Kerala, where she was a rank holder. In 1992, she joined Yokogawa Blue Star, Bengaluru, an Indo-Japanese collaborative company as the Deputy General Manager, Finance, till she left for the US to join Discovery Communications Inc., Washington, DC.

About the Book

Banking Theory and Practice covers the entire gamut of topics in the field of banking-from its evolution to the latest trends. The Indian banking system is undergoing unprecedented changes as a result of new legislations and reforms in response to the contemporary needs. The present edition has kept pace with these developments, including the changes in legislation, growing globalization of banking, as well as the expansion of the banking business to meet the needs of customers for a wider range of services. The book, which was initially aimed to serve the needs of undergraduate students, has over the years deepened and widened in both scope and contents. It is now an essential resource not only for undergraduate students, but also for professional bankers and those who pursue more advanced and practically oriented studies on the subject.


  • Evolution of Banking Institutions
  • Commercial Banking
  • Central Banking
  • The Indian Joint-Stock Banks
  • Commercial Banks and Industrial Finance
  • Commercial Banks and Priority Sectors
  • Banking Legislations and Reforms I
  • Banking Legislations and Reforms II
  • Micro-finance
  • Changing Dimensions of Regulatory and Supervisory Framework
  • Factoring Services
  • Merchant Banking
  • Changing Profile of Indian Banking
  • The Foreign Banks
  • The Indigenous Bankers and the Moneylenders
  • Non-Banking Financial Institutions
  • Cooperative Banking
  • The State Bank of India
  • The Reserve Bank of India
  • The Money Market
  • Financial Stability
  • The English Banking System
  • The American Banking System
  • Principles of Foreign Exchange
  • The International Monetary Fund and the International Bank for Reconstruction and Development
  • Banker and Customer
  • Accounts of Customers
  • Cheques
  • Promissory Notes
  • The Paying Banker
  • The Collecting Banker
  • Customer’s Pass Book
  • Loans and Advances I
  • Loans and Advances II

Key Features

  • Subject matter thoroughly revised and statistical data updated
  • Covers the move towards universal banking, virtual banking, green banking
  • Includes flexi bank accounts and speed clearing
  • Covers Banking Laws (Amendment) Act, 2011
  • A new chapter on Financial Stability, especially in the Indian context
  • Covers changes in the operating procedure of monetary policy
  • Payments and settlement system and its development in India, including introduction of NEFT, CTS, National ECS, MICR cheques and RTGS
  • Learning objectives at the beginning of each chapter
  • Summary and review questions at the end of each chapter