B.Com. (Banking and Insurance) Laws Governing Banking and Insurance Syllabus - Mumbai University
This is the SY BBI syllabus under NEP 2020, in force from the academic year 2025-26. The University still sets the earlier Choice Based papers alongside it for ATKT candidates, so check which scheme your exam form names before you revise.
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Syllabus for Laws Governing Banking and Insurance
Module I: Banking Laws and Regulatory Framework ( important sections only)
- Unit 1: Banking Regulations and Governing Acts: Banking Regulation Act, 1949, Reserve Bank of India Act, 1934, Negotiable Instruments Act, 1881, Prevention of Money Laundering Act (PMLA), 2002
- Unit 2: Role of Regulatory Authorities in Banking: Role and functions of the Reserve Bank of India (RBI), SEBI’s influence on financial regulations, Banking Ombudsman Scheme and consumer protection laws
Module II: Insurance Laws and Compliance in Financial Services ( important sections only)
- Unit 1: Key Insurance Laws and Regulations: Insurance Act, 1938, IRDAI Act, 1999 and its regulatory framework, Motor Vehicles Act, 1988 (for third-party insurance), Consumer Protection Act, 2019 and its relevance to insurance
- Unit 2: Compliance, Ethics, and Legal Challenges: Regulatory framework of the Insurance Regulatory and Development Authority of India (IRDAI), Corporate governance in banking and insurance, Legal implications of fraud, cybercrimes, and data protection in financial services
Reference Books
- 1 Banking Law and Practice by M.L. Tannan
- 2 Indian Banking and Insurance Laws by P.K. Sharma
- 3 Principles of Insurance Law by O.P. Agarwal
- 4 Legal Aspects of Banking & Insurance by M.S. Parthasarathy
- 5 Handbook on Banking and Insurance Laws by V. R. S. S. Tiwari
Reproduced from the University of Mumbai syllabus for B.Com. (Banking & Insurance) under NEP 2020, in force from the academic year 2025-26. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.