Banking: History, Law and Practice/Lalit Lilothia. New Delhi, Cyber Tech Pub., 2009, viii, 344 p., ISBN 81-7888-448-0. 

    Contents: Preface. 1. Introduction. 2. History of banking. 3. Essential banking law and practice. 4. Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. 5. The Banking Regulation Act, 1949. 6. Amendments to the Banking Regulation Act, 1949. 7. Business of banking companies. 8. The relationship between banker and customer. 9. Modern Commerce, modern banking and e-Commerce. Bibliography. Index. 

    "The changing economic environment has a significant impact on banks and thrifts as they struggle to effectively manage their interest rate spread in the face of low rates on loans, rate competition for deposits and the general market changes, industry trends and economic fluctuations. It has been a challenge for banks to effectively set their growth strategies with the recent economic market. A rising interest rate environment may seem to help financial institutions, but the effect of the changes on consumers and businesses is not predictable and the challenge remains for banks to grow and effectively manage the spread to generate a return to their shareholders." (jacket)  

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