I qualified CAIIB in my first attempt...u r lectures are short and informative...u r classes directly talking about the important points in the subject. Without discussing unnecessary things.... thank you sir
Sir it's known that for forgery of signature neither collecting nor paying bank can get protection. My question is that collecting banker can't check the signature at all so any doubt on seeing the signature never arises in the mind of the collecting banker so how can a collecting bank protect itself from this forgery?
Dear Sir, This is the problem with current banking scenario. If there is negligence both by the Paying Banker and the Collecting Banker. The relationship between the victim and the bank exists at the paying banker’s level and the Paying Banker by virtue of not being able to identify the material alteration is liable to compensate the drawer of the cheque even if the signature is genuine. The Collecting Banker is liable to the Paying Banker for not being able to detect the material alteration and for failing to do a proper KYC on the fraudster and contributing to the crime. Now what can be done? For this only CTS is developed and Postive Pay system is developed. Customers get message in advance for any cheque presented and tine is also given to them to Stop Payment. So if cheque is paid then its liability of customer also for his ignorance about the message. Thanks
Get your JAIIB Resources as per your needs - [JAIIB 2021] Masters Pack imojo.in/4cax3e5 [JAIIB 2021 COMBO Pack] imojo.in/3e0p9p [JAIIB 2021 Question Bank] Principles and Practices of Banking 1000 Series imojo.in/86mp39 [JAIIB 2021 Question Bank] Accounting and Finance for Bankers 1000 Series - imojo.in/emtyvp [JAIIB 2021 Question Bank] Legal and Regulatory Aspects of Banking - imojo.in/3hjlai [JAIIB 2021] Secret Sauce (Pointwise, Summarised Notes) imojo.in/3mu2g08 [JAIIB 2021] Case Studies in Banking and Rationale - imojo.in/11ffrj Thanks
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I qualified CAIIB in my first attempt...u r lectures are short and informative...u r classes directly talking about the important points in the subject. Without discussing unnecessary things.... thank you sir
Thanks and welcome. All the best for your career ahead.
Sir kindly clarify section 85 in case of protection for forged instrument
How come collecting nd paying bank liable then
Very good explanation
Sir it's known that for forgery of signature neither collecting nor paying bank can get protection. My question is that collecting banker can't check the signature at all so any doubt on seeing the signature never arises in the mind of the collecting banker so how can a collecting bank protect itself from this forgery?
Dear Sir,
This is the problem with current banking scenario.
If there is negligence both by the Paying Banker and the Collecting Banker. The relationship between the victim and the bank exists at the paying banker’s level and the Paying Banker by virtue of not being able to identify the material alteration is liable to compensate the drawer of the cheque even if the signature is genuine.
The Collecting Banker is liable to the Paying Banker for not being able to detect the material alteration and for failing to do a proper KYC on the fraudster and contributing to the crime.
Now what can be done?
For this only CTS is developed and Postive Pay system is developed.
Customers get message in advance for any cheque presented and tine is also given to them to Stop Payment.
So if cheque is paid then its liability of customer also for his ignorance about the message.
Thanks
After buying when I will receive this hard copy
4-7 working days from date of dispatch.
Thanks.
Jaiib course material price sir
Get your JAIIB Resources as per your needs -
[JAIIB 2021] Masters Pack imojo.in/4cax3e5
[JAIIB 2021 COMBO Pack] imojo.in/3e0p9p
[JAIIB 2021 Question Bank] Principles and Practices of Banking 1000 Series
imojo.in/86mp39
[JAIIB 2021 Question Bank] Accounting and Finance for Bankers 1000 Series -
imojo.in/emtyvp
[JAIIB 2021 Question Bank] Legal and Regulatory Aspects of Banking -
imojo.in/3hjlai
[JAIIB 2021] Secret Sauce (Pointwise, Summarised Notes) imojo.in/3mu2g08
[JAIIB 2021] Case Studies in Banking and Rationale - imojo.in/11ffrj
Thanks