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PPB Capsule Cards PRO Responsibility of Paying …
In Bank of Bihar vs Mahabir Lal, why was the bank held liable when it handed the cash to a known employee (Potdar) who absconded?
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Bank of Bihar vs Mahabir Lal
Responsibility of Paying Bank 47
WA 47
PPB Capsule Cards PRO Responsibility of Paying …
If a customer drops a bearer cheque in the post and it is intercepted and cashed by a thief, is the paying bank liable?
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Brahma Shumshere Case (Intercepted Cheques)
Responsibility of Paying Bank 45
WA 45
PPB Capsule Cards PRO Responsibility of Paying …
In a jointly operated account, what happens if a cheque is passed where one signature is genuine but the other is forged?
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Joint Account Forgeries
Responsibility of Paying Bank 44
WA 44
PPB Capsule Cards PRO Responsibility of Paying …
What did the Supreme Court establish in the Canara Bank vs Canara Sales Corp case regarding a forged drawer's signature?
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Liability for Forged Signatures
Responsibility of Paying Bank 43
WA 43
PPB Capsule Cards PRO Responsibility of Paying …
To seek legal protection for paying a cheque, a bank must ensure payment is 'in due course'. What does this mean in practice?
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Payment in Due Course Requirement
Responsibility of Paying Bank 41
WA 41
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PPB Capsule Cards PRO Responsibility of Paying …
Does the protection given to paying bankers for forged endorsements on cheques also apply to Bank Drafts?
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Sec 85A - Protection for Drafts
Responsibility of Paying Bank 41
WA 41
PPB Capsule Cards PRO Responsibility of Paying …
If a cheque's amount is chemically altered by a fraudster, how does Section 89 protect the paying banker?
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Material Alteration Protection (Sec 89)
Responsibility of Paying Bank 40
WA 40
PPB Capsule Cards PRO Responsibility of Paying …
If a bank clears a forged cheque by mistake, can it later recover the money from an innocent collecting bank or payee?
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Payment by Mistake Recovery
Responsibility of Paying Bank 40
WA 40
PPB Capsule Cards PRO Responsibility of Paying …
Under Section 31 of the NI Act, what is the fundamental duty of the paying bank towards the drawer of the cheque?
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Paying Bank's Statutory Duty
Responsibility of Paying Bank 39
WA 39
PPB Capsule Cards PRO Responsibility of Paying …
In the Automotive Engineering case, why was the bank absolved of negligence despite paying a chemically altered cheque?
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Bank of Maharashtra vs Automotive Engg
Responsibility of Paying Bank 39
WA 39
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PPB Capsule Cards PRO Responsibility of Paying …
Under Sec 31, what constitutes 'sufficient funds' that obligate a bank to honour a customer's cheque?
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Sufficient Funds Definition
Responsibility of Paying Bank 39
WA 39
PPB Capsule Cards PRO Responsibility of Paying …
What is the legal boundary for a bank clerk when passing a cheque with a suspected forged signature?
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Apparent vs Covert Forgeries
Responsibility of Paying Bank 36
WA 36
PPB Capsule Cards PRO Responsibility of Paying …
Does a customer have a legal obligation to inform the bank if they discover their cheque book is lost or signatures are being forged?
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Customer's Duty to Inform Bank
Responsibility of Paying Bank 34
WA 34
PPB Capsule Cards PRO Responsibility of Paying …
Is a paying banker legally required to verify the genuineness of the payee's endorsement before clearing an order cheque?
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Endorsement Genuineness
Responsibility of Paying Bank 32
WA 32
PPB Capsule Cards PRO Responsibility of Paying …
What was the court's view on banks paying cheques where chemical alterations to the amount were visible but ignored by staff?
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Tanjore Permanent Bank Case
Responsibility of Paying Bank 32
WA 32
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Who holds the right to sue the paying bank if it wrongfully dishonours a cheque despite having sufficient funds?
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Wrongful Dishonour Penalty
Responsibility of Paying Bank 32
WA 32
PPB Capsule Cards PRO Responsibility of Paying …
What happens if a bank teller pays a cheque without verifying the account number and name written on the deposit slip?
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Negligence in Payment
Responsibility of Paying Bank 32
WA 32
PPB Capsule Cards PRO Responsibility of Paying …
If a customer delays checking their passbook and a series of forged cheques are cleared, is the bank absolved of liability?
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Bareilly Bank vs Naval Kishore
Responsibility of Paying Bank 32
WA 32
PPB Capsule Cards PRO Responsibility of Paying …
If a customer issues a cheque crossed 'Account Payee', what happens if the paying bank pays it in cash over the counter?
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Crossed Cheque Payment Rules
Responsibility of Paying Bank 31
WA 31
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Responsibility of Paying Bank — JAIIB PPB Capsules

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All 19 cards on this page
Bank of Bihar vs Mahabir Lal In Bank of Bihar vs Mahabir Lal, why was the bank held liable when it handed the cash to a known employe… Brahma Shumshere Case (Intercepted Cheques) If a customer drops a bearer cheque in the post and it is intercepted and cashed by a thief, is the payi… Joint Account Forgeries In a jointly operated account, what happens if a cheque is passed where one signature is genuine but the… Liability for Forged Signatures What did the Supreme Court establish in the Canara Bank vs Canara Sales Corp case regarding a forged dra… Payment in Due Course Requirement To seek legal protection for paying a cheque, a bank must ensure payment is 'in due course'. What does t… Sec 85A - Protection for Drafts Does the protection given to paying bankers for forged endorsements on cheques also apply to Bank Drafts? Material Alteration Protection (Sec 89) If a cheque's amount is chemically altered by a fraudster, how does Section 89 protect the paying banker? Payment by Mistake Recovery If a bank clears a forged cheque by mistake, can it later recover the money from an innocent collecting… Paying Bank's Statutory Duty Under Section 31 of the NI Act, what is the fundamental duty of the paying bank towards the drawer of th… Bank of Maharashtra vs Automotive Engg In the Automotive Engineering case, why was the bank absolved of negligence despite paying a chemically… Sufficient Funds Definition Under Sec 31, what constitutes 'sufficient funds' that obligate a bank to honour a customer's cheque? Apparent vs Covert Forgeries What is the legal boundary for a bank clerk when passing a cheque with a suspected forged signature? Customer's Duty to Inform Bank Does a customer have a legal obligation to inform the bank if they discover their cheque book is lost or… Endorsement Genuineness Is a paying banker legally required to verify the genuineness of the payee's endorsement before clearing… Tanjore Permanent Bank Case What was the court's view on banks paying cheques where chemical alterations to the amount were visible… Wrongful Dishonour Penalty Who holds the right to sue the paying bank if it wrongfully dishonours a cheque despite having sufficien… Negligence in Payment What happens if a bank teller pays a cheque without verifying the account number and name written on the… Bareilly Bank vs Naval Kishore If a customer delays checking their passbook and a series of forged cheques are cleared, is the bank abs… Crossed Cheque Payment Rules If a customer issues a cheque crossed 'Account Payee', what happens if the paying bank pays it in cash o…
Chapters in this paper
Banker-Customer Relationship Principles of Lending, Different Types of Borrowers, and Types of Credit Facilities Essentials of Bank Computerisation Ethics, Business Ethics & Banking: An Integrated Perspective AML- KYC Guidelines Appraisal and Assessment of Credit Facilities Operational Aspects of CBS Environment Ethics at the Individual Level Operational Aspects of KYC Operational Aspects of Loan Accounts Alternate Delivery Channels – Digital Banking Ethical Dimensions: Employees Opening Accounts of Various Types of Customers Types of Collaterals and their Characteristics Data Communication Network and EFT Systems Work Ethics and the Workplace
Modules in PPB
MODULE A: General Banking Operations MODULE B: Functions of Banks MODULE C: Banking Technology MODULE D: Ethics in Banks and Financial Institutions
JAIIB papers
IE-IFS — Indian Economy & Indian Financial System PPB — Principles & Practices of Banking AFM — Accounting & Financial Management for Bankers RBWM — Retail Banking & Wealth Management
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