IIBF X Taxmann's Compliance in Banks – Simplifies Complex Banking Regulations—Covering Basel III to Digital Banking—in a Structured | Practical Guide for Professionals | Academics | Risk Specialists

This book is intended for the following audience:

• Banking Professionals – Executives, managers, and practitioners seeking a comprehensive reference on domestic and international banking regulations

• Compliance Officers and Auditors – Those responsible for designing, monitoring, and enforcing internal control frameworks

• Students and Academics – Individuals enrolled in banking and finance courses, particularly those preparing for professional certifications like the Certified Banking Compliance Professional (CBCP)

• Regulatory and Risk Management Specialists – Professionals focused on navigating risk-based supervision and mitigating operational, credit, and market risks within financial institutions

The Present Publication is the 2025 Edition, updated by Mr P.S. Khandelwal (Former Chief Compliance Officer – IndusInd Bank) and vetted by Prof. (Dr.) Satyajit Dhar (Department of Business Administration – University of Kalyani, West Bengal). Taxmann exclusively publishes this book for the Indian Institute of Banking and Finance [for the Certified Banking Compliance Professional (CBCP)] with the following noteworthy features:

• [Regulatory Clarity] Breaks down intricate regulations, including Basel III, prudential norms, large-exposure limits, FEMA guidelines, etc., into easily understandable sections

• [Practical Approach] Offers case studies and examples that demonstrate how to interpret and implement regulatory guidelines

• [Comprehensive Coverage] Addresses every facet of bank operations—from deposit management to foreign exchange, digital banking, and beyond—ensuring a holistic compliance framework

• [Expert Insights] Developed in consultation with subject matter experts, reviewers, and industry stakeholders to offer authoritative guidance

• [Structured Learning] Aligns with the CBCP course curriculum, providing a streamlined journey through essential compliance topics

The content encompasses a broad range of regulations and operational standards that banks must comply with. The key areas include:

• Regulation and Supervision of Banks (Module I)

o Explores financial-sector regulations, statutory frameworks, and supervisory bodies that oversee banks

• Risk Management in Banks (Module II)

o Covers Basel III capital-adequacy norms, risk-based supervision, and various categories of risk such as market, credit, and operational risks

• Compliance Functions (Module III)

o Examines governance structures, roles and responsibilities of the Board and the Chief Compliance Officer, and strategies for building a strong compliance culture

• Guidelines on Loans and Advances (Module IV)

o Addresses statutory restrictions, large-exposure norms, retail lending products, and prudential norms for income recognition and asset classification

• Foreign Currency Operations Under FEMA (Module V)

o Provides an in-depth look at foreign exchange-related regulations, including export-import guidelines, external commercial borrowings, and overseas investments

• Guidelines on Deposits/Other Services & Digital Banking (Module VI)

o Discusses operational aspects of deposit accounts, remittance services, electronic payments, agency banking, and digital banking channels

• Customer Services and Protection (Module VII)

o Reviews KYC/AML norms, guidelines on customer service, IT security and outsourcing standards, as well as fraud and vigilance frameworks

• Other Important Regulations and Guidelines (Module VIII)

o Features disclosure requirements, statutory returns, key RBI circulars, and updates on recent RBI reports

• Important Laws Relevant for Banks (Module IX)

o Summarises major laws impacting bank business activities, organisational structures, and support functions alongside illustrative case studies

• International Best Practices in Compliances (Module X)

o Highlights global compliance trends, best practices, and their relevance to domestic banking operations

• Additionally, annexures provide perspectives on banking supervision and practical insights into the day-to-day functioning of a compliance department

The structure of the book is as follows:

• Modular Layout – Ten modules, each focused on a distinct area of banking compliance, allowing readers to navigate seamlessly from foundational topics to advanced concepts

• Unit-based Chapters – Each module is broken down into specific units that tackle particular regulatory aspects—making it easier to reference rules and guidelines

• Annexures and Case Studies – Supplementary sections offer deeper analyses, best practices, and practical applications, making the material highly practical