APPLIED BANKING (APRIL DIET)

Course Overview: Applied Banking

This course delivers a structured and practice-oriented exploration of applied banking, equipping learners with the knowledge, tools, and professional judgment required to understand and operate within modern financial institutions. It blends theoretical foundations with applied techniques, preparing candidates for professional banking examinations and real-world responsibilities in banking operations, customer service, and financial intermediation. Designed for banking professionals, finance students, and practitioners, the course bridges academic concepts with industry practice to strengthen technical competence, regulatory awareness, and operational insight.

Learners will gain insights into:

• Purpose and Functions of Banks: financial intermediation, payment systems, monetary policy implementation, and economic development.
• Banker–Customer Relationship: rights, duties, obligations, and ethical considerations in service delivery.
• Principles of Lending: lending codes, canons of good lending, credit appraisal, and risk assessment.
• Banking Products and Services: savings, current, fixed deposit, loan accounts, corporate accounts, advisory and trustee services.
• Customer Account Operations: opening, maintenance, closure, dormant accounts, and treatment of deceased customers.
• Lending and Securities Concepts: collateral types, guarantees, indemnities, bonds, credit scoring, and agricultural credit schemes.
• Technology in Banking: cheques, online banking, EFTPOS, agent banking, debit and credit cards, and digital innovations.
• Financial Systems Fundamentals: Nigerian economic and financial systems, central banking, money and capital markets, and regulatory institutions.
• Interest and Exchange Rate Policies: structures, parity models, yield curves, and monetary policy instruments.
• Market Integration and Funds Diversity: derivatives, mutual funds, hedge funds, ETFs, and distinctions between savings and investments.
• Negotiable Instruments and Payment Systems: cheques, promissory notes, NIBSS, electronic payments, and Treasury Single Account (TSA).
• Management of Financial Institutions: regulatory bodies (CBN, NDIC, SEC, NSE, PENCOM, NAICOM), corporate financial planning, and governance.
• Bank Performance Fundamentals: liquidity management, capital adequacy, profitability measures, solvency, and risk management.
• Deposit Insurance: NDIC functions, depositor protection, and resolution of bank failures.
• Training and Public Relations in Banking: manpower development, PR strategies, and customer perception management.