To the Twenty First Edition We have pleasure in presenting this revised edition of Banking Theory, Law and Practice to the student community. In Part I of the book which deals with the theory of Banking and Indian Banking, chapters incorporate the latest developments in more precise form. The latest developments regarding CRR and Statutory Liquidity Ratio and Liquidity Adjustment Facility have been duly incorporated. Chapter on Financial Institutions has also been revised to incorporate their present position. In Part IV of the book, we have added two new chapters on Ancillary Services of a Banker & Customers Grievances and Redressal, which have gained considerable significance in recent years. Recent developments in the field of banking have also been included, e.g., establishment of Small Finance Banks and Payment Banks, amalgamations in the banking sector, Pradhan Mantri Jan Dhan Yojana, Sukanya Samriddhi Yojana, Loan System for delivery of bank credit, etc. have been duly explained. It is hoped that this edition will prove useful to those for whom it is meant. K.P.M. SUNDHARAM P.N. VARSHNEY