Banker

Any person carrying on the business of banking is a banker.

Banker includes a body of persons whether incorporated or not, who carry on business of banking

A banker is dealer in debts-his own and of other people.

Qualities of a successful banker

General education and knowledge

Specialized knowledge of banking

Knowledge of management

Experience

Developed mentality

Eagerness of serving

Communication skill

Physical and mental abilities

Sharp intelligence

Power to motivate

Honesty and sincerity

Devotion of work leads man to the pinnacle of gory.

Innovative power

Timeliness

Pleasant personality

General relationship between banker and customer

Relationship as debtor and creditor

Banker as trustee

Banker as agent

Obligation of a banker

Obligation to honor the cheques

Obligation to maintain secrecy of account

Banker’s rights

Rights of general lien

Special features of a bankers right of general lien

Exceptions to the right of general lien

Right of set off

Banker’s right of appropriation

Right to charge interest, incidental charge, etc.

Period of limitation