• Welcome to Naomi Komen Gnomio Site

    TANDUI ADMINISTRATION BLOCK

    Mission:
    “To provide affordable, high-quality education to empower students for success.”

    Vision:
    “To become a global leader in accessible and innovative learning.”

    Value statements

    • Excellence in teaching and learning
    • Integrity and honesty
    • Respect for diversity
    • Lifelong learning
    • Accountability and responsibility
    )

Available courses

Economics

This course introduces students to the basic principles of Economics in Business. It covers topics such as demand and supply, production, and how resources are used to satisfy human wants.

Banking law

Chapter One: Introduction to Banking Law in Kenya
Meaning of Banking
Accepting deposits from the public
Lending money
Providing financial services
Main Laws Governing Banking in Kenya
Banking Act – Main law regulating banks
Central Bank of Kenya Act – Establishes the Central Bank
Central Bank of Kenya (CBK) – Supervises and regulates banks
Bills of Exchange Act – Governs cheques and negotiable instruments
Role of Central Bank of Kenya (CBK)
Licenses banks
Supervises banking institutions
Ensures financial stability
Controls monetary policy
Chapter Two: Relationship Between Banker and Customer
Definition of Customer
A person who has an account with a bank.
Legal Relationship
Mainly Debtor–Creditor:
When you deposit money → Bank owes you
When you borrow money → You owe the bank
Duties of a Banker
Duty of confidentiality
Duty to honour valid cheques
Duty to act with reasonable care
Rights of a Banker
Right of lien
Right of set-off
Right to charge interest
Chapter Three: Negotiable Instruments (Kenya)
Governed by the Bills of Exchange Act.
Types of Negotiable Instruments
Cheque – Order to a bank to pay money
Bill of Exchange – Written order to pay money
Promissory Note – Written promise to pay money
Dishonour of Cheque
Happens when there are insufficient funds or other legal reasons.
May lead to legal consequences.

Physchology

BANKING LAW

Banking Law refers to the set of rules and regulations that govern the operations of banks and financial institutions. It ensures that banking activities are conducted safely, fairly, and in a manner that protects customers and the financial system.