Let $A$ be a Banach algebra, $\Omega(A)$ be the character space of $A$ and $\alpha\in\Omega(A)$. In this paper, we examine the characteristics of $\alpha$-projective (injective) $A$-modules and demonstrate that these character-based $A$-modules also satisfy well-known classical homological properties on Banach $A$-modules.

It is shown that each almost maximal valuation ring R, such that every indecomposable injective R-module is countably generated, satisfies the following condition (C): each fp-injective R-module is locally injective. The converse holds if R is a domain. Moreover, it is proved that a valuation ring R that satisfies this condition (C) is almost maximal. The converse holds if Spec(R) is countable....