The Indian financial sector has changed rapidly in the recent years. In view of the technological changes and innovations taking place in the Banking and Insurance sector, the present book covers the topics by providing the essential information.
The textbook on Banking and Insurance Services for BBA Final Year students has been designed to familiarize students with basic concepts and latest trends in Banking and Insurance.
Units I, II and III provide knowledge about Commercial Banks and the Reserve Bank – their role and functioning. The emerging role of banks in economic development and reforms in the banking sector have been covered in depth. A detailed understanding about Banker and Customer, all aspects related to Banker and Customer relationship, loans and advances, crossing of cheques, types of banks and latest trends and innovations taking place in the Banking sector have been explained.
Units IV and V incorporate topics related to the meaning, role, principles, functioning, importance of Insurance sector in India and the role of regulatory authority, IRDA, in ensuring and facilitating a proper functioning of Insurance business in India. Topic related to Life Insurance has been covered and an in-depth explanation about different types of life insurance products has been provided. Types of General Insurance policies and their features have been explained in detail.
Contents –
1. Introduction to Banking
2. Banker-customer Relationship
3. Regulation and Innovation in Banking System
4. Introduction to Insurance
5. Life and General Insurance
