Banking system is the arteries of an economy which manage the smooth flows of money, involving converting savings into investments. With the passage of time, insurance industry has emerged as an alternate mechanism to banking system with different operations but same objective of mobilizations of savings into investments. Besides support to industries and contribution to national income, these are the two major sectors generating employment opportunities that necessitate undergraduate students to have knowledge thereon. The present text entitled “Essentials of Banking and Insurance” is an attempt to provide an insight on fundamental principles, functioning, and related key concepts thereto. The present text is designed keeping in mind the syllabi requirements of the Discipline Specific Elective (DSE) Paper: BCH 5.4 Group A (d) of B.Com (Hons.)-V Semester, and Paper: BC 6.1 (b) of B.Com under Choice Based Credit System (CBCS), of University of Delhi. The scheme of chapters has been set in a manner so that readers could connect erudition gained in different topics. To make easy, difficult topics have been shown with the help of figures and tables. Various illustrations are also given to understand the difficult topic in easy way. At the end of each chapter, key points are given to comprehend the learning. The book covers a wide range of topics such as , KYC, BASEL, Credit Allocation, Off Balance Sheet items, Reinsurance, and IRDAI.
This book Useful for B.Com Student.
1. Concept And Need Of Banking
2. Types Of Customers And Deposit Accounts
3. Banking Sector Reforms
4. Role And Functions Of Commercial Banks
5. Credit Market Reforms
6. Technology In Financial Services
7. Customer Relation Services In Banking
8. Foreign Banks In India
9. Crossing And Endorsement Of Cheques
10. Secured Loan And Advances: Measures And Policy
11. Balance Sheet Of Commercial Banks And Basel Reforms
12. E-banking
13. Types Of Electronic Banking
14. Fundamentals Of Risk
15. Risk Management: Assessment And Transfer
16. Concept And Need Of Insurance
17. Fundamental Principles Of Insurance
18. Nature And Legal Aspects Of Insurance Contract
19. Types Of Insurance
20. Reinsurance And Co-insurance
21. Regulatory Framework Of Insurance