Banking operations , insurance & risk management
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BOIRM overview of boirm
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Transcript of Banking operations , insurance & risk management
BOIRM
overview of boirm
What is Business?
Business is a ……..
It is an economic activity which is involved in exchange(Buying & Selling) of Goods & Services with the intension of earning profits
The primary motto of every business concern is earning profits on their sales
TYPES OF BUSINESS
Two types of Business available1) Trading concern business(Product
oriented)Ex: Mfg. units2) Non-trading concern business(Service
oriented)Ex: Banking, Insurance, Transportation etc
Indian economy- sectors
It is divided into three categories1) Agricultural sector 2) Industrial sector3) Service sector Agriculture is the
Backbone for our Indian economy
Service SECTOR IN INDIA
o Ours is developing countryo The growth rate (GDP) is increasing
day by dayo The revenue generated through
service sector is increasing day by day than rest of the sector
o The employment opportunities are more in the service industry
Introduction to banking business (unit-1)
o It explains the information about Indian banking sector and its operations
o Importance of Banking sector, history of banking business in India
o Banking system, specializations and types of Banks.
o Banking vs. Non-Banking
Introduction to banking business (unit-1)
o List of Nationalized banks in Indiao List of Public, Private and Foreign
Bankso E-Banking system and its utilityo Debit/Credit/Smart cards and utilityo Types of loans and advances
banking REFORMS AND REGULATIONS (unit-2)
o It explains banking sector regulations and reforms in India
o It explains about the Banking business, Banking regulations act-1949
o It explains the history of RBI o It explains the RBI regulations act-
1934.
banking REFORMS AND REGULATIONS (unit-2)
o It explains clearly the important terms under banking like CRR, SLR, Repo rate, Reverse repo rate, Bank rate and Base rate
o It explain about the Inflation, methods for calculating inflation rate in India
o It explains about the NPA and its impact over the banks
INTRODUCTION TO INSURANCE (unit-3)
o It explains the Need and importance of insurance industry in India
o It explains about the branches of Insurance sector are like Life Insurance and General Insurance in India
o It explains about the IRDA and its activities in India
o List of public and private insurance companies in India
INSURANCE BUSINESS ENVIRONMENT(unit-4)
o It explains the regulatory and legal frame work governing the insurance Industry
o It explains various insurance policies calculations like premium and assurance amount
o It explain about the reinsurance and latest trends in insurance
INTRODUCTION TO RISK (unit-5)
o It explains about Risk and various types risks involved in the business
o It explains about the Risk management methods, Risk identification and measurement
o It explains the Risk management techniques and non-insurance methods
INSURANCE AS A RISK MANAGEMENT (unit-6)
o It explains about the principles, requirements and characteristics of Insurance contracts
o It explains about principles of insurable interest, subrogation and importance of an insurance contract
o It explains the role of Agent and broker in the insurance policy
