8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 1/20

What is Banking ?

“Banking is on of the key drivers of 

the U.S economy banking provide a

safe place to save excess cash, know

as deposit.”

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 2/20

Banking in IndiaBanking in India

Banking in India is mainly governedBanking in India is mainly governed

by the banking regulation act,1949by the banking regulation act,1949

and the reserve bank of India act,and the reserve bank of India act,

1934.1934. 

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 3/20

Introduction of Reserve bank of 

India

The reserve bank of India is

central bank of India. RBI

Was established on April

1st, 1935 with provision of 

the reserve bank of India

act,1934.

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 4/20

Objective of RBIbjective of RBI

1. To provide loans to commercial1. To provide loans to commercial

banks.banks.

2. Maintain price stability.2. Maintain price stability.

3. maintain public confidence in the system protect depositors.3. maintain public confidence in the system protect depositors.4. Maintenance of foreign exchange market in India4. Maintenance of foreign exchange market in India

 

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 5/20

Important term related toImportant term related to

BankBankBank rateBank rate

CRRCRR

SLRSLR

Repo RateRepo Rate

Reserve RepoReserve Repo

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 6/20

 Types of banks Types of banks

  Reserve bank of indiaReserve bank of india

Commercial bank RRB

(Regional Rural Bank)CO-Operative Bank

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 7/20

COMMERCIAL BANK COMMERCIAL BANK 

Commercial bank also know asCommercial bank also know as

business banking it is a bank thatbusiness banking it is a bank that

provides Saving accounts, andprovides Saving accounts, and

money market accounts and thatmoney market accounts and thataccepts time Deposits.accepts time Deposits.

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 8/20

Types of CommercialBank 

1. Allahabad bank 2. Andhra bank 3. Bank of Baroda4. Bank of India5. Bank of Maharastra6. Canra Bank 7. Central Bank Of India8. Corporation Bank 

9. Dena Bank 10. Indian Bank 11. Indian Overseas Bank 12. Oriental bank Commerce13. Punjab National Bank 14. Punjab and Singh Bank 15. Syndicate Bank 16. Uco Bank 

17. Union Bank of India18. United bank of India19. Vijya bank 20. Sbi(State Bank of India)

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 9/20

Regional Rural Bank 

Rural banking in India started sincethe establishment Banking sector in

India. Rural banks in those daysfocused upon the agro sector

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 10/20

Types of Regional RuralBanks

Haryana State Co-operative Apexbank Limited

NABARD

Sindhanur Urban souharda Co-operative Bankhihui

United Bank of India

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 11/20

Co-operative BankCo-operative Bank

 The Co-operative Banks in india The Co-operative Banks in indiastarted functioning almost 100started functioning almost 100

year ago. The co-operativeyear ago. The co-operative

Banks in india plays an importantBanks in india plays an importantrole even today in ruralrole even today in rural

financing.financing.

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 12/20

INSURANCE SECTOR 

Introduction

Insurance can be termed as a form of riskmanagement which is used to protect an

individual against the risk of prospective

financial loss

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 13/20

Features of Insurance

1.Protection

2.Tax Relief 

3.Money When you need it

4.Liquidity

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 14/20

Indian insurance

scenario The insurance sector in India governed

by insurance act, 1938. the life insurance

corporation act, 1956 and generalinsurance business act, 1972.”Insurance

regulatory and development authority”

(IRDA) Act, 1999 and other related act.

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 15/20

Insurance term Divided into Two Part

Life Insurance General Insurance

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 16/20

Life Insurance 

Life is very fragile and death is a

certainty. We cannot control the

uncertainties of life. But we can

cover the risks surrounding us

life insurance .

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 17/20

Types of Life Insurance policy

1.Endowment policy

2.Joint Life Policy

3.Pension Life Policy

4.Whole Life Policy

5.Term Life Policy

6.Money Back Policy

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 18/20

Gernal Insurance

General insurance provides much needed

protection against unforeseen events

such as accident, illness, fire etc.

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 19/20

Types of General Insurance

1. Home Insurance

2. Health Insurance

3. Motor Insurance

4. Travel Insurance

8/14/2019 nitin garg25151

http://slidepdf.com/reader/full/nitin-garg25151 20/20

Major Insurance Companies In

India1. Aviva Life Insurance

2. Bajaj Alliance

3. Birla Sun Life Insurance

4. HDFC Standard Life Insurance

5. INJ Vysya6. Kotek Mahindra

7. LiC

8. Max New Life Insurance

9. MetLife India Insurance

10. Reliance Life Insurance11. Sbi Life Insurance

12. Shri Ram Life Insurance

13. Tata AIG Life Insurance