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.”
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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.”
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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.
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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.
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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
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Important term related toImportant term related to
BankBankBank rateBank rate
CRRCRR
SLRSLR
Repo RateRepo Rate
Reserve RepoReserve Repo
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Types of banks Types of banks
Reserve bank of indiaReserve bank of india
Commercial bank RRB
(Regional Rural Bank)CO-Operative Bank
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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.
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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)
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Regional Rural Bank
Rural banking in India started sincethe establishment Banking sector in
India. Rural banks in those daysfocused upon the agro sector
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Types of Regional RuralBanks
Haryana State Co-operative Apexbank Limited
NABARD
Sindhanur Urban souharda Co-operative Bankhihui
United Bank of India
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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.
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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
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Features of Insurance
1.Protection
2.Tax Relief
3.Money When you need it
4.Liquidity
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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.
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Insurance term Divided into Two Part
Life Insurance General Insurance
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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 .
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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
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Gernal Insurance
General insurance provides much needed
protection against unforeseen events
such as accident, illness, fire etc.
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Types of General Insurance
1. Home Insurance
2. Health Insurance
3. Motor Insurance
4. Travel Insurance
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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