Asian Development Bank (ADB)
Asian Development Bank was created in this context. Efforts to create ADB had started in August 1963, but they gained momentum only after the USA and Japan… Read More »Asian Development Bank (ADB)
Banking and Insurance
What is World Bank? Objectives of World Bank
The World Bank, was established in 1945 under Bretton Woods Agreement of 1944 to tackle the problem of international investment. The Headquarter of World Bank… Read More »What is World Bank? Objectives of World Bank
What is Reinsurance? Nature,Objectives and Regulation
Concept of Reinsurance Reinsurance is a contract between two more insurance companies by which a portion of risk or loss is transferred to another insurance… Read More »What is Reinsurance? Nature,Objectives and Regulation
Types of Insurance? Life Insurance and General Insurance
Insurance types The broad classification of insurance types is shown in the following diagram. 1. Life Insurance: It is a contract where the insurance company… Read More »Types of Insurance? Life Insurance and General Insurance
Functions of Insurance
Insurance Functions The insurance functions can be divided into 3 types: 1. Primary Functions 2. Secondary Functions 3. Other Functions. These three Insurance Functions can… Read More »Functions of Insurance
What is the Concept of Insurance?
Concept / Definition of Insurance Insurance may be defined as a device in which a sum of money as premium is paid by the insured… Read More »What is the Concept of Insurance?
What is NPA? (NON PERFORMING ASSETS)
Concept of NPA An asset is classified as non-performing asset (NPA) if dues in the from of principal and insert are not paid by the… Read More »What is NPA? (NON PERFORMING ASSETS)
What is Ombudsman Scheme for Banks?
The Banking Ombudsman Scheme is an expeditious and inexpensive forum for bank customers for resolution of complaints relating to certain services rendered by banks. The… Read More »What is Ombudsman Scheme for Banks?
Phases of Nationalization Indian Banks
Nationalization of Banks completed in Five phases as follows: The growth of banking sector was very slow during the first phase and banks also experienced… Read More »Phases of Nationalization Indian Banks
Nationalization of Banks in India:Objectives
Nationalization of Banks The year 1949 marked the beginning of a new era in the economic history of India. It was the beginning of a… Read More »Nationalization of Banks in India:Objectives
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