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
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
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
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
Insurance may be defined as a device in which a sum of money as a premium is paid by the insured in consideration of the… Read More »What is the Concept of Insurance?
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)
The Banking Ombudsman Scheme is an expeditious and inexpensive forum for bank customers for the resolution of complaints relating to certain services rendered by banks.… Read More »What is Ombudsman Scheme for 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 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
The banking regulation act 1949 extends to the entire nation. Other acts are used as secondary to this act e.g. negotiable instrument act, Companies Act… Read More »What is Banking Regulation Act,1949?