Principles and Practices of Banking and Insurance (Mumbai Univ)

ISBN Number : 978-93-5097-286-1

Student Price : Rs.160

Student Dollar Price : 6$

Book Edition : Fourth

Year of Publication : 2017

No. Of Pages : 184

About The Book

Insurance and banking needs regulations to administer them and also to provide prior information’s to customers or would be customers, their rights and obligations in order to have better relationship with respective institutions. As such, for banking, the regulating Acts are Banking regulation Act 1949, RBI Act, 1934, Banking Ombudsman Act, 2009 and in Insurance business, the regulations laws are Insurance Act, 1938, IRDA Act, 1999, LIC Act, 1956, General Insurance Business (Nationalisations) Act, 1972 and other. As such now, I have added Chapter 14 for such regulations on insurance and for areole of IRDA in life and non-life insurance business. During 2015, two new Licenses were issued to two banks, viz., IDFC Bank Ltd. And Bandhan Bank Ltd. As such, the total number of private sector banks has gone to 20 and public sector banks number has increased to 27. In case of insurance companies, the total number is above30. The position of health insurance companies has also risen. Not only this, new development is to take place in State Bank of India wherein 5 associate bands and Bhartiya Mahila Bank would be merged latest by March end. By the end of March 2017, total PSBs number would be 20 as against 27 at present. The total amount of bank’s deposit and advances at the end of the 22-7-2016 were 96.7 lakh crores and 71.6 lakh crores respectively.


Contents -

1. Introduction to Banking
2. Legal Framework of Regulation of Banks
3. Insurance - Basic Concept of Risk
4. Basic Principles of Valid Contract (Legal Offer and Acceptance)
5. Types of Insurance
6. Reinsurance
7. Risk and Return Relationship
8. Financial Inclusion
9. Claims and Settlement Procedures
10. Actuarial Roal
11. Evolution and Growth of Insurance Business in India
12. Non-fund Based Activities and Services
13. Non-fund Services and Activities
14. Insurance Regulations Role of IRDA

About The Author

Shri O.P. Agarwal, post graduate in Commerce from the Vikram University, Ujjain in the year 1964 and obtained Bachelor`s Degree in Laws in 1971 from the Indore University (Madhya Pradesh). He has been a distinguished scholar since he passed the M.P. Higher Secondary Board, Bhopal examination in the first rank in the year 1959. While B.Com. was passed in the 7th rank in the year 1962. After obtaining educational qualifications, he joined Bank of Maharashtra in July 1971, and obtained the international Diploma in Banking from London (England) and became associate C.A.I.B. (London). He served the nationalised bank for 35 years and acquired the skill in banking rules and regulations, customer satisfaction and service, efficient administration of the branches and corporate services department at the central office of the bank.

He pioneered for perfect implementation of extensive quality work to the customers and colleges. He has been branch managers for 11 years, 4 years at regional and central office along with 7 years as Faculty in Bank of Maharashtra - Staff Training Centre, New Delhi.

All above practical experience, enabled him to put experience and research into book-form by writing books, for all bank employees for their better future and elevation, for subjects like internal promotion, C.A.I.I.B. and computer operation (in Hindi language) as early as in years between 1991 to 1994. After retirement from bank services, he had desired and wished to spread and share his knowledge and experience with new generation, who were aspiring for services in banking, business management, insurance and foreign exchange areas. Since 2005, he has to his credit - writing of over 50 books on subjects like Foreign Exchange, Banking and Finance, Banking and Insurance, Security Analysis and Investment Management, Financial Markets and Services, J.A.I.I.B. and C.A.I.I.B. reference books in multiple choice questions, in Hindi and English languages. Professional bankers and serving bankers should also get the opportunity for updating the development in banking and finance subjects. He has written books, viz., Modern Banking of India, Credit Appraisal (in Hindi), Banks` Interview, How to Face Bank Interviews? (in Hindi), Quantitative and Financial Decision Analysis, Retail Banking, International Financial Management and Practical Letters Writing (in Hindi) for the benefit of entire fraternity. Writing of books is a passion for Mr. Agarwal.

He has been Guest Faculty since the year 2001 to date for various bank`s staff training colleges in Mumbai as well as for the largest and the first asset reconstruction company ARCIL, CBD Belapur, New Mumbai for their officers` training programmes.

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