The financial sector constitutes one of the major components of the service sector and within the financial sector. Banking and insurance have a significant role to play. There has been a manifold increase in the demand for banking services along ...

The financial sector constitutes one of the major components of the service sector and within the financial sector. Banking and insurance have a significant role to play. There has been a manifold increase in the demand for banking services along with the commensurate increase in insurance services to cover various commercial and personal risk arising out of increasing complexities of modern life. The present book is an attempt to describe the role of the banking and insurance sectors in the current Era of globalization privatization and liberalization. Despite our best efforts, we acknowledge our human limitations and possible errors. We, therefore, invite constructive suggestions as they would be instrumental in further improving our work. We are deeply indebted to our families whose support and understanding helped bring this effort to fruition. It is a matter of great pleasure to present the textbook of Banking And Insurance to the students and teachers expecting to fulfill the need of the textbook. It is the outcome of all the students who want to make their carrier in banking and Insurance sector I am highly confident that this textbook will prove useful not only to the teachers and students but also to the practicing managers and different professionals in the field of financial institutions and extra activity finance is the life blood of trade commerce and industry nowadays banking sector acts as the backbone of modern business development of the country.