Wednesday, March 11, 2020

Financial Institutions in India

Financial Institutions in India


The Financial Institutions in India mainly comprises of the Central Bank which is better known as the Reserve Bank of India, the commercial banks, the credit rating agencies, the securities and exchange board of India, insurance companies and the specialized financial institutions in India.

1. Reserve Bank of India (RBI) - it governs all the Financial Institute like Banks,NBFC,
                                                     Micro Finances,Co-operative Small Banks,
2. Public Sectors Banks             - these have majourity equity held by e Government of India.
3. Private Sector Banks              - these have majourity equity held by private intities
4. NBFC's                                   - Non banking financial company
5. Small and Micro Finance       - small and very small finances especialy for farmers and






REAL ESTATE               

Great Marketing Summit by FICCI

INSURANCE

INSURANCE


We can define insurance as follows:
Insurance is a contract between the insurance company (insurer) and the policyholder (insured). In return for a consideration (the premium), the insurance company promises to pay a specified amount to the insured on the happening of a specific event ,like :-
Loss of Life(Death),Damage/Loss of Property,illness in Health



Top 3 popular Insurance

1. Life Insurance.
   - Life (loss of Life)
   - Term and Critical illness Insurance
   - Loan/Liability Insurance
2. General Insurance.
   - Automobile Insurance.
   - 4 Weller Insurance
   - Property Insurance (Fire/Earthquake/Etc.)
3. Health Insurance
   - Medical Insurance i.e. when Hospitalized due to illness
     - For Medicines for the illness






REAL ESTATE               
Great Marketing Summit by FICCI