Elements Of Banking And Insurance

Elements Of Banking And Insurance

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Product Specifications

Publisher PHI Learning All B.Com I books by PHI Learning
ISBN 9788120346574
Author: Jyotsna Sethi, Nishwan Bhatia
Number of Pages 490
Available in all digital devices
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The emergence of the financial sector has brought unprecedented changes in the principles, practices and legal framework of the banking and insurance sectors. This up-to-date and student-friendly text describes, with great clarity and precision, the role of banking and insurance sectors in the current era of globalization, privatization and liberalization.

The book first introduces the readers to the banking business, retail banking, international banking, Internet banking and tele-banking, including the ATMs, credit, debit and smart cards. Then it goes on to give a detailed description of enterprise risk management (ERM), life insurance plans, insurance rating methods and claims settlement in life insurance. The text concludes with a discussion on insurance intermediaries and their functioning, the legal framework, as well as major players in the Indian insurance industry and future trends of the industry.

The second edition has been substantially updated and includes a new chapter on Practical Banking, which discusses cheques, drafts, core banking solution and banking ombudsman.

This book is recommended in Assam Institute of Management, Assam, St. Xavier College, Ranchi, Birla Institute of Technology, Patna.

The text is interspersed with many examples and illustrations, and other pedagogic features. It is designed primarily as a textbook for the undergraduate students (BA) for their course in banking and insurance. Besides, it will prove to be a handy reference for students of management, commerce and those taking banking and insurance courses.


1. Acquaints the students with most recent developments in banking and insurance sectors

2. Provides numerous end-of-chapter review questions

3. Gives important abbreviations and real-life cases




1. Introduction to Banking Business

2. Structure of Commercial Banks in India

3. Banking Sectors 

4. Electronic Banking 

5. Loans and Advances 

6. Priority Sector Lending 

7. Export Credit 

8. Annual Report and Balance Sheet of a Bank 

9. Project and Working Capital Finance 

10. Banking Legislation 

11. Banking Sector Reforms and NPAs 

12. Practical Banking 

13. Risk Management: An Overview 

14. Introduction to Insurance 

15. Life Insurance 

16. Fire Insurance 

17. Marine Insurance 

18. Motor Vehicle Insurance 

19. Health Insurance 

20. Miscellaneous Insurance 

21. Reinsurance 

22. Insurance Pricing 

23. Underwriting 

24. Policy Servicing and Claims Settlement 

25. Channels of Distribution 

26. Legal Framework 

27. Indian Insurance Industry: Transition and Prospects


A: Public Sector Banks

B: Foreign Banks in India

C: Private Sector Banks 

D: Cooperative Banks 

E: Cases