Summary |
The economic reforms undertaken in the last three decades have brought about a considerable improvement in the health of banks and financial institutions in India. Liberalisation and globalisation have created a challenging environment in the banking and insurance sector. The challenges faced by the sector would be gaining profitability, reinforcing technology, maintaining global standards, corporate governance, sharpening skills, risk management and to establish customer intimacy.
There is no doubt the challenges ahead will become tougher with more companies competing both in general and life insurance. Also mortgage insurance will soon be coming into the industry. New players have contributed to the launch of innovative products, services and value-added benefits. Major foreign players have entered the country and announced joint ventures in both life and non-life areas.
This book reviews the developments in banking and insurance sector that have occurred over the last three decades. It will serve as a single reference source on banking and insurance for professors, researchers, graduate students, regulators, consultants and practitioners.
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