Tuesday, July 08, 2014

BOIRM syllabus

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UNIT I

INTRODUCTION TO BANKING BUSINESS:

Banking Sectors- Retail, Corporate, Rural, and International; Non-banking financial intermediaries; Types of advances and deposits in a bank, New Dimensions and Products. - Credit, Debit and Smart Cards, and e-Banking Structure of the Indian Banking System’s. Commercial Banks – Public and Private Sector and Foreign Banks. Cooperative Banks.

UNIT II

BANKING REFORMS AND REGULATION:
Banking Regulation Act, 1949, Reserve Bank of India Act 1934, and Reserve Bank’s Instruments of Credit Control. Deficiencies in Indian Banking including Problems Accounts and Non-Performing Assets, Banking Sector Reforms.

UNIT III

INSURANCE:
Need for and importance of insurance, branches of insurance (life and general insurance) policy and procedure.

 UNIT IV

INSURANCE BUSINESS ENVIRONMENT:
Mathematical basis of life insurance, reinsurance coverage, regulatory and legal frame work governing the insurance, business and economics of insurance, need for changing mindset; Latest trends.

 UNIT V

INTRODUCTION TO RISK
Types of Risks facing Business and Individuals, Risk Management Process, Risk Management Methods, Risk Identification and Measurement, Risk Management Techniques: Non Insurance Methods.

 UNIT VI

INSURANCE AS A RISK MANAGEMENT

Techniques Principles: Principle of Indemnity, Principle of Insurable Interest, Principle of Subrogation, Principle of utmost good Faith, Requisites of Insurable Risks, Requirements of an Insurance Contract, Distinguishes Characteristics of Insurance Contracts, Role of Agents and Brokers.