Banking and insurance

<p>Banking and Insurance is a comprehensive and student-oriented textbook designed in accordance with the objectives of NEP&ndash;India 2026. The book provides a systematic and in-depth understanding of the principles practices and evolving dimensions of the banking and insurance sectors. It has been carefully structured to meet the academic requirements of undergraduate and postgraduate students in commerce management and allied disciplines. The book begins with the fundamental concepts of banking including the origin and development of banking systems functions of commercial banks central banking operations credit creation and modern banking services. It also covers contemporary developments such as digital banking financial inclusion electronic payment systems and regulatory frameworks. The insurance section comprehensively explains the concept of risk principles of insurance life and general insurance insurance contracts policy conditions underwriting claims settlement procedures and the role of insurance in economic development. Special emphasis is given to recent trends regulatory mechanisms and the growing importance of insurance in financial planning and social security. The second edition has been thoroughly revised and updated with current examples case studies and recent developments in the financial sector.&nbsp;</p>