BFSI Domain

This article provides an quick overview of banking and its functions. This article discusses the basic defintion of banking, why banking is under strict regulations and what are some of the contractual obligations between banks and its customers.

The focus of banking is varied, the needs diverse and methods different. Thus, we need distinctive kinds of banks to cater to the above-mentioned complexities. This article discusses the broad classification of banks and explains each type of banks with their distinctions.

Banking sector has witnessed enormous growth in the past decades. The banks have transformed themselves from traditional deposit and borrowing institutes to large organizations offering a variety of services. Discussion about various classifications of banks.

The banking industry caters to a diverse clientele, which includes, individual customers, small businesses, farmers, corporates and corporations, banks, governments, institutional investors, non profit organizations and international clients. Learn about the banking products and services for these customers.

The principle of fractional reserve banking lies at the heart of the modern commercial banking system. During a given period of time a bank will receive fresh deposits while existing deposits are withdrawn.

This section provides an overview of the Insurance Industry. It touches upon the brief history of Insurance and its development as an Industry. This section also tells the learner how Insurance works and what are some of the key elements in insurance sector.

This article explains the various types of Insurance Policies available in the market today. Importance of each type of insurance policy is explained along-with its usage. The list might not be exhaustive , but covers all major insurance covers that are available and gives learner a fair understanding of industry products.

This article describes current insurance industry sectors and their associated activities, products, and services.  This will help you understand the major products offered by the insurance industry and how they are classified. Understand the four key sectors for Insurance Coverage.

Insurers in this industry directly underwrite insurance policies relating to life, health, accident and medical risks. Life and annuity insurance covers not only life and annuities, but also health and disability. Read more about the health and life insurance industry.

General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance typically comprises any insurance that is not determined to be life insurance. It is called property and casualty insurance in the U.S. and Non-Life Insurance in Continental Europe. Read More!

Businesses in this industry focus on assuming all or part of the risk associated with existing insurance policies originally underwritten by direct insurance carriers. In other words, the primary activity of this industry is insuring insurance companies. Understand the dynamics of this sector.

The insurance industry business model can be further categorized into two types of main activities, service domain and support domain. Service domain activities make up the company's value chain and support domain provides the infrastructure and support to sustain the value chain. Support activities may include corporate services, finance, human resources, or information systems and technology. 

This article helps the student to understand the legal principles and provisions of the insurance law. Starting with the fundamentals from which law is derived, this article help the student to understand the salient aspects of any insurance contract, the rights and obligations of parties to the contract and the legal environment within which insurance practice is carried out. Explore the seven most important principles of insurance.

Learn about financial assets and the role the banking industry plays in financial assets market. Learn about various types of financial assets and their importance in terms of banking industry.

Learn what we mean by financial institutions and financial intermediaries. Learn the two main classifications of financial institutions and understand the significant distinction between depository and non-depository financial institutions. Learn how the financial system works and understand the concept of financial markets.

Depository intermediaries receive deposits from customers and use the money to run their businesses. These institutions may have other sources of income, but the bread and butter of their business is handling deposits, paying interest on them, and lending money based on those deposits. Learn about various types of depository intermediaries.

As the name suggests, non-depository intermediaries don't take deposits. Instead, they perform other financial services and collect fees for them as their primary means of business. Learn more about various types of non-depository financial intermediaries and how they work.

Learn what we mean by financial markets and why we at all need them? Understand the major benefits provided by these markets and see some examples on various types of financial markets. Understand the difference between primary and secondary markets.

In this article, we will consider the key services provided by the banks, insurance companies, mutual funds, stockbrokers, and the other financial services firms that make up the financial system. The firms in this sector, which makes different financial assets and financial liabilities more or less attractive to individual investors and borrowers, offer different services.

When you think of a bank, what image comes to mind? A bank is a financial intermediary for the safeguarding, transferring, exchanging, or lending of money. Banks distribute “money” - the medium of exchange. A bank is a business and banks sell their services to earn money, and they need to market and manage those services in a competitive field. Learn more about the fundamentals of banking.

Banks and other institutions play this critical role by performing services essential to the functioning of an economy. Safeguarding, transferring, lending, and exchanging money in various forms, along with evaluating creditworthiness of customers, are the main functions that banks perform. Learn more about role that banks play in shaping economies.

Banks are commercial institutions and need to increase their business. Unlike other stores and shops, banks are selling services rather than products. Learn how banks get their funds and how they make money on services. In this article, we look more closely at how banks do business and how they earn profits and explore the value chain of banking industry.

Banking has changed radically in the last 20 years, and it is now one of the most competitive businesses in the world. Like any business, a bank must attract customers in order to make money. There is an ever-wider array of services that are offered by banking industry today. Learn about various banking products and services.

In our day-to-day life, we use words like business, commerce, occupation, trade, industry etc. quite often. These words have a definite meaning in 'Business Organization'. After studying this article you should be able to identify the broad categories of human activities and describe what we mean by business and what are the features and objectives of business. We will also classify the business activities and will explain the nature of business organization. Read more to know what business is!

Stock exchange or securities market is a place where trading in securities takes place. Read this article to learn the meaning, features and functions of stock exchanges and understand the importance of stock exchanges and methods of trading on stock exchanges. After taking this lesson, learner will be able to explain the meaning and importance of stock exchange and state the economic functions of stock exchanges.

This article introduces various types of payment mechanisms available with banks, how they work and advantages and disadvantages of using various types of bank payment types. Understand what we mean by payment systems and explore large value and retail payment systems. Learn about various modes to discharge a payment.