IRDA Act In order to control private sector insurance companies, the Government of India passed the IRDA Act (Insurance Regulatory and Development Authority Act, 1999) which enabled it
Banks directly play an important role in the economic development of the country. Here, we can see certain specific role of banks as financial intermediary. Role of Financial
Introduction to Merchant Bankers After 1990, the new economic policy adopted by the government has resulted in the promotion of a number of new companies. This has resulted
Relationship between financial system and economic development The development of any country depends on the economic growth the country achieves over a period of time. Economic growth deals
In the following circumstances a banker is bound to refuse the payment of a cheque without incurring any liability thereon. Circumstances when a banker refuse payment of Cheque
National Housing Bank (NHB) plays an important role in the growth of housing finance institutions in India in many ways. A few of them are discussed here. 1.
History of National Housing Bank (NHB) Under the Sites and Service Scheme of the World Bank, the borrower’s place of dwelling will be nearer to his work spot
Introduction to Housing Finance: (Image: Housing Finance) India’s national housing policy insists on providing more dwelling houses to the citizens. It is only natural for the government to
History of the International Monetary Fund (IMF) During the second world war, monetary experts in USA and U.K started thinking about the monetary problems likely to be faced
In reviewing your company’s strategic and financial situation, it is useful to identify the “Capital position” in which the company is operating. This is particularly useful when preparing