Abstract The paper examines the relationship between economic growth and life insurance. In this context, we study contributions made by some authors across international and Indian domains. The literature review begins with examining the work done in the international context by Arena (2008) and Zheng (2008). Arena (2008) examines the causal effect of insurance on economic growth in a cross-country study. Zheng (2008) attempt to develop comprehensive paradigms for an international insurance ...
Banking in india 1. Introduction This chapter provides the background to the study undertaken, a discussion of the case study and summarises the overall aims and objectives for the research. 1.1 Banking in India The Indian Banks were started as intermediaries for taking deposits and to deliver funds for satisfying the working capital needs of trade and industry. This was based on the classical Scottish model of banking (Bhattacharyay and Ghose, 1989). Reserve Bank of India is the regulatory c...
India during the ‘Great Recession' Introduction: Economists called the financial crisis of the 2007 - 2009 as the “Great Recession”, since it is a critical factor and vital cause for the failure of many businesses and significant influencer that has worsened many economies. After US busted out the housing bubble, this raised the rates of sub-prime and mortgage rates. India, the country which is fully an export driven economy like many other countries, the GDP of India mainly relies on domesti...
INTRODUCTION: Union Bank Of India  Father of the Nation, Mahatma Gandhi, inaugrated the Union Bank Of India on November 11, 1919. It covers all the sectors of the society, be it agriculture, industry, trade and commerce, services or infrastructure, the bank plays a major role in rendering services to the financial needs of every section. Apart from this, the bank also extended financial support to educational, housing and trade sector. In 1947, the bank had only 4 branches which include 3 i...
