Bancassurance in India

Bancassurance and Its neeed
One of the most frequenet term used by the finance people now a days. Innovative ideas are being applied in all financial sector, as the convergence of many financial sectors are inevitable. It was one of the innovative ideas, that to integrate both banking sector and insurance sector together to tap the market reach of the banking industry. As many of the banks have presence in the rural and semi urban areas of India, the best way to reach the targeted customers of insurance is banks itself. And many a times, the banking people are the financial advisors to the banking customers. By taking the advantage of this traditional attitude of customers, the insurance sector have identified the banking sector as their best partner in progress. Negotiations and discussions at last find the smooth way of an innovative concept of integration of two financial sector inorder to achieve the goals of business.

Why Banks are entering into Insurance?
As we discussed, due to the dominant presence in the rural area is one of the main reason. Other reasons can be the following
The Level of NPAs- The Non Performing Asset level of our banks are alarmingly high. RBI has given clear guidlines to avoid this risk and to reduce the NPA.
Wide Customer Requriements- As the customers are in need of various financial products and as they have many options available, banks are now identifing customer needs and to meet their requirments.

MBA and Managment Revelution

The management educations still remain as a burmuda triangle to many. They cananot identify what kind of course be pursued. There are many institutions offering various courses in different names. Many people are confused about MBA/PGDBM. What is the difference, why there is no conscience in subject evaluation or curriculam preparation?
Where to join, whether to do international programs or domestic, concerns are many. As there is a huge lot of requirements in the job market, partents are insisting their children to opt for MBA. But Why MBA?

The question must be answered. Let us discuss: