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Modern Technology in Banking and INsurance has developed a good customer relationship. The perfect competition among the public, private and foreign banks ensure their unique services to reach large number of customers for banking activities and the Insurance sector which has gained noticeable improvement due to privatization in recent times. Banking and Insurance regulations have been introduced various rules and regulations to facilitate the smooth banking and insurance operations. Banking and Insurance regulations have been introduced various rules and regulations to facilitate the smooth banking and insurance opeartions. Banking and Insurance regulations facilitate to the public for protecting their common interest by implementing the laws. Considering the various banking and Insurance legislations and amendments to the Negotiable Instruments Act, Insurance Act. 1938, IRDA Act. 1999 and other related Acts, the title 'Banking and Insurance' draws the attention of the students and teachers to understand various Banking and Insurance services. This book entitled as a 'Banking and Insurance' is written for 5th Semester BCA students of Bangalore University. The related matters are written in a simple and easily understandable. An attempt has been made to present the concepts briefly with examples. The present work of us has sincerely tried to highlight the practical areas of both Banking and Insurance. At present the area of Insurance is not longer remained as a monopoly of Government backed sector, there are several operators and stakeholders in the Insurance market in India, but the fact is Public sector Insurance still dominates over the market share. The present work of us promises a clear justification in the area of Insurance and Banking. The language used is very lucid and more informative to both a beginner as well as a professional. Book Content of Banking and Insurance Unit − 1: Financial System Unit − 2: Commercial Banks Unit − 3: Risk & Insurance Unit − 4: Essentials of Contract Unit − 5: Growth and Development of Insurance