Banking Services in Roorkee

Banks are institutions dealing in the debit and credit of various financial instruments to maintain a smooth capital flow. Its most salient activity is to accept deposits from the general public to create credit. Moreover it indulges in different aspects of monetary activity such as lending, buying, investment, liquidity, inflation and fiscal policy. It is evident that banks channelize the bulk of business activity and hence determine the health of the economy. Insurance sector is an allied activity of the banking sector. Insurance is an agreement which signifies a financial cover in case of unexpected scenario in human life as fire, accident, theft, natural calamity, etc. The legal statement of the agreement is termed the policy. In the modern globalized and liberalized economy insurance facilities are spreading to cover a number of start-ups and entrepreneurial ventures hence giving the sector a great boost. A student seeking to specialize in Banking and Insurance must have a good command of the basics of Commerce, Economics, Law, Business Policy, Accounting and Finance. This field requires patience, flexibility keen sense of customer satisfaction and communication skills.