Professional Documents
Culture Documents
Financial Market and Service
Financial Market and Service
Financial Market and Service
(b) The working capital (fund-based) limit 1. These are negotiable instruments.
of the company from the banking system 2. These are generally issued for 30
is not less than Rs.4 crore and days to 120 days. Thus these are
(c) The borrower account of the company short term credit instruments.
is classified as a Standard Asset by the 3. These are self liquidating
financing bank/s. instruments with low risk.
Importance of insurance
Insurance plays significant role for
not only an individual or for not only an
individual or for a family but it has spread
over the entire nervous system of the
nation. Not only does is serve the ends of
individuals, it tends more and more both
to pervade and transform our modern
social order.
Types of insurances
I. Life Insurance
II. General Insurance
A. Marine Insurance
B. Fire Insurance: