Entrepreneurship in Banking & Insurance.

INTRODUCTIONStarting New BusinessesIntra-preneurship  True UncertaintySame Character traits

MEANING A financial institutionConnects customers Hold the savings Flow of funds A pace setter.

Definition of banking

According to banking regulation act 1949 “ accepting for the purpose of lending or investment of deposits of money from the public repayable on demand or otherwise and withdraw able by check, draft, order or otherwise.”

STANDARD ACTIVITIESPayment agents Payments via other methods Banks borrows fundsNon-banks payment services Provide an adequate substitute

RETAIL BANKING

Savings accountCredit cardDebit cardMortgageMutual fundPersonal loan

BUSINESS BANKINGBusiness loanCapital raising Term loanCash Management Services

CHANGING ROLE OF BANKS IN ENTREPRENEURSHIP

Deposit mobilization Higher level of profitability Support to small enterprises.Soft credit availabilityMotivate and assist prospectiveRequires financial input as well as non-

financial inputs

ENTREPRENEURSHIP AMONG BORROWERS

Independent management consultants Technical consultants well equippedRisk an inherent ingredientHigh level of NPAs

INSURANCE

Form of risk management Risk of a contingent lossEquitable transfer of the risk

INSURANCE SECTOR REFORMS:Indian Insurance Industry reformed.Objective of complimenting the reforms .More efficient and competitive financial

system

Meaning and Benefits of BancassuranceConvergence of banking and insuranceDistribution of insurance products A tool for increasing their market penetration Great benefit to the customerCreation of one-shop Gains from both sides

OPPORTUNITIES AND CHALLENGESOn the rise in emerging marketsSuccessfully leveraging bancassurance Europe highest penetration ratesNorth America is lowest.Gaining in popularity

EMERGING TRENDTailor-made products Embrace direct marketing Willingness to expand

CONCLUSIONMore social entrepreneurs Need help to become fully engagedNot be defined so narrowly Uncover the factors More natural act