JAIIB | IE AND IFS | CASE STUDY ON PARA BANKING

The Indian Economy (IE) and Indian Finance System (IFS) is one of the primary modules of the JAIIB exam, essential for banking professionals. In the banking industry, Para Banking refers to the services that banks offer apart from their routine banking operations such as accepting deposits and lending. These include activities like insurance, mutual funds, credit cards, leasing, hire purchase, portfolio management services, and other financial products.  Learning Sessions, in this article will take you through the detailed case study on the importance of Para Banking.

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Para banking is a term used to subordinate financial services provided by banks, including investment services, non-fund-based activities, and advisory functions. These services complement traditional banking functions and help financial institutions expand their portfolios.

Examples of Para Banking services include:

-Mutual Fund Distribution: Banks offer mutual fund products from different asset management companies.

-Insurance Products: Bancassurance is the sale of life and general insurance products through a bank’s network.

-Credit Cards: Banks offer various credit card products to enhance customer convenience and promote cashless transactions.

-Wealth Management Services: Portfolio management services, estate planning, and financial advice for high-net-worth individuals (HNIs).

-Foreign Exchange: Banks facilitate foreign currency exchange and provide forex cards.

For the extensive preparation of candidates, get details through our YouTube videos for JAIIB IE & IFS Module wise Syllabus with explanations and tips to help candidates in their preparation journey.

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In the end, Para banking has become an essential part of the modern banking ecosystem in India, accompanying traditional banking operations. The vision drawn from the JAIIB Indian Economy and Indian Financial System features the symbolic role that para banking plays in generating non-interest income and fulfilling the financial needs of diverse customer segments. The increasing combination of para banking into the banking system helps banks expand revenue streams, reduce dependency on core banking operations, and offer a broader range of financial products. The case study by Learning Sessions illustrates how a well-executed para banking strategy can benefit banks and customers alike, paving the way for more inclusive financial growth in India. Learning Sessions provides additional information about JAIIB IE & IFS FISCAL POLICY  by giving examples of real life scenarios.

Learn more about this case study through our YouTube channel and PDF.

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