UNIT-3 : BANKING, INSURANCE, FINANCIAL MARKETS AND AUDITING Banking Indian Banking System: Overview Banking Structure in India Role and Functions of RBI Public Sector Banks: Features and Examples Private Sector Banks: Role and Scope Foreign Banks Operating in India Regional Rural Banks (RRBs) Urban Cooperative Banks (UCBs) Payment Banks: Concept and Role Small Finance Banks: Objectives and Functions Branch Banking: Features and Benefits Unit Banking: Characteristics and Comparison Universal Banking: Meaning and Benefits Central Bank vs Commercial Banks Types of Bank Accounts: Savings, Recurring, FD CASA Accounts and Importance Pradhan Mantri Jan Dhan Yojana (PMJDY) Know Your Customer (KYC) Norms Digital Banking Services: Overview (e-banking, Mobile banking) Green Banking and Environmental Responsibility Digital Banking and Transactions Electronic Mobile Wallets: Types and Examples ATM: Functions and Uses Electronic Money: Concept and Examples Digital Payment Systems: NEFT, RTGS, IMPS, UPI Digital Currency: Concept and Future Scope Insurance Insurance: Meaning and Features Life Insurance: Principles and Types General Insurance: Types and Examples Insurance Regulatory and Development Authority of India (IRDAI): Purpose and Functions IRDAI: Powers and Regulatory Role Financial Markets Financial Markets: Meaning and Classification Capital Market vs Money Market Primary Market Operations Secondary Market Operations Stock Exchanges: Functions and Role Market Regulation & Instruments Listing of Securities in Stock Exchanges Role of SEBI in Financial Market Regulation Venture Capital, Leasing and Credit Rating Auditing Auditing: Meaning, Objectives and Importance Types of Audit: Statutory, Internal, etc. Audit Planning and Control Internal Control, Internal Check, and Internal Audit Vouching: Concepts and Procedures Verification and Valuation of Assets and Liabilities Auditor’s Role: Professional Ethics, Qualification, Appointment, Removal, Duties, Liabilities Investigation vs Audit: Differences and Use Cases FULL TEST