Comparative analysis of investment patterns, market segmentation, market feedback and the formulation of new strategies

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49 pages

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.doc

Published date :

05/27/2009

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Table of Contents Comparative analysis of investment patterns, market segmentation, market feedback and the formulation of new strategies Table of Contents

 

Abstract

HDFC commenced operations as a mortgage bank; it raised large wholesale resources (domestic and international) and lent primarily to individual households. In mid 1991, HDFC entered the retail deposit market by offering savings and investment opportunities to households. Incorporated in 1977 with a share capital of Rs. 10 crores, HDFC has since emerged as the largest residential mortgage finance institution in the country. The corporation has had a series of share issues raising its capital to Rs. 120 crores. The net worth of the corporation is Rs. 28,000 crores.

The insurance Regulatory and Development bill is now an Act, With this India is now the cynosure of all the global insurance players. Numerous players, both Indian and foreign, have announced their intention to start their insurance shops in India. IRDA, under the chairmanship of Mr. Rangachary, opened the window for applying licenses in India on the 16th of August. Dabur- All state the Prudential - ICICI were the first of the block to apply on the very first day. But before any one starts to talk about the insurance sector in India, it is important to know the figures that entice each hand every body in the sector.

A population of over a billion people, a strong middle class of 200-300 million, only 70 million people in the country insured. These statistics reflect the preference to the Indian market that has led to a paradigm shift in the image and perception of the insurance industry in India. The Insurance Regulatory and Development Authority (IRDA) Bill passed in 1999 has opened up the insurance sector to private and foreign players, waving away initial apprehensions and objections raised.

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