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FINANCIAL INSTITUTIONS AND MARKETS (Theory)
This course will enable the students to get an insight about financial institutions and financial markets.
Course Outcomes (Cos):
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course title |
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25MFM321 |
Financial Institutions and Markets (Theory) |
CO283: Explore Indian financial system and examine the role of various types of financial institutions. CO284: Explore the functions of the Money Market, various types of Money Market instruments and analyze tools for managing liquidity in the Money market CO285: Analyze functions of Capital market and development of Stock Market, calculate Stock market indices CO286: Explore instruments traded in Debt market and assess tools of managing liquidity in the Government Securities Market CO287: Examine role of RBI and SEBI as regulatory institutions and explore emerging challenges and issues in the financial markets. CO288: Contribute effectively in course-specific interaction |
Approach in teaching: Interactive Lectures, Group Discussion, Tutorials, Case Study Learning activities for the students: Self-learning assignments, presentations |
Class test, Semester end examinations, Quiz, Assignments, Presentation |
Indian financial system-Components and functions, Financial Intermediation-Meaning Rationale, Importance; Categories of financial institutions – Depository Institutions (Commercial Banks and Cooperative Banks-Functions, Composition of SCB Balance Sheet) and Non-Depository Institutions (Finance companies -Development financial institutions, NBFCs and Housing Finance companies, Insurance companies and Mutual Funds)
Introduction, Functions of the Money Markey, Money market instruments: Call/Notice money, T bills, Commercial bills, Commercial papers, Certificate of deposits; Role of RBI in the Money Market, Steps to develop the Money Market in India, Tools for managing liquidity in the Money market (Reserve Requirements, Interest rates, Base rate, Standing Liquidity facility for Banks/Primary dealers, Bank rate, Repos)
Functions, Classification-Primary and Secondary Capital Market, Primary Market – Methods of raising funds- Public issue, Rights issue, Private Placement, Preferential Issue; Secondary market –Functions, Development of Stock Market in India, Post-reform market scenario, Organization, Management and membership of Stock Exchanges, Demutualization of Stock Exchanges, Stock Market Index-Calculation, Global Stock Market Indices, Major Indices in India
Introduction, Characteristics, Participants, Link between the Money market and the Debt market, Types of Instruments traded, Primary and Secondary segment of the Debt market; The private corporate debt market, PSU Bonds market; Government securities market-Introduction, Importance, Issuers, Investors and types of Government securities, Retailing of Government Securities, Tools for managing liquidity in the Government Securities Market
Reserve Bank of India (RBI)-Objectives, Role and functions; The Securities and Exchange Board of India (SEBI)- Scope, power and Functions; Emerging Issues and Challenges in the financial markets, Effectiveness of regulators like RBI and SEBI in controlling Money market and Capital market.
*Case studies related to entire topics are to be taught.
• Bharti V. Pathak, The Indian Financial System, 5th Edition, Pearson, 2018.
• Meera Sharma, Management of Financial Institutions (With emphasis on Bank and Risk Management, PHI
• Bhole.L.M. “Financial Markets and Institutions’ Tata Mc Graw Hill, New Delhi
Suggested Readings:
• Srivastava R.M.- “Management of Indian Financial Institutions”, Himalaya Publication, New Delhi
• Kohn Meir, Financial Institutions and Markets, Oxford University Press, 2013.
• Mishkin, Stanley G. Eakins, Financial Markets and Institutions, 9th Edition, Pearson, 2018.
• Vasant Desai, “Indian Financial System”, Himalayan Publication
• M.Y. Khan, Indian Financial System, Tata McGraw Hill Education, 9th Edition, 2015.
• Sarkhel & Salim, Indian Financial System & Financial Market Operations, McGraw Higher Education, 2017.
• Bharti V. Pathak, The Indian Financial System, 5th Edition, Pearson, 2018.
E Resources:
• Management of Financial Services | Download book (freebookcentre.net)
• https:// corporatefinanceinstitute.com /resources/ebooks/
Journals:
• International Journal of Financial Services Management (IJFSM) Inderscience Publishers - linking academia, business and industry through research
• Journal of Financial Services Research | Home (springer.com)
