Sidho-Kanho-Birsha University
Syllabus & Course Curriculam
Syllabus & Course Curriculam
Course Type: MAJ-18
Semester: 8
Course Code: BCOMMAJ18T
Course Title: Indian Financial System
(L-P-Tu): 5-0-1
Credit: 6
Practical/Theory: Theory
Course Objective: The course aims to help the students: 1. To understand the functioning of India's major financial institutions and markets. 2. To gain an insight into the different investment opportunities in the Indian financial system. 3. To understand the role of the government, regulators and participants in the Indian financial system. 4. To recognize and assess the risks and opportunities associated with investing in India.
Learning Outcome: After completion of the course, learners will be able to: 1. Aware about the role of financial institutions in the Indian economy. 2. Acquire knowledge of the major challenges currently facing the Indian financial system. 3. Understand the major economic and financial policies of the Indian government. 4. Understanding of the important role of the banking sector in driving economic growth.
Subject: Indian Financial System
Unit 1. Financial System - An overview: (Lectures:10 )
Meaning and components of the Financial System; Role of Financial Institutions (FIs) in Financial System; Financial Systems and Development; Major issues in the Indian Financial System.
Unit 2. Financial Institutions: (Lectures: 10)
Banks- Apex Bank, Scheduled Commercial Banks, RRBs, Cooperative Banks, Private Banks and others, Credit Institutions; Development Financial Institutions; NBFCs: Types and Regulatory Authorities; RNBCs; Mutual Fund Institutions. Microfinance Institutions.
Unit 3. Insurance: (Lectures: 10)
Concept, Functions, Characteristics of Insurance, History of Insurance in India, Life Insurers and Non-life Insurers registered in India, Various life insurance products offered by LICI, Concept of Reinsurance, Scheme of Insurance Ombudsman.
Unit 4. Money Market and Capital Market: (Lectures:15 )
Concept of Money Market, Difference between Money Market and Capital Market, Money Market Instruments –Treasury Bills, Commercial Papers and Certificates of Deposits –their features. Securities and Securities Market; Role of Securities Market in a Country's Economy; Structure of Indian Capital Market; Instruments Usually Traded In Capital Market; SEBI and its Functions and Role.
Unit 5. Primary Market – Intermediaries and Activities: (Lectures:15 )
Primary Market Intermediaries – Merchant Bankers, Lead Managers, Underwriters; Bankers to an Issue; Registrars to an Issue and Share Transfer Agent. Primary Market Activities / Procedures – Pricing of Issues; IPO, FPO and OFS, Book Building Process – Concept, various terminologies used, various categories of investors, green shoe option; ASBA facility. Depositories & Depository Participants. Demat Accounts, Delivery Instruction Slips, Annual Maintenance Charge, Basic Services Demat Account (BSDA), Nomination of Shares and Transmission of Shares.
Unit 6. Secondary Market (Stock Exchanges): (Lectures: 15)
Role of Stock Exchanges in Security Trading; Role of Brokers and Sub-Brokers in Security Trading; Major Stock Exchanges in India - BSE, NSE; Concept of Stock Market Indices including sectoral indices; Listing of Securities on a Stock Exchange; Clearing and Settlement; Present Screen-Based Computerized Trading; Scrip-less Trading;
Suggested Readings
Basic Features
Undergraduate degree programmes of either 3 or 4-year duration, with multiple entry and exit points and re-entry options, with appropriate certifications such as:
Note: The eligibility condition of doing the UG degree (Honours with Research) is- minimum75% marks to be obtained in the first six semesters.
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