Download Indian Financial System VI

K. J. SOMAIYA COLLEGE OF ARTS AND
COMMERCE, VIDYAVIHAR, MUMBAI-77
(Autonomous)
Affiliated to University of Mumbai
SYLLABUS AND SCHEME
OF EXAMINATION
Program: B.A.
Course: Indian Financial System VI
SEM V & SEM VI
As per
CREDIT BASED SEMESTER & GRADING
SYSTEM
(75-25 Marks Pattern)
(With effect from the Academic Year: 2015-2016)
T.Y.B.A.
Course: Indian Financial System VI
(Credit Based Semester and Grading System with effect from the academic year, 2015-16)
1. Name of the Programme
:
B.A
2. Course Code
:
SEM V: ECOIFSA503
SEM VI: ECOIFSA603
3. Course Title
:
Indian Financial System VI
4. Semester wise Course Contents
:
Enclosed the copy of syllabus
References
:
Enclosed in the Syllabus
6. Credit Structure
:
No. of Credits per Semester – 03
7. Total Marks
:
100 in each Semester
8. No. of lectures per Unit
:
9. No. of lectures per week
:
03
10. Scheme of Examination
:
75:25 Pattern
11. Special notes , if any
:
No
12. Eligibility, if any
:
13. Fee Structure
:
As per University Structure
:
No
5. References and Additional
14. Special Ordinances /
Resolutions if any
T.Y.B.A. SEM V
Indian Financial System – Paper VI
Preamble:
The post globalised period has brought about remarkable changes in the Indian financial sector. The
purpose of this paper is to acquaint students with the working of the system and the recent changes
that have taken place. The operations of both the monetary policy and commercial banks in an open
economy, had to be reassessed. The opening of the financial services and the different types of
financial services are also an important constituent of the paper.
COURSE CODE
GROUP-II
PAPER TITLE
ELECTIVE PAPERS
CREDITS MARKS
INDIAN FINANCIAL SYSTEM: PAPER- I
UNIT-I OVERVIEW OF THE INDIAN FINANCIAL SYSTEM
3
100
(10 lectures)
Definition and Meaning of the Financial System - Components of the financial System:
Institutions, Instruments, Markets, and Services; Functions and Role of financial system; Financial
System and Economic Development - Indicators of Financial Development: FR, FIR, NIR and IR.
UNIT-II FINANCIAL SECTOR REFORMS & RBI MONETARY POLICY: (10 lectures)
Financial
Sector
Reforms:
Narasimham
Committee
Report
1991
and1998
-
Monetary Policy of the RBI: Recent Developments in the Monetary Policy - Monetary Policy
Targeting - Transmission Channels of Monetary policy: Interest rate channel, exchange rate channel,
asset price channel.
UNIT-III BANKING & NON-BANKING FINANACIAL INSTITUTIONS:
(10
0 lectures)
Commercial Banking: Developments in Commercial banking sector since 1991s –Management of
Non-Performing Assets (NPAs); Capital Adequacy Norms, Overview of Development Banking and
Non Bank Finance Companies (NBFCs) in India
UNIT-IV FINANCIAL SERVICES & REGULATION
(15 lectures)
Financial services – Importance of financial services, Insurance, Mutual Funds, Lease Finance,
Merchant Banking and Credit Rating, Micro Finance and Self Help Group, Financial Inclusion
Programme in India, Regulation of the financial system: SEBI, and IRDA.
T.Y.B.A. SEM VI
Indian Financial System – Paper VI:
Preamble:
The purpose of this paper is to acquaint students with the working of the Indian financial market
and recent changes that have taken in this market. The operations of both the money market and
capital market in an open economy, had to be reassessed. Financial instruments and derivative
markets are also an important constituent of the paper.
COURSE CODE
GROUP-II
PAPER TITLE
ELECTIVE PAPERS
INDIAN FINANCIAL SYSTEM: PAPER- II
UNIT-I MONEY MARKET AND CAPITAL MARKET
CREDITS MARKS
3
100
(08 lectures)
Money Market: Structure of Indian Money Market, Recent Development in Indian Money Market,
Capital Market: Structure of the Indian Capital Market – Recent Developments in the Indian Capital
Market - Interlink between Money Market and Capital Market - Overview of Debt Market in India
UNIT II GLOBAL CAPITAL MARKETS
(07 lectures)
Impact of globalization on the capital markets-Global (international bond market) - Global equity
markets: ADR, GDR, - Obstacles to international investments
UNIT-III FINANCIAL INSTRUMENTS
(15lectures)
Traditional Instruments: Equities, Debentures and Bonds; Hybrid Instruments; Different types of
Bonds such as Floating Rate Bonds, Zero interest bonds, Deep Discount bonds, Inverse float
bonds.
UNIT-IV THE DERIVATIVES MARKET IN INDIA
(15 lectures)
Meaning of derivatives – Participants in the Derivative Markets – Hedgers, Arbitragers and
Speculators – Significance of Derivative Markets – types of financial derivatives: Forwards, Futures,
Options and Swaps - pricing of derivatives: Pricing of Futures and Pricing of Options - Derivatives
trading in India.
REFERENCES
1) Pathak Bharati (2008): The Indian Financial System –Markets, Institutions, and Services,
(2nd Edition), Pearson Education, New Delhi.
2) Bhole L. M. (2008): Financial Institutions and Markets, Growth and Innovation, Tata
McGraw-Hill, New Delhi.
3) Bodie, Z. et. el. (2009), Financial Economics, Pearson Education, New Delhi.
4) Hull John (2002): Introduction to Futures and Options Market, Prentice Hall of India, Delhi.
5) Khan, M.Y. (2007): Financial Services, Tata McGraw Hill, New Delhi.
6) Paul, J. and P. Suresh (2008), Management of Banking and Financial Services, Pearson
Education, Delhi.
7) Reserve Bank of India (various issues) Report on Currency and Finance, RBI, Mumbai.
8) Reserve Bank of India (1997) Occasional Papers, Vol. 18, Nos. 2 & 3, RBI, Mumbai.
9) Strong, R. A. (2002); Derivatives: An Introduction; Thomson Asia Pte. Ltd, Bangalore.
10) Sridhar, A. N. (2006); Futures and Options – Equities and Commodities; Shroff Publishers,
Mumbai.
Scheme of Examination
The performance of the learners shall be evaluated into two parts. The learner’s performance
shall be assessed by Internal Assessment with 25% marks in the first part by conducting the
Semester End Examinations with 75% marks in the second part. The allocation of marks for the
Internal Assessment and Semester End Examinations are as shown below:( A ) Internal Assessment: 25 Marks (25%)
Sr. No
1
Evaluation type
Marks
One Periodical class Test/Project/Field Visit
20
Active participation in routine class instructional deliveries(case studies/
2
05
seminars//presentation)
(B) External Theory examination: 75 Marks (75%)

Duration –2.30 Hours for each paper.

There shall be FIVE questions each of 15 marks on each unit.

All questions shall be compulsory with internal choice within the questions.

Questions may be subdivided into sub-questions a, b, c and the allocation of marks shall
depend on the weightage given to the topic.

Fifth question shall be asked on short note which will be the combination of all model.
Questions
Modules
Marks
Q1
Based on Unit – 1
15
Q2
Based on Unit – 2
15
Q3
Based on Unit – 3
15
Q4
Based on Unit – 4
15
Q5
Based on all Units
15
Total Marks
75