Course Details
Subject {L-T-P / C} : SM6111 : Financial Institutions, Instruments and Markets { 3-0-0 / 3}
Subject Nature : Theory
Coordinator : Prof. Shigufta Hena Uzma
Syllabus
Financial Services: Description of Financial Services, Mutual Funds, Venture Capital Financing, Regulatory and theoretical framework of Leasing, Procedures of Merchant Banking. Financial Services Institutions: Commodity Exchanges, Role of NSDL, STC, Forward Markets Commission, Credit Rating Institutions. Credit Rating : Kinds of Instruments Rated, Credit Rating Symbols, Credit Rating Advantages and Disadvantages, Credit Rating Agencies – MOODY’s, CRISIL, CARE, ICRA and Fitch India, Process of Credit Rating and Methodology, Services Rendered by Credit Rating Agencies, Solicited Rating and Unsolicited Rating, Equity Assessments Vs Equity Grading, Rating Methodology for Financial Services, Manufacturing Companies, Banks and Financial Companies, Mutual Funds, Insurance Companies and IPO Grading, Registration and Regulation of Credit Rating Agencies. Development Banks : Operational Policies and Practices of IDBI, ICICI, IFCI, SIDBI, UTI, LIC, WB, IFC, AFDB, ASDB, Role DFI’s, Instruments of Money Market, Public Sector, Private Sector, Foreign Banks, International Banking and Country Risk Assessment. Mechanism of Security Trading: Trading Mechanism of NSE, OTCEI, Scrip Less Trading, Depository System and Custodial Services, SEBI – its Objectives, Functions And Powers, Integration of Financial Markets.
Course Objectives
- To learn about the concepts of money and capital market instruments.
- To understand the role and function of financial institutions and regulatory bodies.
- To study the components of financial institutions and intermediaries.
- To address the role of financial services and various secondary market exchanges
Course Outcomes
The course will acquaint the student with specific financial management problems of financial institutions with a detailed study of the working of the leading financial institutions in India.
Essential Reading
- Arshadi, N., &Karels, G. V., Modern Financial Intermediaries., PHI.
- Guruswamy, S., Financial Markets & Institutions, Tata McGraw Hill.
Supplementary Reading
- Khan, M.Y., Indian Financial System., TMH.
- Bhole, L. M., Financial Institutions and Markets, TMH.