Course Details
Subject {L-T-P / C} : HS1344 : Financial Market and Institutions { 3-0-0 / 3}
Subject Nature : Theory
Coordinator : Dr. Narayan Sethi
Syllabus
Modules:
1, Introduction of financial System- financial system and economy, Reforms in the financial system, Role of Indian financial system-structure of financial system, nature and role of financial system.
2. Financial Markets - the place of financial markets in the economy-real assets and financial assets, money market, capital market, primary market, secondary market, government securities market, foreign exchange market, debt market, and derivative market.
3. Development of Financial Institution and Instrument- new financial instrument, evolution of development bank, changing role of development financial institution, banking and non banking institution, Commercial banks, co-operative bank, mutual funds, insurance companies, and financial regulation.
4. Regulatory and Promotional Institutions- RBI, SEBI, the purpose of regulation, levels of regulations.
5. Non-Bank Financial Intermediaries and Statutory Financial Organization- Small saving, Provident funds, and pension funds
6. Foreign Capital Flows-Types of foreign capital Uses and determinants of foreign capital, Foreign Direct Investment (FDI),
Foreign Portfolio Investment.
Course Objectives
- The basic objective of the course is to provide comprehensive introduction to the functioning of financial market in the emerging context of deregulation and globalization of markets.
Course Outcomes
The topics such as the Indian financial system, organized and nonorganized financial sector, capital market, derivative market, and market volatility are covered in this course to equip the student with tools and technical apparatus necessary to analyze modern literature on financial markets and financial institutions.
Essential Reading
- L.M. Bhole, Financial Institutions and Markets: Structure, Growth and Innovation, Tata McGraw Hill Publishing Company Limited, New Delhi, 2009
- Bharati. V. Pathak, Indian Financial System, Pearson Education in South Asia Publishing Company, New Delhi, 2006
Supplementary Reading
- V.A Avadhani, Financial Economics: Theory and Practice, Financial Economics: Theory and Practice
- H.J. Johnson, Financial Institutions and Markets, Tata McGraw Hill Publishing Company Limited, NY,1993