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Indian Financial System: Course Manual

This document outlines the course details for "Indian Financial System" including: 1. The course aims to provide students with insight into India's financial system and its components through topics like financial markets, intermediaries, services, and regulation. 2. Assessment includes a class test, group project, presentation, and final exam. 3. Sessions cover various financial markets, intermediaries, services and their role in the economy, as well as guest lectures from industry professionals.

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Vinod Panda
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72 views

Indian Financial System: Course Manual

This document outlines the course details for "Indian Financial System" including: 1. The course aims to provide students with insight into India's financial system and its components through topics like financial markets, intermediaries, services, and regulation. 2. Assessment includes a class test, group project, presentation, and final exam. 3. Sessions cover various financial markets, intermediaries, services and their role in the economy, as well as guest lectures from industry professionals.

Uploaded by

Vinod Panda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Knowledge Park-II, Greater Noida

COURSE MANUAL

INDIAN FINANCIAL SYSTEM

PGDM/RM/IB/FS (2010-12)
Facilitator E-mail ID Contact Details
Dr. Puneet Dublish [email protected] 0210-3374325
Dr. Gurendra Bhardwaj [email protected] 0120-3374335
Dr. Anubha Gupta [email protected] 0120-3374331

I. Course Overview:

The financial sector in India has developed tremendously thanks to the financial
sector reforms initiated with the advent of liberalization and globalization of Indian
economy. Today the growth of any economy depends on the efficiency of its financial
system in general and its components viz. financial market, financial intermediaries,
financial instruments and financial services in particular. A vibrant and efficient
financial system helps both Government and Corporates in raising long-term funds
and provide investors an avenue to park their savings while at the same time
providing liquidity to their investments. The subject – “Indian Financial System”, will
give students a holistic insight into the components and regulation of financial system
in India.

II. Course Topics:

1. Introduction to Financial System


2. Financial Markets & Instruments
3. Financial Intermediaries
4. Financial Services
5. Financial Regulation

III. Learning Outcome:


At the end of the course students will be able to understand:
• Structure of Financial System.
• Role of Financial System in the Economy.
• Classification of Financial Markets and Instruments
• Role of Financial Intermediaries.
• Types of Fund Based and Fee Based Financial Services.
• Role of Financial Regulators viz. RBI, SEBI and IRDA.
IV. Books and References:

Text Book :
1. “The Indian Financial System – Markets, Institutions and Services” by Bharati V.
Pathak, Second Edition (Pearson Education)

Other References:
1. “Indian Financial System” by M Y Khan, Sixth Edition (The McGraw-Hill Companies)
2. “Financial Institutions & Markets” by Bhole. Fourth Edition (The McGraw-Hill
Companies).
3. “Indian Capital Market” by Rao K. Chandra Shekhar. (APH Publishing).
4. “Capital Market: The Indian Financial Scene” by N Gopalsamy. (Macmilan India Ltd).
5. “Capital Markets” by Dr. S Gurusamy. Second Edition. (Tata McGraw Hill).

V. Journals/ Magazines: Dalal Street, Capital Market

VI. On-line Resources:


1. www.rbi.org,
2. www.nseindia.com,
3. www.bseindia.com,
4. www.sebi.com,
5. www.irda.org.
6. Moneycontrol.com

VII. Assessment Criteria

Components Weight (%) Session


Class Test 15 14th Session
Group Project 15 After 10 Session
Presentation 10 24 -26 Seession
End-Term Exam 60

VIII. Session Plan


Session
Topic
Date
Introduction:
• Components of Financial System
1 to 3 • Financial System & Economy
• Reforms
Financial Markets & Instruments:
• Money Market
• Capital Market
a) Equity Market – 1. Primary Market & Intermediaries, 2.
4 to 12 Secondary Market
b) Debt Market
• Derivative Market

13 Guest Lecture on Stock Market Trading


14 Class Test
Financial Intermdiaries:
• Development Financial Institutions
• Banking Institutions
15 to 18
• Non-Banking Institutions (NBFCs)
• Micro Finance Institutions

Financial Services:
• Leasing & Hire Purchase
• Factoring & Forfaiting
19 to 20 • Venture Capital
• Insurance
• Investment Banking
• Mutual Funds
• Stock Broking.
21 Guest Lecture on Insurance
Financial Regulation

• Regulation of the Capital Market


22 to 23
• The Securities Exchange Board of India
• The Reserve Bank of India
Group Project Presentation
24-26

Pedagogy: The teaching methodology is a judicious blend of lectures, real life situation
analysis, case studies, presentation by students of their project work and field study.

Group Project: Each group consisting of six students will develop a case on live issues
concerning Indian Financial System in general or any of its components in
particular. The group project will be followed by an individual presentation
from 24th to 26th session. The group project will constitute 15 marks and 10
marks will be for individual presentation.

Submission Date

Group project must be submitted by 22nd session of the term. Failure to submit without
good cause (illness supported by a medical certificate or similar) will result in a zero mark.

IX. SESSION DETAILS


Session 1, 2, 3: In this session the students will be introduced to -
i) Components of the formal financial system
ii) A Macro-economic framework analysis for exploring the role of the financial system
in the economy
iii) Relationship between the financial system and economic growth
iv) Indian Financial system in pre-reform period and post-reform

Learning Outcome: Understand Different components of financial system and its link
with economic growth.

Session 4 to 12: In this session the students will be introduced to –


i) Money market instruments
ii) Money market intermediaries
iii) Link between the money market and monetary policy in India
iv) An overview of money market
v) Functions of new issues/primary market
vi) Issue mechanism and intermediaries
vii) Equity Secondary Market – Stock exchanges and index, listing, trading and
settlement, internet trading, depositories
viii) Private and Public corporate debt market
ix) Government (Gilt-edged) securities market and primary dealers
x) Introduction to derivatives market and instruments

Learning Outcome: Understand money, equity, debt and derivative market, intermediaries
and instruments.

Session 13: In this session a speaker from industry will provide practical insight into stock
market trading

Session 15 to 18: In this session the students will be introduced to -

i)Various development financial institutions


ii) Scheduled commercial banks
iii) Regional rural banks
iv)Cooperative banking and financial inclusio
v)Non-banking financial companies including micro finance institutions. A case study will be
discussed on a micro finance institution.

Learning Outcome: Understand the role of financial intermediaries in the growth of an


economy.

Session 19, 20 & 21: In this session the students will be introduced to the basics of different
financial services like leasing & hire purchase, factoring & forfaiting, venture capital,
investment banking, mutual funds and stock broking. All these financial services will be dealt
in brief as the same will be covered in detail under Financial Service paper to be taught under
finance elective. Insurance will be covered in session 21 by a guest speaker from industry.

Learning Outcome: Understand the concepts, functions and nature of various financial
services.

Session 22 & 23: In this session the students will be exposed to various regulatory acts
applicable to the Indian financial system and understand the role of financial regulators like
SEBI and RBI.

Learning Outcome: Develop an understanding of the regulation of the capital market, role
and functions of SEBI and RBI.

Session 24, 25 & 26: Group project presentation.

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