UNIVERSITY OF MADRAS

B.COM BANKING AND INSURANCE MANAGMEMENT

(W.E.F.2018-19)
SCHEME OF EXAMINATION
SEMESTER I

Max

Ins Hrs
Marks

Credit
Course Component Name of the Paper

Total
Ext
Int
PART I Paper – I Tamil and Other Language 4 3 25 75 100
PART II Paper – I English 4 3 25 75 100
Core Paper I: Financial Accounting 6 4 25 75 100
PART III Core Paper II: Insurance Law and Regulation 6 4 25 75 100
Allied Paper I: Business Statistics 6 5 25 75 100
Basic Tamil / Advanced Tamil /
2 2 25 75 100
PART IV NME
Soft Skill – I 2 3 50 50 100

Non Major Elective Papers:-

Any one of the following:
1. Basics of Indirect Taxation
2. Basics of Retail Marketing
3. An Overview of ISO
4. Basics of Health Care Management.
SEMESTER II

Max
Marks
Int. Hrs

Credit

Course Component Name of the Paper

Total
Ext.
Int.

PART I Paper – II Language Paper – II 4 3 25 75 100

PART II Paper – II English Paper – II 4 3 25 75 100
Core Paper III Principles of Management 6 4 25 75 100
PART III Core Paper IV Theory of Money and Banking 6 4 25 75 100
Allied Paper II Elements of Operations Research 6 5 25 75 100
Basic Tamil / Advanced Tamil /
2 2 25 75 100
PART IV NME
Soft Skill – II 2 3 50 50 100
Non-major Elective Papers
Any one of the following:
1. Consumer Protection and Consumer Rights
2. Entrepreneurial Development
3. Fundamentals of Disaster Management
4. Concept of Self Help Group
 SEMESTER III

Max

Ins Hrs

Credit

Total
Marks
Course Component Name of the Paper

Ext.
Int.
Core Paper – V Corporate Accounting 6 4 25 75 100
Core Paper – VI Business Laws 5 4 25 75 100
Core Paper - VII Banking Theory Law and
PART 5 4 25 75 100
Practice
III
Core Paper - VIII Business Communication 5 3 25 75 100
Allied Paper III Computer Applications in
6 5 25 75 100
Business-I
Examination will be
PART Environmental Studies 1
held in Semester IV
IV
Soft Skill – III 2 3 50 50 100

SEMESTER IV

Max.

Ins Hrs
Marks

Credit
Course Component Name of the Paper

Total
Ext.
Int.
Core Paper – IX Advanced Corporate
6 4 25 75 100
Accounting
Core Paper – X Principles and Practice of Life
5 4 25 75 100
PART Insurance
III Core Paper – XI Financial Services 5 4 25 75 100
Core Paper – XII Company Law 5 3 25 75 100
Allied Paper IV Computer Applications in
6 5 25 75 100
Business-II
PART Environmental Studies 1 2 25 75 100
IV Soft Skill – IV 2 3 50 50 100

2
 SEMESTER V

MAX

Ins. Hrs

Credit
Marks
Course Components Name of the Paper

Total
Int.

Ext.
Core Paper XIII Marine Hull and Rural 6 4 25 75 100
Insurance
Core Paper XIV Retail Banking 6 4 25 75 100
Core Paper XV Fire and Motor Insurance 5 4 25 75 100
PART
Core Paper XVI International Banking 6 4 25 75 100
III
Any one from the list:
Elective Paper I 1. Credit Management
6 5 25 75 100
2. Business Interruption
Insurance
PART
Value Education 1 2 25 75 100
V

SEMESTER VI

Ins Hrs MAX

Credits
MARKS
Course component Name of the Paper

Total
CIA

UE
Core Paper –XVII Insurance and Risk 6 4 25 75 100
Management
Core Paper XVIII Technology in Banking 6 4 25 75 100
Cost & Management 5 4 25 75 100
Core Paper XIX
Accounting
PART 1.Health & Miscellaneous 6 5 25 75 100
III Insurance
Elective Paper II:
2.Global Financial
Markets
Any one from the list:
Elective Paper III:
1.Treasury Management 6 5 25 75 100
2. Reinsurance
PART
Extension Activities 1 1
V
*****
ACF’18

3
 UNIVERSITY OF MADRAS
B.COM. BANKING AND INSURANCE MANAGEMENT
(With effect from 2018-2019)
SYLLABUS
SEMESTER I
Core Paper I – FINANCIAL ACCOUNTING
No. of Credits: 4
Objectives
 To enable the students to know the Principles of accounting in general.
 To understand the practical applicability of Financial Accounting.

Unit I: Introduction
Meaning and Scope of Accounting - Objectives of Accounting - Basic Accounting
Concepts - Accounting Transactions - Double Entry Book Keeping - Journal - Ledger -
Preparation of Trial Balance - Preparation of Cash Book

Unit II: Final Accounts

Preparation of Final Accounts of a Sole Trading Concern

Unit III: Rectification of Errors and Bank Reconciliation Statement

Classification of Errors - Rectification of Errors - Preparation of Suspense A/c. Bank
Reconciliation Statement - Need and preparation

Unit IV: Depreciation and Insurance Claims

Depreciation - Meaning - Causes - Types - Straight Line method - Written down value
method - Concept of useful life under Companies Act, 2013
Insurance Claims - Calculation of Claim Amount - Average Clause

Unit V: Single Entry System

Meaning and Features of Single Entry System - Defects - Difference between Single
Entry and Double Entry System - Methods of Calculation of Profit - Statement of Affairs
Method- Conversion Method.

Note: Questions in Sec. A, B & C shall be in the proportion of 20:80 betweenTheory

and Problems.

Recommended Texts:
1. Gupta, R.L & Gupta, V.K, Principles and Practice of Accountancy, Sultan Chand &
Sons, New Delhi, 2013.
2. Jain & Narang, Financial Accounting, Kalyani Publishers, New Delhi, 2017.
3. Reddy, T.S & Murthy, A, Financial Accounting, Margham Publications, Chennai,
2012.
4. Shukla M.C., Grewal T.S., and Gupta S.C., Advanced Accounts Volume I, S.Chand &
Co., New Delhi, 2016.
5. Parthasarathy, S. & Jaffarulla, A. Financial Accounting, Kalyani Publishers, New
Delhi.
E-Resources:
www.accountingcoach.com
www.accountingstudyguide.com
www.futureaccountant.com
www.onlinelibrary.wiley.com
4
 Core Paper II – INSURANCE LAW AND REGULATION
No. of Credits: 4
Objectives
 To enable the students to understand the basic concepts of insurance.
 To impart specialized knowledge of insurance law and regulations
Unit I:
Definition and sources of Law – Judicial set up in India –– Insurance as a contract -
Legal principles: Principle of indemnity, Insurable interest, Subrogation, and Utmost good
faith History of Insurance Legislation in India –– Life Insurance Corporation Act 1956 –
General Insurance Business Nationalization Act 1973.
Unit II:
Current Legal Environment – Insurance Act 1938 ( as amended) & Insurance
Regulatory & Development Act.- An Overview – Insurance Sector Reforms - The Insurance
Regulatory Development Authority (IRDA) Act, 1999 – IRDA (Investment) Regulations
2000 – IRDA Guidelines for Insurance Brokers Securities and Exchange Board of India
(SEBI) Act, 1992 – SEBI Guidelines.
Unit III:
Insurance Intermediaries - Regulations issued by IRDA for Insurance Agents &
Brokers - Agency Contract – License to act as insurance agent – Authority of a life Insurance
Agent rights and responsibilities agent‘s compensation and hereditary commission
termination of agency – nomination facility – Licensing of Insurance Brokers – Role &
Responsibilities of Insurance Brokers.
Unit IV:
Legal Aspects of Life Assurance - Mortgage of Life Policies – Different kinds of
Proofs of Death - Various forms of Evidence of Testate – and Intestate Succession –
Presumption of Death – Indemnity & Guarantee – Attachments and Prohibitory Orders –
Provisions of Limitation Act as applicable to Insurance Contracts.
Unit V:
Exchange Control Regulations as applicable to General Insurance – IRDA Directions
for protections of policy holders – Consumer Protection Act 1986 – Arbitration &
conciliation Act –1996 vigilance set up Insurance Ombudsman.
Recommended Texts:
1. Mishra, K.C. and Bakshi, M, Legal and Regulatory Aspects of Insurance, Cengage
learning, Delhi, 2017.
2. Srinivasan, M.N, Principles of Insurance Law (Life - Fire - Marine - Motor and
Accident), Eastern Book Company, 10th Edition, 2017.
3. Murthy K.S.N, Sharma K.V.S, Modern Law of Insurance, LexisNexis Butterworths, 5th
Edition, 2013.
4. Murthy, A, Elements of Insurance, Margham Publications, Chennai, 2016.
5. Panda G.S, Ghanashyam, and Mahajan Monika, Principles and Practice of Insurance,
Kalyani Publishers, New Delhi, 2013.
6. Rajiv Jain, Insurance Law and Practice, Vidhi Publication Private Limited, 2001.
7. Bharat, Manual of insurance Laws, Bharat Publication Private limited, 2015.
8. Avtar Singh, Law of Insurance, Universal Publication Pvt. Limited, 2008.
9. George E. Rejda, Principles of Risk Management and Insurance, Pearson Prentice Hall,
12th Edition, 2013.
E-Resources:
www.hr.blr.com
www.irda.gov.in
www.legalworkplace.com
www.library.hku.hk
www.textbooks.com www.vakilno1.com
5
 Allied Paper I – BUSINESS STATISTICS

No. of Credits: 5
Objectives:
 To facilitate the understanding of the relevance and need of the subject Statistics in the
current scenario.
 To customize the importance of business statistics for the commerce students.

UNIT - I Introduction
Meaning and Definition of Statistics - Collection and Tabulation of Statistical Data -
Presentation of Statistical Data - Graphs and Diagrams

UNIT- II Measures of Central Tendency and Measures of Variation

Measures of Central Tendency - Arithmetic Mean, Median, Mode, Harmonic Mean
and Geometric Mean. Measures of Variation - Standard deviation - Mean Deviation -
Quartile Deviation - Skewness and Kurtosis - Lorenz Curve

UNIT- III Correlation and Regression Analysis

Simple Correlation - Scatter Diagram - Karl Pearson‘s Correlation - Spearman‘s Rank
Correlation - Regression - Meaning - Linear Regression.

UNIT - IV Time Series

Analysis of Time Series - Causes of variation in Time Series Data - Components of
Time series; Additive and multiplicative models - Determination of Trend by Semi average,
Moving average and Least squares (Linear, Second degree and Exponential) Methods -
Computation of Seasonal indices by Simple average, Ratio-to-moving average, Ratio-to
Trend and Link relative methods

UNIT: V Index Numbers

Meaning and Types of Index numbers - Problems in Construction of Index numbers -
Methods of Construction of Price and Quantity indices - Tests of adequacy - Errors in Index
numbers - Chain Base Index numbers - Base shifting - splicing – deflating - Consumer
Price index and its uses - Statistical Quality Control

Note : Questions in Sec. A, B & C shall be in the proportion of 20:80 between Theory
and Problems.

Recommended Texts:
1. Gupta, S.P, Statistical Methods, Sultan Chand & Sons, 2012.
2. Dhingra, I.C &Gupta, M.P, Lectures in Business Statistics, Sultan Chand and Sons,
New Delhi, 2009.
3. Gupta, S.P and Archana Agarwal, Business Statistics (Statistical Methods),
SultanChand and Sons, New Delhi, 9th revised edition, 2013.
4. Gupta, S.C, Fundamentals of Statistics, Himalaya Publishing House, 2016.
5. Sharma,J.K, Fundamentals of Business Statistic‘s, 2nd edition, Vikas PublishingHouse
Pvt. Ltd, 2013.
6. Rajagopalan, S.P, and Sattanathan, R, Business Statistics and OperationsResearch,
Vijaya Nicole Imprint Pvt. Ltd., Chennai, 2010.
7. Joseph Anbarasu, Business Statistics, Vijay Nicole Imprint Pvt. Ltd, Chennai, 2014.

6
E-Resources:
www.spss.co.in
https://statlearning.class.stanford.edu
http://www.mit.edu
www.springer.com

7
 Non-Major Elective I – BASICS OF INDIRECT TAXATION

No. of Credits: 2
Objectives:
 To make the students gain knowledge of taxation system in India.
 To enable the students to have the knowledge about GST.

Unit I: Introduction to Taxation

Functions and principles of taxation - Tax system in India
Meaning and Objectives of taxation - Canons of taxation – Indirect taxation –
meaning - Direct taxation – meaning, Difference between direct and indirect taxation

Unit II: Customs Duty

Customs duty – organisation of customs department – levy and collection of customs
duty – offences and penalties – exemptions from customs duty

Unit III: GST – Introduction

Introduction – Need for GST – Importance of GST – scope and coverage of GST

Unit IV: GST – Structure

Administrative structure of GST – CGST – SGST and IGST

Unit V: GST Rates

GST rate structure – rates for goods and services – refunds, demand and recovery –
appeals and revision

Recommended Texts:
1. Gaur, V.P and Narang, D.B, Puja Gaur and Rajiv Puri, Income Tax Law and Practice,
Kalyani Publications, 2017.
2. Reddy, T.S and Murthy, A, Business Taxation, Margham Publications, 2012.
3. Ahuja Girishand Gupta Ravi Practical Approach to Income Tax, Bharat Law House
Pvt., Ltd.,33rd Edition, 2016.
4. Sanjeev Kumar, Systematic Approach to Indirect Taxes with Practical Problems and
Solutions,Bharat Law House Pvt. Ltd., New Delhi, 2015
5. Datta, D.C, Layman‘s Guide on GST, Taxman Publications, 2017.
6. Taxman, GST Manual, 2017.
E-Resources:
https://www.taxmann.com
https://www.bankbazaar.com
https://tax.thomsonreuters.com
www.legalserviceindia.com
www.indiacorporateadvisor.com
www.tnvat.gov.in
www.cbec.gov.in
www.aces.gov.in

8
 Non-Major Elective I – BASICS OF RETAIL MARKETING

No. of Credits: 2
Objectives
 To enable students to understand about retail marketing
 To understand the ways that retailers use marketing tools and techniques to interact
with their customers.

Unit I:
Retailing – Definition – Retail Marketing – Growth of organized retailing in India –
Importance of retailing

Unit II:
Functions of Retailing – characteristics of Retailing – Types of Retailing – store
retailing – Non-store retailing

Unit III:
Retail location factors – Branding in retailing – private labeling – Franchising
concept.
Unit IV:
Communication tools used in Retailing – Sales promotion, e-tailing- window display

Unit V:
Supply chain management – definition – importance – Role of information
Technology in retailing

Recommended Texts:
1. Jain, J.N&Singh, P.P, Modern Retail Management: Principles and Techniques, Regal
Publications, New Delhi, 2012.
2. Suja Nair, Retail Management, Himalaya Publishing House, 2015.
3. Sivakumar, A, Retail Marketing, Excel Books India, 2007.
4. Natarajan,Retail Marketing, Margham Publications, 2016.
5. David Gilbert, Retail Marketing Management, Pearson Education, 2007.
6. Dunne, Lusch and Carver, Retailing, South Western Publisher.

E-Resources:
https://www.emarketer.com
https://www.marketingdonut.co.uk
https://www.forbes.com/

9
 Non-Major Elective I – AN OVERVIEW OF ISO

No. of Credits: 2
Objectives
 To understand the importance of ISO
 To enable the students to know about the requirements of ISO

Unit I:
An Introduction to ISO 9000, 9001,9002,9003 - The Quality systems to be certified-
Meaning of ISO- Benefits of ISO 9001- Certification- General Scheme of ISO 9001

Unit II:
QMS (Quality Management Systems) - Meaning- Principles of ISO 9001-2000-
Preparing a specimen QMS – future of ISO? – QMS Documentation- QMS Process &
Measurement

Unit III:
ISO 9001-2000 Requirements- Explanation of main clauses – Time Line and cost
Implication of Implementing.
Unit IV:
ISO 9001-2000 and QIS- Comparison of ISO 901 and the capability Maturity Model
for software - Certification bodies operating Multinationals

Unit V:
ISO and how to hire an ISO 9000 Consultant- What is Internal Quality Auditing

Recommended Texts:
1. Chakraborty, A.K, Basu, P.K, andChakravarthy, S.C, Guide to ISO 9001-2000, Asian
Books Pvt. Ltd., 2005.
2. Divya Singhal and Singhal K.R, Implementing ISO 9001: 2008 Quality Management
System, Prentice Hall India Learning Private Limited, 2nd Edition, 2012.
3. Charles A. Cianfrani, John E, ISO 9001:2015 Explained, Infotech Standards/ASQ; 4th
Edition, 2016.
4. VirendraKumar Gupta, Understanding ISO 9001 : 2015 Quality Management System,
2nd Edition,Kojo Press, 2017.
5. Marilyn R.Block, Integrating ISO 14001 into A Quality Management System –
Hardcover, New Age Publishers, 2010.

E-Resources:
https://www.iso.org

10
 Non-Major Elective I – BASICS OF HEALTH
CARE MANAGEMENT

No. of Credits: 2
Objectives
 To enable the students to know about basics of health care management
 To help the students to know about personal, family and community health care management

Unit I: PERSONAL (SELF) HEALTH CARE

Personal Hygiene – Personal Diet pattern – Self health maintenance by yoga and other
spiritual practice – Drills

Unit II: FAMILY HEALTH CARE

Family hygiene – group health care by vaccination – propitiation and prevention –
Sanitation and diet patterns

Unit III: COMMUNAL HEALTH CARE

Mass – Hygiene (Social Hygiene) – Environmental Hygiene - Communal health care
centres – Hospitals – Statistical bodies - Government and Non government organizations
(NGO) for propagation of nutritious diet patterns - maintained by voluntary health
organizations and government schemes.

Unit IV:HEALTH AWARENESS

Health awareness programme organized by governmental and non governmental
agencies. Communal amenity programme

Unit V: HEALTHDISASTER MANAGEMENT

First Aid – Disaster management techniques like epidemic eruption control,
management and eradication.

Recommended Text:
1. Srilakshmi, B, Dietetics, Newage International Publishers, 2003.
2. Shubangini, A. Joshi, Nutrition and Dietetics, Tata McGraw Hill, 1992.
3. Mudambi, R, Fundamentals of Foods, Nutrition and Diet Therapy, Newage Publishers,
2001.
4. Park K, Preventive and Social Medicine, Bhanot Publishers, 23rd Edition, 2015.
5. Sharon Bell Buchbinder and Nancy H. Shanks, Introduction To Health Care
Management, Jones and Bartlett Publishers Inc, 2ndEdition, 2011.
6. Lawrence F. Wolper Health Care Administration: Managing Organized Delivery
Systems, Jones & Bartlett Learning; 5th Edition, 2010.
7. Lawton Burns, Elizabeth Bradley, Bryan Weiner, Health Care Management:
Organization Design And Behavior, Delmar Cengage Learning , 2012.
8. Sharon Bell Buchbinder, Nancy H. Shanks, Dale Buchbinder, Cases In Health Care
Management, Jones and Bartlett Publishers Inc, 1st Edition, 2013..

E-Resources:
https://www.ncbi.nlm.nih.gov
mastersinhealthadministration.org
https://books.google.co.in

11
 SEMESTER II

Core Paper III – PRINCIPLES OF MANAGEMENT

No. of Credits: 4
Objectives
 To make the students understand the basic concepts of management.
 To prepare the students to know about the significance of the management in business.

Unit I: Introduction
Definition - Importance - Nature and Scope of Management - Process of Management
- Role and functions of Managers - Levels of Management - Scientific Management -
Contributions to Management by different Schools of thought.

Unit II: Planning

Nature - Importance - Types of Planning - Steps in planning - Objectives of Planning
- Policies - Decision making Process - Types of Decisions.

Unit III: Organisation

Meaning and Types of organisations - Principles - Formal and Informal organisation -
Organisation Structure - Span of Control - Departmentalisation - Basis - Meaning and
Importance of Departmentalisation - Policies - Meaning and Types - Procedures -
Forecasting.

Unit IV: Authority and Responsibility

Authority - Definition - Sources - Limitations - Difference between Authority and
Responsibility - Delegation of Authority - Meaning - Principles and importance -
Centralization Vs Decentralization.

Unit V: Direction Co-ordination & Control

Direction - Nature - Purpose. Co-ordination - Need - Types and Techniques -
Requisites for Excellent Co-ordination. Controlling - Meaning - Importance - Control
Process.

Recommended Texts:
1. Gupta, C.B, Management Theory & Practice, Sultan Chand & Sons, New Delhi, 2017.
2. Prasad, L.M, Principles & Practice of Management, Sultan Chand & Sons, New Delhi,
9th Edition,2015.
3. Tripathi, P.C & Reddy, P.N, Principles of Management, Tata McGraw–Hill Education
Pvt. Ltd., New Delhi, 5th Edition, 2012.
4. Weihrich and Koontz, Management:A Global Perspective, McGraw-Hill College, 10th
Edition, 1993.
5. Jayasankar, J, Business Management, Margham Publications, Chennai, 1st Edition,
2009.
6. Sundar, K, Principles of Management, Vijay Nicole Imprints Pvt., Ltd., Chennai, 2014.

E-Resources:
www.wisdomjobs.com
www.aima.in
www.clep.collegeboard.org
12
 Core Paper IV – THEORY OF MONEY AND BANKING

No. of Credits: 4
Objectives
 To enable the students to understand the basic concepts of banking
 To enable the students to understand the Indian Banking system.

Unit I: Introduction
Introduction to Money - Kinds - Functions and Significance - Demand for and Supply
of Money - Monetary Standards - Gold Standard - Bimetallism and Paper Currency Systems -
Paper Money - Money Market.

Unit II: Commercial Banking

Classification of Banks - Functions - Creation of Credit - Balance Sheet – Investment
Policies - Bank Assets - Banking Structure - Clearing Houses.

Unit III: Central Banking

Central Banking - Evolution - Definition - Concepts - Functions - Qualitative
Methods of Credit Control.

Unit IV: Foreign Exchange Mechanism

Foreign Exchanges - Exchange Market and Rates of Exchange - Exchange Control

Unit V: Indian Banking System

Indian Banking - Reserve Bank of India - Organisation - Management - Functions –
NABARD - State Bank of India - Exchange Banks - Commercial Banks - Indigenous Banks -
Co-operative Banks.
Recommended Texts:
1. Gurusamy, S, Banking Theory: Law and Practice, Vijay Nicole Publications, Chennai,
2014.
2. Sundaram, K.P.M, Money, Banking & International Trade, Sulltan Chand & Sons, New
Delhi, 2009.
3. Radha Swamy, M, Vasudevan, S.V, Law Practice Theory of Banking, S.Chand &
Company Ltd., New Delhi, 2003.
4. Sundaram, K.P.M. & Varshney,P.N, Banking Theory Law & Practice, Sultan Chand &
Sons, New Delhi, 2014.
5. Santhanam B, Banking Theory: Law and Practice, Margham Publications, 5th
Edition,2012.

E-Resources:
www.moneyandbanking.com
www.investopedia.com
www.thegreatcourses.com
www.economics.stanford.edu

13
 Allied Paper II – ELEMENTS OF OPERATIONS RESEARCH
No. of Credits: 5
Objectives
 To facilitate the understanding of the concept of operation research.
 To help the students to understand the various techniques of solving problems in
operations research.

UNIT-IIntroduction
Operations Research - Meaning - Definition - Origin and History - Characteristic
features- Need - Scope - Steps - Techniques - Application - Limitations.

UNIT-IILinear Programing Problem (LPP)

Meaning - Requirements - Assumptions - Applications - Formulating LPP -
Advantages - Limitations - formulating LP Model (simple problems only)

UNIT-IIIMethods of LPP
Obtaining Optimal solution for Linear Programing Problem (LPP) - Graphical
Method - Problems - Simplex Method for type of LPP & for Slack Variable Case -
Maximization Function - Minimization Function (simple problems only)

UNIT-IVTransportation Problems
Meaning - (Initial Basic Feasible Solution) - Assumptions - Degenerate Solution -
North - West Corner Method - Least Cost Method - Vogel‘s Approximation Method -
Assignment Problems - Features - Transportation Problem Vs Assignment Problem -
Hungarian Method (Simple problems only)

UNIT-VGame Theory
Meaning - Types of Games - Basic Assumptions - Finding value of game for Pure
Strategy- Mixed Strategy - Indeterminate Matrix and Average Method - Graphical Method -
Pure
Strategy - Saddle Point - Pay off Matrix Value of game (simple problems only)
Note : Questions in Sec. A, B & C shall be in the proportion of 20:80 between
Theory and Problems.
Recommended Texts
1. Agarwal, N.P. and Sonia Agarwal, Operations Research and Quantitative techniques,
RB S A Publishers, New Delhi, 2009.
2. Gurusamy,S, Elements of Operations Research, Vijay Nicole Imprints, Chennai, 2015.
3. Anand Sharma, Operations Research, Himalayan Publishing House, Mumbai, 2014.
4. Gupta, P.K & Gupta, S.P, Quantitative Techniques & Operations Research,
SultanChand and Sons, New Delhi, 2014.
5. Kanti Swarup, Gupta,P.K & Man Mohan, Operations Research, Jain Book
Agency,New Delhi, 2014.
6. Sarangi, S.K, Applied Operations Research and Quantitative Methods,
HimalayaPublishing House,Mumbai, 2014.
6. Shridhara K. Bhat, Operations Research, Himalayan Publishing House, Mumbai, 2011.
E-resources
http://www.learnaboutor.co.uk/
http://www.theorsociety.com/
www.orcomplete.com/
http://www.orsi.in/LK

14
 Non-Major Elective II – CONSUMER PROTECTION AND CONSUMER RIGHTS

No. of Credits : 2
Objectives
 To enable the students to understand about consumer protection and consumer rights.
 To help the students to know about basic procedures for handling consumer dispute.

Unit I:
Introduction of consumer protection act1986-other amendments-salient features

Unit II:
Definitions of the terms-consumer - appropriate laboratory - complainant - consumer
dispute – complaint- restrictive trade practice

Unit III:
The various consumer rights-right to safety, Right to information, Right to choose -
right to be heared -Right against exploitation -Right to consumer education

Unit IV:
Consumer protection councils- Central – State

Unit V:
Consumer disputes redressal agencies -Direct forum-state commission-national
commission

Recommended Texts:
1. Rega Surya Rao, Lectures on Torts And Consumer Protection Laws, Asia Law House,
Hyderabad, 2nd Edition,2017.
2. Rakesh Khanna, Consumer Protection Laws, Central Law Agency, 3rd Edition, 2005.
3. Mohammed Kamalun Nabi, Consumer Rights and Protection in India New Century
Publications, 2015.
4. David Oughton and JohnLowry, Textbook on Consumer Law, Blackstone Press, 2000.
5. Satya Sundaram, I, Consumer Protection in India, B.R Publishing Corporation, 2016.

E-Resources:
www.scottishlawreports.org.uk/resources/links/consumer-law.html
https://www.consumerprotection.govt.nz
https://www.hg.org/

15
 Non-Major Elective II – ENTREPRENEURIAL DEVELOPMENT

No. of Credits : 2
Objectives
 To make the students to understand the concept of Entrepreneurship
 To enable the students to know about various Entrepreneurship development
programmes.

Unit I: Concept of Entrepreneurship

Entrepreneurship - Meaning - Types - Qualities of an Entrepreneur - Classification of
Entrepreneurs - Factors influencing Entrepreneurship - Functions of Entrepreneurs.

Unit II: Entrepreneurial Development Agencies

Commercial Banks - District Industries Centre - National Small Industries
Corporation - Small Industries Development Organisation - Small Industries Service
Institute. All India Financial Institutions. SIPCOT and its objectives. MSME Sector and its
coverage- Objectives of Ministry of MSME. Role and Functions of MICRO Small and
Medium Enterprises - Development Organisation (MSME - DO) - Objectives of SIDCO -
Functions of Tamil Nadu SIDCO - IRBI and its Role. NABARD and its role in the Rural
Development of India - Introduction to Micro Units Development Refinance Agency
(MUDRA).

Unit III: Project Management

Business idea generation techniques - Identification of Business opportunities -
Feasibility study - Marketing, Finance, Technology & Legal Formalities - Preparation of
Project Report - Tools of Appraisal.

Unit IV: Entrepreneurial Development Programmes

Entrepreneurial Development Programmes (EDP) - Role, relevance and achievements
- Role of Government in organizing EDPs- Critical evaluation.

Unit V: Economic development and Entrepreneurial growth

Role of Entrepreneur in Economic growth - Strategic approaches in the changing
Economic scenario for small scale Entrepreneurs - Networking, Niche play, Geographic
Concentration, Franchising / Dealership - Development of Women Entrepreneurship. Self-
help groups and empowerment of Women in India - Financing SHG and their role in Micro-
financing. Financial inclusion and its penetration in india, Challenges and Government role in
Financial inclusion - Pradhan Mantri Jan-Dhan Yojana - Six Pillars of Its Mission objectives.
Recommended Texts:
1. Saravanavel, P. Entrepreneurial Development, Principles, Policies and Programmes,
Ess Pee Kay Publishing House, Chennai, 1997.
2. Tulsian, P.C & Vishal Pandey, Business Organization and Management,
PearsonEducation India, Delhi, 2002.
3. Janakiram, B, and Rizwana, M, Entrepreneurship Development, Text and Cases,
ExcelBooks India, Delhi, 2011.
4. Arun Mittal & Gupta, S.L, EntrepreneurshipDevelopment, International Book
HousePvt., Ltd., Mumbai, 2011.
5. Anil Kumar, S, Poornima, S, Abraham, K, and Jayashree, K, Entrepreneurship
Development, New Age International (P) Ltd, Delhi, 2016.
6. Gupta, C.B and Srinivasan, N.P, Entrepreneurial Development, Sultan Chand & Sons,
2014.
7. Raj Shankar, Entrepreneurship, Vijay Nicole Imprints, 1st Edition, 2011.
16
E-Resources:
http://inventors.about.com/od/entrepreneur/
http://learnthat.com/tag/entrepreneurship/
www.managementstudyguide.com
www.quintcareers.com
www.entrepreneur.com

17
 Non-Major Elective II – FUNDAMENTALS OF DISASTER MANAGEMENT

No. of Credits : 2
Objectives
 To develop an understanding of the process of Disaster Management.
 To enable students to understand the Disaster training, utilisation of resources and
public awareness.

Unit I:
Meaning, definition, basic aspects and types of disasters.

Unit II:
Stages in Disaster - Pre, during and post disaster.

Unit III:
Disaster Mitigation – guiding principles of Mitigation. Formulation and
implementation of Mitigation programmes.

Unit IV:
Disaster training – Utilisation of resources, training and public awareness.

Unit V:
Disaster Management policy and legislation; Disaster Management – Strategy in
India.

Recommended Texts:
1. Sundar, I and Sezhiyan, T,Disaster Management, Sarup and Sons, New Delhi, 2007.
2. CarterW. Nick, Disaster Management: A Disaster Manager‘s Hand Book, Asian
Development Bank, Manila, 2008.
3. Prasad, S, Natural Disaster Management, Destruction, Safety and Precautions,
Mangalam Publishers and Distributors, New Delhi, 2007.
4. Bose B.C, Introduction to Disaster Management, Rajat Publication, 2007.
5. Harsh K. Gupta, Disaster Management, Universities Press 2003.

E-Resources:
https://disasterinfo.nlm.nih.gov
www.sccm.org
www.wcpt.org

18
 Non-Major Elective II – CONCEPT OF SELF HELP GROUP

No. of Credits : 2
Objectives
 To enable the students to know about the various activities undertaken by SHGs
 To develop an understanding of the role of Government & NGO‘s for the development
of SHGs

Unit I:
Meaning, Concept and Functions of SHGS – objectives of SHGs – goals of SHGs –
formation of SHGs – working of SHGs –– training of SHGs - Types of Self Help Groups

Unit II:
Women empowerment through SHGS - Understanding Entrepreneurship -
Entrepreneurship and Self Help Group activity - Capacity Building for SHG Development
Developing Entrepreneurial Motivation - Motivating people for self help group - Attitudes,
competencies & skills - Achievement motivation - Risk taking behaviour - Investment
Orientation - Emotional Intelligence Business Idea Generation - Sensing new opportunities -
Market survey - Opportunity based on skills/trade/services Enterprise Feasibility

Unit III:
Financing by SHGs – Micro finance through SHGS - Study of institutions engaged in
promoting & development SHGs - Study of micro enterprises and income generation projects
run by SHGs

Unit IV:
Social Development through SHGS - Group Dynamics - Saving & Micro Credit -
Rating of Self Help Group/NGO - Building Self Help Group & Leadership - SHG & Cluster
Development Entrepreneurship Orientation for SHG

Unit V:
Role of Govt. and NGO‘s in fostering SHGS - Importance and Government
assistance - Bank Linkage Model and its working.

Recommended Texts:
1. Setty, E.D, Clinical approach to Promotion of Entrepreneurship among Women,
Anmol Publications Pvt., Ltd., New Delhi, 2004.
2. Ganesamurthy, V.S, Empowerment of Women in India, New Century Publications,
New Delhi, 2008.
3. Lalitha, N, Readings in Microfinance, Dominant Publishers and Distributors, New
Delhi, 2008.
4. Karmakar, K.G, Rural Credit and Self Help Groups, Micro finance Needs &Concepts
in India, Sage Publications, New Delhi, 1st Edition, 1999.
5. Verma, S.B, and Pavar Y.T, Rural Empowerment through, SHGS, NGO‘s & PRI‘s,
Deep & Deep Publications, New Delhi 2005.
6. Gariyali C.K, and Vettivel S.K, Women‘s Own; the Self help movement of Tamil
Nadu, Vetri Publishers, New Delhi, 2004.
E-Resources:
www.readindia.in/shg.html
https://www.ncbi.nlm.nih.gov/
shodhganga.inflibnet.ac.in
19
 SEMESTER III

Core Paper V – CORPORATE ACCOUNTING

No. of Credits: 4
Objectives
 To enable the students to prepare Company accounts.
 To motivate the students to understand the various Provisions of the Companies Act.
Unit I : Share Capital
Issue of Shares - Types of Shares - Forfeiture of shares - Reissue of shares -
Underwriting of shares - Stock split - Meaning of Redemption - Redemption of Preference
Shares.

Unit II : Debentures & Acquisition of Business

Meaning - Types of Debentures - Issue - Underwriting of Debentures - Redemption of
Debentures. Acquisition of Business - Meaning - Profit Prior to Incorporation.

Unit III : Final Accounts

Final Accounts - Preparation of P & LA/c and Balance Sheet – Managerial
Remuneration- Calculation and Legal Provisions.

Unit IV : Valuation of Shares and Goodwill

Valuation of Shares and Goodwill - Meaning - Methods of Valuation of Shares and
Goodwill.

Unit V : Special Accounts

Accounting for Price Level Changes - Human Resource Accounting – Computerized
Accounting Meaning.

Note : Questions in Sec. A, B & C shall be in the proportion of 20:80 between Theory
and Problems.

Recommended Texts:
1. Gupta, R.L & Radhaswamy, M, Advanced Accountancy Volume I, Sulthan Chand,
New Delhi, 2017.
2. Jain, S.P & Narang, K.L, Advanced Accounting,Kalyani Publications, 2014.
3. Reddy, T.S. & Murthy, A, Corporate Accounting, Margham Publications, Chennai,
2012.
4. Shukla, M.C& Grewal,T.S. & Gupta, S.C, Advanced Accounts, S.Chand & Co., New
Delhi, 2016.
5. Maheswari, S.N and Maheswari, S.K, Corporate Accounting, Vikas Publishing House
Pvt., Ltd., Noida, 2009.

E-Resources:
www.accountingcoach.com
www.accountingstudyguide.com
www.futureaccountant.com
www.education.svtuition.org

20
 Core Paper VI – BUSINESS LAWS

No. of Credits: 4
Objectives
 To highlight the Provisions of Law governing the General Contract and Special
Contracts.
 To enable the students to understand the Legal Remedies available in the Law to the
Business and other People.

Unit I : Formation of Contract

Indian Contract Act - Formation - Nature and Elements of Contract - Classification of
Contracts - Contract Vs Agreement.

Unit II : Offer, Acceptance and Consideration

Offer - Definition - Forms of Offer - Requirements of a Valid Offer. Acceptance –
Meaning - Legal rules as to a Valid Acceptance. Consideration - Definition - Types -
Essentials.

Unit III : Other Elements of Valid Contract

Capacity of Parties - Definition - Persons Competent to contract. Free consent –
Coercion - Undue Influence - Fraud - Misrepresentation - Mistake. Legality of object - Void
agreements - Unlawful Agreements.

Unit IV : Performance of Contract

Performance of Contracts - Actual Performance - Attempted Performance - Tender.
Quasi Contract - Definition and Essentials. Discharge of Contract - Modes of Discharge -
Breach of Contract - Remedies available for Breach of Contract.

Unit V : Sale of Goods Act

Sale - Contract of Sale - Sale Vs Agreement to Sell - Meaning of Goods - Conditions
and Warranty - Caveat Emptor - Exceptions of Caveat Emptor - Buyer and Seller of Goods -
Unpaid Seller - Definition - Rights of an Unpaid Seller.

Recommended Texts:
1. Kapoor, N.D, Business Laws, Sultan Chand and Sons, 2016.
2. Sreenivasan, M.R, Business Laws, Margam Publications, 2012.
3. Pillai, R.S.N & Chand, S, Business Law, S.Chand & Co, Delhi, 2014.
4. Shukla, M.C, A Manual of Mercantile Law, S.Chand & Co., 2013.
5. Balachandran, V & Thothadri,S, Business Law, Vijay Nicole Imprints Pvt. Ltd.
Chennai, 2013.

E-Resources:
www.cramerz.com
www.digitalbusinesslawgroup.com
http://swcu.libguides.com/buslaw
http://libguides.slu.edu/businesslaw

21
 Core Paper VII – BANKING THEORY LAW AND PRACTICE
No. of Credits: 4
Objectives
 To facilitate the understanding of the origin and the growth of the Indian Banking
System.
 To understand the Modern day developments in Indian Banking Sector.
Unit I: Introduction to Banking
History of banking - Components of Indian banking - Indian banking system - Phases
of development - Banking structure in India - Payment banks and Small Banks - Commercial
banking - Definition - Classification of banks. Banking system - Universal banking -
Commercial Banking - functions - Role of Banks in Economic Development. Central
Banking - Definition - Need - Principles - Central Banking Vs. Commercial banking -
Functions of Central bank.

Unit II: RBI

Establishment - Objective - Legal framework - Functions - SBI - Origin and
History - Establishment - Indian subsidiaries - Foreign subsidiaries - Non-banking -
Subsidiaries - Personal banking - International banking- Trade financing - Correspondent
banking. Co-operative banks - Meaning and Definition - Features - Co-operative banks Vs
Commercial banks - Structure.

Unit III: E-Banking

Meaning - Services - e-banking and Financial services - Initiatives - Opportunities -
Internet banking - Meaning - Internet banking Vs Traditional banking - Services - Drawbacks
- Frauds in Internet banking. Mobile banking - Meaning - Features - Services - Security
issues - Electronic Mobile Wallets. ATM - Evolution - Concept - Features - Types -
Mechanism - Functions. Electronic money - Meaning - Categories - Merits of e-money -
Electronic Funds Transfer (EFT) system - Meaning - Steps - Benefits.

Unit IV: Bank Account

Opening - Types of accounts - FDR - Steps in opening Accounts - Savings Vs Current
Account - ‗Donatio Mortis Causa‘ - Passbook - Bank Customer Relationship - Special Types
of customers - KYC norms. Bank Lending - Lending sources - Bank Lending Principles -
Forms of lending - Loan evaluation process - Securities of lending - Factors influencing Bank
lending - Negotiable Instruments - Meaning - Characteristics - Types. Crossing - Definition
- Objectives - Crossing and negotiability - Consequences of crossing.

Unit V: Endorsement
Meaning - Components - Kinds of Endorsements - Cheques payable to fictitious
persons - Endorsement by legal representative - Negotiation back - effect of endorsement -
Rules regarding endorsement. Paying banker - Banker‘s duty - Dishonoring of cheque -
Discharge of paying banks - Payment of a crossed cheque - Material alteration - Statutory
protection under Section 85 - Refusal of cheque payment. Collecting Banker - Statutory
protection under section 131 - Collecting banker‘s duty - RBI instructions - Paying banker Vs
Collecting Banker - Customer grievances - Grievances redressal - Banking Ombudsman.

Recommended Texts:
1. Gurusamy, S, Banking Theory: Law and Practice, Vijay Nicole Publications, Chennai,
2014.
2. Clifford Gomez, Banking and Finance, Theory, Law and Practice, Jain Book Agency,
Mumbai, 2011.
3. Gupta, R.K, Banking Law and Practice, Jain Book Agency, New Delhi, 2012.
22
 4. Sundaram and Varshney, Banking Theory Law and Practice, Sultan Chand &Co., New
Delhi, 2015.
5. Maheswari, S.N, Banking Law Theory and Practice, Kalyani Publications, Mumbai,
2009.
6. Santhanam, B, Banking Theory: Law and Practice, Margham Publications, 5thEdition,
2012.

E Resources:
www.lawcommissionof india.nic.in
www.rbi.org
www.bankingombudsman.org

23
 Core Paper VIII –BUSINESS COMMUNICATION

No. of Credits: 3
Objectives
 To facilitate the students to understand the concept of Communication.
 To know the Basic Techniques of the Modern forms of Communication.

Unit I : Communication
Definition - Methods - Types - Principles of Effective Communication - Barriers to
Communication - Business letters - lay out.

Unit II : Business Letters

Meaning - Kinds of Business Letters - Application for a situation - Interview -
Appointment letter - Acknowledgement - Promotion - Enquiries - Reply Letter to Enquiries -
Orders - Sales Letter - Circular Letter - Complaints Letter.

Unit III : Correspondence

Bank Correspondence - Insurance Correspondence - Agency Correspondence -
Correspondence with Share Holders & Directors.

Unit IV : Reports and Meetings

Reports - Meaning - Writing of Reports - Meetings - Agenda - Minutes -
Memorandum - Office order - Circular Notes.

Unit V : Forms of Communication

Modern forms - Fax - email - video conference - internet - websites - uses of the
various forms of communication.
Recommended Texts:
1. Rajendra Paul & Korlahalli, J.S, Essentials of Business Communication, Sultan Chand
& Sons, New Delhi, 2014.
2. Shirley Taylor, Communication for Business, Pearson Publications, New Delhi, 2015.
3. Bovee, Thill, Schatzman, Business Communication Today, Pearson Education Private
Ltd , New Delhi, 13th Edition, 2015.
4. Penrose, Rasbery, Myers, Advanced Business Communication, South-Western,
Bangalore, 2015.
5. Simon Collin, Doing Business on the Internet, Kogan Page Ltd, London, 1997.
6. Mary Ellen Guffey, Business Communication – Process and Product, South-Western
Cengage Learning, 2016.
7. Sundar, K, & Kumararaj, A, Business Communication, Vijay Nicole Imprints Pvt. Ltd.,
Chennai, 2017.

E-Resources:
www.newagepublishers.com
www.managementstudyguide.com
www.businesscommunication.org
www.smallbusiness.chron.com

24
 Allied Paper III – COMPUTER APPLICATIONS IN BUSINESS I

No. of Credits: 5
Objectives
 To enable the students to understand the basics of Tally Accounting Software.
 To make the students do simple applications of Tally in Business operations

Tally ERP 9.0

Unit I:
Introduction to Tally.ERP 9 –list of ledgers and groups in Tally ERP 9.0 - Preparation
of Trial Balance

Unit II:
Preparation of final accounts – balances of fixed assets, current assets, share holders
funds, short-term and long term liabilities - final accounts with adjustments

Unit III:
Voucher entries postings – preparation of accounting vouchers – preparation of
inventory vouchers

Unit IV:
Purchase and sales order entries – processing, allowing invoice with inventory details

Unit V:
Introduction to GST – preparation of accounting entries for GST – with input tax
credit, reversal credit

25
 SEMESTER IV

Core Paper IX – ADVANCED CORPORATE ACCOUNTING

No. of Credits: 4
Objectives
 To make the students understand the applications of accounting transactions in
corporate sector.
 To facilitate the students to understand the Provision of the Indian Companies Act,
2013.

Unit I : Alteration of Share Capital

Meaning - Internal Reconstruction - Reduction of Share Capital.

Unit II : Merger and Acquisitions

Amalgamation, Absorption and External Reconstruction of Companies.

Unit III : Holding CompanyAccounts

Holding Company - Subsidiary Company - Meaning - Preparation of Consolidated
Final Statement of Accounts - Treatment of Dividend. (Inter - Company Owing excluded)

Unit IV : Banking Company Accounts

Preparation of Final Accounts of Banking Companies.

Unit V : Insurance Company Accounts

Preparation of Final Accounts of Insurance Companies.

Note : Questions in Sec. A, B & C shall be in the proportion of 20:80 between Theory
and Problems.

Recommended Texts:
1. Gupta, R.L & Radhaswamy, M, Advanced Accountancy Volume II, Sulthan Chand,
New Delhi, 2017.
2. Jain, S.P & Narang, N.L, Advanced Accounting, Kalyani Publications, 2017.
3. Reddy, T.S& Murthy. A, Corporate Accounting, Margham Publications, Chennai,
2016.
4. Shukla, M.C & Grewal, T.S & Gupta, S.C, Advanced Accounts, S.Chand & Co., New
Delhi, 2017.
5. Maheswari, S.N and Maheswari, S.K, Corporate Accounting, Vikas Publishing House
Pvt. Ltd. Noida, 2009.

E-Resources:
www.accountingcoach.com
www.accountingstudyguide.com
www.futureaccountant.com
www.education.svtuition.org

26
 Core Paper X – PRINCIPLES AND PRACTICE OF LIFE ASSURANCE

No. of Credits: 4
Objectives
• To make the student understand basics of Life Assurance.
• To provide knowledge of various types of Life Assurance Policies and benefits to
policy holders

Unit I:
Meaning of Life Assurance – The Evolution and Growth of Life Assurance – Basic
Principles of Assurance – Life Assurance Organizations in India – Competition and
Regulation of Life Assurance.

Unit II:
Types of Life Assurance Policies – Term Life Assurance – Whole Life Assurance –
Endowment Life Assurance – Unit Linked Policies with or without Profit Policies –Customer
Evaluation – Policy Evaluation – Cost and Benefit – Group and Pension Assurance Policies –
Special features of Group Assurance / Super Annuation Schemes – Group Gratuity Schemes
– Super Annuation schemes.

Unit III:
Computation of Premiums and Settlement of claims: Premium defined – Premium
Calculation Including Rebates – Mode of Rebates – Large sum assured Rebates – Premium
Loading – Rider Premiums – Computation of Benefits – Surrender value – Paid up value –
Settlement of claims: Intimation procedure, documents and settlement procedures.

Unit IV:
Underwriting: The need for underwriting – Guiding principles of Underwriting –
Factors affecting Insurability – Methods of Life Classification – Laws affecting
Underwriting.

Unit V:
Financial Planning and taxation: Savings – Assurance vis-à-vis- Investment in the
Units Mutual Funds, Capital Markets – Life Assurance in Individual Financial Planning –
Implications in IT treatment.

Recommended Texts:
1. Kanika Mishra, Fundamentals of Life Insurance: Theories and Applications, Prentice
Hall of India, New Delhi, 2014.
2. Kutty, S.K, Managing Life Insurance, Prentice Hall of India, New Delhi, 2015.
3. Black, Jr. Kenneth and Harold Skipper Jr., Life and Health Insurance, Prentice Hall,
Inc., England, 2016.
4. Mishra, K.C and Kumar, C.S, Life Insurance: Principles and Practice, Cengage
Learning, New Delhi, 2015.
5. Sadhak, H, Life Insurance in India, Respose Books, New Delhi, 2015.
E-Resources:
www.licindia.com
www.insurancepandit.com
www.insurancebrokerindia.com
www.insuranceinstituteofindia.com
www.insureatclick.com

27
 Core Paper XI – FINANCIAL SERVICES
No. of Credits: 4
Objectives
 To enable the students to understand the world of financial services.
 To facilitate the understanding of the various Financial Services
UNIT I : Introduction
Financial Services – Concept – Objectives – Functions – Characteristics –Financial
Services Market – Concept – Constituents - Growth of Financial Services in India - Financial
Services Sector Problems-Financial Services Environment – The Forces-Players in Financial
Markets-Interest Rate Determination-Macro Economic Aggregates in India.
UNIT II : Merchant Banking and Public Issue Management
Definition – Functions – Merchant Bankers Code of Conduct-Public Issue
Management – Concept – Functions – Categories of Securities Issue- Mechanics of Public
Issue Management – Issue Manager – Role of lssue Manager – Marketing of Issue –New
Issues Market Vs Secondary Market – Underwriting -Types-Benefits Functions.
UNIT III : Money Market and Stock Exchange
Characteristics – Functions – Indian Capital Market –Constituents of Indian Capital
Market - New Financial Institutions and Instruments - Investor Protection- Stock Exchange-
Functions – Services – Features – Role – Stock Exchange Traders – Regulations of Stock
Exchanges - Depository- SEBI – Functions and Working.
UNIT IV : LEASING
Characteristics- Types-Participants-Myths about Leasing-Hire Purchase–Lease-
Financing Vs. Hire Purchase Financing – Factoring – Mechanism – Functions of a Factor -
Factoring – Players –Types - Operational Profile of Indian Factoring - Operational Problems
in Indian Factoring - Factoring Vs. bills Discounting - Consumer Finance- Mechanics –
Sources – Modes – Demand for Consumer Finance – Factors - Consumer Finance Insurance
UNIT V :VENTURE CAPITAL
Origin and Growth of Venture Capital – Investment Nurturing Methods –Mutual
Funds – Portfolio Management Process in Mutual Funds – Credit Rating System –Growth
Factors – Credit Rating Process - Global and Domestic Credit Rating agencies - Principles of
Insurance – Life and Non – Life Insurance – IRDA – Powers - Pension Fund – Objectives –
Functions – Features – Types – Chilean Model – Pension Investment Policy - Pension
Financing
Recommended Texts:
1. Gurusamy, S, Essentials of Financial Services, Vijay Nicole Imprints, Chennai, 2014.
2. Gomez Clifford, Prentice Hall of India, Financial Markets, Institutions and Financial
Services, 2008.
3. Meir Kohn, Financial Institutions and Markets, Oxford University Press.
4. Rajesh Kothari, Financial Services in India: Concept and Application, Sage
Publications, NewDelhi, 2012.
5. MadhuVij & Swati Dhawan, Merchant Banking and Financial Services, Jain Book
Agency, Mumbai, 2000.
6. Vasant Desai, Financial Markets and Financial Services, Himalayan Publishing House,
Pvt., Ltd., Mumbai 2000.
7. Santhanam, B, Financial Services, Margam Publications, 2016.

E-Resources:
www.rbi.org
www.sebi.org
www.nse.org

28
 Core Paper XII –COMPANYLAW

No.ofCredits:4
Objectives
 To enlighten the students on the Provisions governing the Company Law.
 To make the students aware on there cent amendments to Companies Act, 2013.

Unit I: Joint Stock Company

Meaning - Kinds of Companies (Special Provisions with respect to Private Company,
Public Company, One Person Company, Small Company, Dormant Company) –
Formation – Memorandum of Association – Contents – Restriction on ―Other Objects‖-
Doctrine of Ultra Vires-Articles of Association – Contents – Prospectus – Contents - Types
(Statement in Lieu of Prospectus, shelf Prospectus, Red Herring Prospectus)- Underwriting-
Book Building Process – Green Shoe Option – E – Filing - Dematerialisation.

Unit II:Share Capital and Debentures

Meaning of Shares – Kinds of Shares – Votingrights –Issue of shares at a Premium
and Discount – Partly paid shares – Bonus Shares – Rights shares-Sweat Equity Shares.
Debentures-Meaning-Types.

Unit III:Managerial Personnel

Directors – Women Directors – Independent Directors –Director Identification
Number- Other Key Managerial Personnel – Related Party Transactions.

Unit IV:Meetings and Resolution

Meeting – Statutory Meeting – Annual General Meeting – Extraordinary General
Meeting – Notice of Meeting – Quorum – Proxy – Board of Directors Meeting – Committee
– Types of Committee – Audit Committee – Stake Holders Relationship Committee -
Corporate Social Responsibility Committee. Resolutions – Ordinary Resolution –Special
Resolution – Resolution requiring special notice

Unit V: Winding up of Company

Modes of Winding up – Winding up by the Court – Voluntary Winding up – Types –
Members Voluntary Winding up – Creditors Voluntary Windingup. National Company Law
Appellate Tribunal.
Recommended Texts:
1. Kapoor, N.D, Business Laws, Sultan Chand and Sons, NewDelhi, 2014.
2. Sreenivasan, M.R, Business Laws, Margham Publications, Chennai, 2012.
3. Dhandapani, M.V, Business Laws, Sultan Chand and Sons, NewDelhi, 2007.
4. Avatar Singh, Company Law, Eastern Book Company, 2015.
5. Shukla, M.C.& Gulshan,S.S., Principles of Company Law, S.Chand, New Delhi, 1986.
6. BadriAlam,S & Saravanavel, Company Law, Himalaya Publications
7. Gogna,P.P.S, Text Book of Company Law, S.Chand & Co., 2015.
8. Gaffor&Thothadri,CompanyLaw,VijayNicoleImprintsPvt.Ltd.Chennai, 2014.

E-Resources:
www.mca.gov.in
www.companyliquidator.gov.in
www.companyformationinindia.co.in
www.iepf.gov.in

29
 Allied Paper IV – COMPUTER APPLICATIONS IN BUSINESS II
No. of Credits: 5
Objectives
 To enable students to know about the applications of SPSS package and MS-Excel in
business.
SPSS - Statistical Package for Social Science
Unit I: Measures of Central Tendency
Construction of frequency tables - Graphical representation of data - Measures of
central tendency – computation of mean, median and mode
Unit II: Dispersion and Correlation
Measures of dispersion– Computation of standard deviation and variance -
Correlation co-efficient – computation of Karl Pearson‘s and Spearman‘s correlation using
SPSS
MS-Excel
Unit III: Budgets
Calculation of NPV of projects –preparation of Cash Budget - Flexible Budgets
Unit IV: Break- Even Analysis
Break-Even Analysis - Comparison of prices across years of Multiple products
Unit V: Variance Analysis
Variance Analysis – Material and Labour only

30
 SEMESTER V

Core Paper XIII – MARINE, HULL AND RURAL INSURANCE

No. of Credits: 4
Objectives
• To enable students to understand the meaning of marine, hull and rural insurance.
• To familiarize the student with different laws relating to marine, hull and rural
insurance.
Unit I:
History of Marine Insurance in India – Parties to a contract and role of intermediaries
– Contract of Sale - Finance for trade (bill of exchange, documentary credits etc. - Marine
Insurance Act, 1963 - The Indian Carriage of Goods by Sea Act, 1925 - The Indian Railways
Act, 1890 (as amended), Indian Carriage by Air Act, Merchant Shipping Act - Multi-modal
Transportation Act, etc.

Unit II:
Scope & Policy Terms & Conditions for Cargo Insurance – Underwriting and rating
factors in Cargo Insurance – Containers – Pallets and multi-modal transport systems and the
particular characteristics of these systems - Types of Losses and the measure of indemnity
applicable to them – Presentation – adjustment and settlement of claims in respect of Cargo,
Hulls, Freight, Collision liabilities, General Average, salvage and salvage charges, particular
charges including sue and labour.

Unit III:
Common types of vessels including their operating and risk characteristics – Types of
policies to cover shipowner‘s insurable interests – Salient features of Institute time Clauses
Hulls (1.10.83) – Hull underwriting and rating – P & I cover in general freight insurance –
Types of maritime frauds and precautionary measures for their prevention – Insurance of
Sailing and Fishing Vessels.

Unit IV:
Types of agricultural insurance – Organizations transacting agricultural insurance -
Crop insurance underwriting and settlement of claims- Hail insurance - Problems of crop
insurance- Farmers Package policy – Cattle wealth in Indian rural economy – Types of cattle
and buffaloes – Valuation of cattle – premium rate structure methods of identification cattle
insurance policy – Loss assessment and settlement of claims and - Loss minimization.

Unit V:
Poultry insurance – Insurance of pigs, sheep and goats, camels etc. – Other
miscellaneous agricultural insurance – Aquaculture, Silkworm, Honeybees, Horticulture,
Floriculture, Bio-gas, Animal driven cart – IRDA Regulations – Access through Co-operative
Societies- Land & Agricultural Banks - SHG‘s – Training sales force.

Recommended Texts:
1. Hodges, Law of Marine Insurance, Pap Routledge Cavendish,2016.
2. Hodges, Cases & Mats on Marine Insurance Law, Routledge Cavendish, 2015.
3. William D. Winter, Marine Insurance: Principles and Practices, McGraw Hill Book
Company Inc., 1919.
4. William Gow, Marine Insurance: A Handbook, MacMillan and Company Ltd., 1917.
5. Ganguly, Sumon, Marine Insurance Handbook: Cargo and Hull, Insurance Institute of
India, 2014.

31
 6. D'souza, Sylvia, Rural Insurance Schemes, Insurance Institute of India, 2014.
7. Mukherjee, Ishita, Rural Insurance: New Frontier, Insurance Institute of India, 2014.
8. Sinha, Amrish, Rural insurance in India, Insurance Institute of India, 2014.
9. Keate, Henry, Guide to Marine Insurance, Insurance Institute of India, 2014.
10. Gandhi, A B, Law of marine insurance in India, Insurance Institute of India, 2014.
11. Templeman, Frederick, Marine insurance: its principles and practice, Insurance
Institute of India, 2014.

E-Resources:
www.insurancepandit.com
www.insurancebrokerindia.com
www.irda.gov.in
www.insuranceinstituteofindia.com
www.niapune.com
www.insureatclick.com

32
 Core Paper XIV – Retail Banking

No. of Credits: 4

Objectives
 To make the students understand of the concept of Retail Banking .
 To enable the students to know the various retail loans.

Unit I: Introduction
Definition of Retail Banking- Retail Banking operations- distinction between Retail
and Corporate / Wholesale Banking

Unit II:Retail Products

Retail Products Overview - Customer requirements-Description of Liability products-
Description of Asset Products, Approval process for retail loans, Credit scoring- Home
Loans - Eligibility, Purpose, Amounts, Margin, Security, Disbursement, Moratorium,
Prepayment issues, Repayments/ Collection- Auto/ Vehicle Loans - Eligibility, Purpose,
Amounts, Margin, Security, Disbursement, Moratorium, Prepayment issues, Repayments/
Collection-Personal Loans Eligibility, Purpose, Amounts, Security, Disbursement,
Moratorium, Prepayment issues, Repayments/ Collection -Educational Loans Eligibility,
Purpose, Amounts, Security, Disbursement, Moratorium, Prepayment issues, Repayments.

Unit III: Marketing of Retail Products

Retail Strategies; Tie-up with Institutions for Personal loans/ Credit cards/
Educational loans, with OEMs/ Authorised Dealers for Auto/ Vehicle loans, and with
Builders/ Developers for Home loans- Delivery Channels - Branch, Extension counters,
ATMs, POS, Internet Banking, M-Banking. Selling Process in retail products-Direct Selling
Agents-Customer Relationship Management - Role and impact of customer relationship
management, Stages in customer relationship management process.

Unit IV: Technology for Retail Banking

Technology for Retail Banking - Static information, Account opening, basic loan
origination data etc., -Updated information like income details at different frequencies.
Transaction information from disbursement till final settlement of the loan amount.
Analytics/ Alerts- Accounting entries - Loan process and the relevant accounting including
EMI Computation- Credit / Debit Cards - Credit Vs Debit Cards, Eligibility, Purpose,
Amounts, Margin, Security, Process of using the cards, Billing Cycle, Credit Points

Unit V: Other Trends in retail banking

New products like Insurance, Demat services, online/ Phone Banking, Property
services, Investment advisory/ Wealth management, Securitisation- mortgage based securities
-Reverse Mortgage - Growth of e-banking, Cross selling opportunities -Recovery of Retail
Loans - Defaults, Rescheduling, recovery process. SARAFAESI Act, DRT Act, use of Lok
Adalat forum. Recovery Agents - RBI guidelines
Recommended Texts:
1. Indian Institute of Bankers, Law and Practices relating to Banking, IIB
2. Prajan Bhasin, Lalit, Digest of Banking Law and Practice, Volume 1 and 2, May 2014.
3. Bhatnagar J.P, Banking Law Digest, 2017.
4. Arora V.K., Bank Documentation: A Practical Approach, Skylark, 2016.
5. Jaiswal Bimal, Banking Operation Management, Vikas Publishing House, 2015.
6. Naganathan and S.Jayaraman and Sridhar, Law and Practice of Prudential Accounting
Norms,
33
 7. Desai K.C , Bank Documentation: A Practical Approach, Skylark Publications, 1986.
8. IIBF (Indian Institute Of Banking And Finance), Legal And Regulatory Aspects of
Banking, Macmillan Publishers, 2015.
9. Toor N.S And Arundeep Toor, Legal And Regulatory Aspects of Banking, JAIIB,
2017.

E-Resources:
www.rbi.org
www.nber.org
www.frbsf.org

34
 Core Paper XV – FIRE AND MOTOR INSURANCE

No. of Credits: 4
Objectives
• To enable the students to understand the meaning of fire and motor insurance.
• To familiarize the student with claims procedures and related regulations in fire and
motor policies.
Unit I
Introduction: History of fire insurance - Nature and functions – Causes of fire –
prevention of loss – application of basic principles - The Standard Fire and Special Perils
Policy – General exclusions and conditions –Reinstatement value policies – Declaration
policies – Tariff rules – Floating policies – various clauses - Fire hazards: Originating hazards
– Contributory hazards – Arising from construction – Miscellaneous hazards - Fire
prevention

Unit II:
Fire Insurance documents - Underwriting and Re-insurance - Indian fire reinsurance
programme - Fire insurance claims - Legal Aspects Duties of the insured – Onus of proof –
the Doctrine of Proximate Cause – Insured perils – Expected Perils – Rights of Insurers –
Warranties – Ex-gratia payments – The amount of claims payable – Meaning of value -
buildings, machinery etc. Fire insurance claims Procedural Aspects: Surveys – examination
of policies – Causes and assessment of loss.

Unit III:
Consequential loss insurance: Basis of profits insurance – Measure of indemnity – the
CL Policy – Insured standing charges – Some basic problems – Adjustment clause – Policy
conditions – Losses not payable – Basis rate and CL rate – Insured‘s property at other
locations – Examples of methods – Advantages of ‗Dual Basis‘ – Lay-off compensation –
New Business Clause – Claims procedure – Advance loss of profits cover and specialized
policies and overseas practice.

Unit IV:
History of Motor Insurance - Basic Principles - Types of Motor Vehicles –
Introduction to Motor Vehicles Act 1939 & 1988 - Motor Policies – Standard form for
Liability only policy – Liability to third parties - Package Policies for Private cars & two
wheelers – Motor Policies – Scope of standard form for commercial vehicles ‗Package‘
Policy – Loss or Damage – Risk covered – Protection & Removal Costs – Personal Accident
cover for Owner - Motor Tariffs (Regulations)– Proposal Forms – Policy Forms Rating –
Double Insurance – Class E, F and G – Underwriting– The vehicles – Moral Hazard– Claim
Discount– Motor Insurance Statistics– Insurance & Road safety – Transfer of interest in
motor insurance covers.

Unit V:
Registration and Insurance –Tariff for commercial vehicles – Regulations – Scope –
Rating Factors– Minimum values– Motor Vehicles Act – Passenger Risk – Limitations - Own
Damage Claims – Preliminary – Assessment – Settlement – Claim discount–Types of loss –
Third party Liability Claims procedural Aspects – Proof of Negligence – General damage for
Death – General Damages for Disability – Property Damages claims – The Motor Accident
Claims Tribunals – Judgements of Criminal Courts – Mediclaim – Form – Check List –
Motor Claim minimization Measures & Loss Control programme.

35
Recommended Texts:
1. Kenneth Cannar, Motor Insurance Theory & Practice, Hyperion Books, 2015.
2. Hickson, Motor vehicle insurance rating with pseudo emissions coverage, Elsevier,
2016.
3. Ivamy, E R Hardy, Fire and motor insurance, Insurance Institute of India, 2014.
4. Gamlen, Edwin, Fire Insurance Theory and Practice, Insurance Institute of India, 2014.
5. Smith, T R, Fire Insurance Theory and Practice, Insurance Institute of India, 2014.
6. Batten, A G M, Motor Insurance, Insurance Institute of India, 2014.
7. Cannar, Kenneth, Motor Insurance Theory and Practice, Insurance Institute of India,
2014.

E-Resources:
www.insuranceinstituteofindia.com
www.tac.org.in
www.fireinsurance.com
www.insurancepandit.com
www.insureatclick.com

36
 Core Paper XVI – INTERNATIONAL BANKING
No. of Credits: 4
Objectives
 Toenable the students to understand the concept of international banking structure
 To highlight the role of Foreign exchange market and international financial institutions
Unit I : Introduction
International Banking Vis-a-Vis Domestic Banking – Foreign Trade Financing –
International Financial Transactions: Lending and Borrowing across borders.
Unit II : Foreign Exchange Market
Rate and Currency - Exchange rate determination under Fixed Exchange Rate and
Floating Exchange Rate regimes - Determination of Exchange Rates : Spot and Forward –
Basic Exchange Arithmetic - Forward Cover and Hedging.
Unit III : International Financial Institutions
Definition - Functions - World Bank - IMF - Asian Development Bank - International
Financial Corporation – International Development Association
Unit IV : Sources of Exchange
Sources of Foreign Exchange - Export Earnings - Invisible Export Earnings - Role of
NRI Remittances - Foreign Direct Investment - Foreign Institutional Investment – External
Commercial Borrowings - Global Depository Receipts - Offshore Borrowings
Unit V : Exchange Management
Foreign Exchange Management - Composition of Foreign Exchange Reserves :
Foreign Currencies - Gold and SDR - Current Account Convertibility - Capital Account
Convertibility and Precautions.
Recommended Texts:
1. Frederic S. Mishkin, Understanding Financial Crisis, A Developing Country
Perspective,In,MichaelBruno,ed.AnnualWorldBankConferenceonDevelopmentEconom
ics, 2015.
2. Indian Institute of Bankers Introduction to Foreign Trade, Foreign Exchange Risk
Management, IIB
3. Gurusamy, S, Global Financial Institutions, Vijay Nicole Imprints, Chennai, 2015.
4. IIBF (Indian Institute of Banking And Finance), International Banking, Macmillan
Publishers, 2011.
5. Indian Institute of Banking And Finance, International Banking, Legal And Regulatory
Aspects, Macmillan Publishers India Private Limited, 2ndEdition, 2017.
6. IIBF (Indian Institute of Banking And Finance), International Banking Operations,
Penguin Books Ltd., 2007.
7. Sayers, R.S. – Modern Banking, Oxford University Press, 1967.
8. Basu, S.K. – Contemporary Banking Trends.
9. Saxena, K.B. – International Banking: Banking Theory and Principal Banking Systems
(Hindi).
10. Machenize, K. – Banking Systems of Great Britain, French, germany and U.S.A.
11. Goswami V.K. – International Banking

E-Resources:
www.money.howstuffworks.com
www.ibfed.org
www.fdic.gov
www.saintluciaifc.com

37
 Elective Paper I – CREDIT MANAGEMENT

No. of Credits: 5
Objectives
 To expose the students to learn the concept of Credit Management.
 To enable the students to know the process of Credit Management in Banks.

Unit I : Introduction
Principles of Credit Management -Bank Credit - Basic Principles and Approach - five
C‘s - Purpose of lending - Security aspects / Business Experience / Management - Market -
Purpose Trading - Manufacturing Service, Agriculture, Personal - Security : Primary -
Collateral - Stock, Machinery, Land and Building - Guarantee - Different types of Mortgages
- - Types of Credit - Demand Loan - Cash Credit - Overdraft - Term Loan - Basic
Characteristics and difference between them-Legal and Regulatory Aspect - Legal
Documents - Loan Documents - RBI Directives - Various Committees - Tandon - Chore,
Nayak and such other Committees - Brief details.

Unit II : Lending Policy

Lending to Different types of Customers - Individuals - Partnership - Limited
companies - Trust - Association - Legal aspects - Documents needed.

Unit III : Loans & Disbursement

Loan Processing - Sanctioning - Monitoring - Recovering Commercial Loans Activity
Based) - Government Sponsored Loans (mostly agricultural, Rural and Weaver section) -
Trading: small - Retail - Wholesale - Chain / Supermarket - Manufacturing: Industrial
Advances - Service Transport - Telecommunication - Hospital - Hotel. Infrastructure: Power
- Petrol - Port - Agriculture: Crop - Plantation - Well - Motor Pump set - Tractor etc.
Miscellaneous : Self - Employed. Business loan (Borrower Based) - Small Business : Self
Employed - Transport - Trade - Hotel - Others - Approach - Assessment - Supervision -
Recovery Medium and Large Scale: Small Scale Industries - Corporate - Approach -
Assessment - Sanction - Disbursement - Follow Up - Recovery Agriculture : Small, Medium
and Big Farmers - Short term and Medium term Loans - Corporate Borrowers. Government
sponsored : Priority Sector lending - Lead Bank Scheme - Government sponsored loan to
Weaver section - Subsidy.

Unit IV : Finance Function

Structuring a Credit Proposal - Working Capital Concept and Management Appraisal
techniques for different constituents - trade cycle - credit rating - Technical and economic
feasibility studies - Credit Rating - Rating Methodology - Objectives and benefits of rating
Corporate Finance - Project Finance - Appraisal - Assessment - Documentation -
Disbursement - Monitoring - Follow Up - Review - Creation of Charge - Analysis of Balance
sheet - Profit and Loss account - Cash flow and Fund flow working - Project approach

Unit V : NPA
NPA - Causes and Remedial Measures - Management of NPA‘s - Debt Recovery
Tribunals- Asset Reconstruction Fund. Dealing with credit defaults, Stressed assets,
Corporate Debt restructuring, SARFAESI, NPAs, recovery options, write-off. Disclosure of
the list of defaulters: objectives and procedure-Appraisal methodology for different type of
clients / products.

38
Recommended Texts:
1. Vaidyanathan K, Credit Risk Management for Indian Banks, Sage Publications, 2013.
2. Bagchi S.K, Credit Risk Management: RBI/ Basel II Implications, Jaico Publications,
2017.
3. Ciby Joseph, Advanced Credit Risk: Analysis and Management, Wiley India Pvt. Ltd,
2015.
4. Wernz, Johannes, Bank Management And Control Strategy, Capital And Risk
Management, Springer-Verlag Berlin Heidelberg, 2014.
5. Andrew Fight, Credit Risk Management, Elsevier Ltd., 2004.
6. Dr. Arindam Bandyopadhyay, A Note On Measurement And Management Of Credit
Risk Under Basel I, Royal Octavo, 2007.

E-Resources:
www.federalreserve.gov
www.kpmg.com
www.bis.org
www.counterpartyriskmanagement.org

39
 Elective Paper I – BUSINESS INTERRUPTION INSURANCE

No. of Credits: 5
Objectives
• To provide knowledge about business interruption insurance.
• To enable students to know about Financial aspects of Business Interruption (BI)
Insurance

Unit I:
Business Interruption (BI) Insurance – Physical loss or damage to the Property at the
premises described – policy covers to Individuals, Groups, professionals and business of all
kinds.

Unit II:
Contingent Business Interruption – Interruption of business at customer – Suppliers-
Interruption by civil or military authority – Ingress/Egress.

Unit III:
Service Interruption – Utility services – off premises utility equipments – Extensions
of cover -Highly Protected Risk- earning lost – Manuscript policies – broadcast policies

Unit IV:
Liability insurance – The scope of employer‘s liability- Public liability – products‘
liability- professional indemnity policy.

Unit V:
Financial aspects of Business Interruption (BI) Insurance : Method of assessing
exposure – estimated maximum loss – Bases of fixing sum Insured and limits of indemnity –
estimating and reserving claims - Extra expenses – reimbursement of lost profit – theft –
other business risks.

Recommended Texts:
1. Clyde McCarty Kahler, Business Interruption Insurance, University of Pennsylvania,
2016.
2. Frank S Glendening, Business Interruption Insurance, National Underwriter Co., 2015.
3. Kennett Woodson Withers, Business Interruption Insurance: Coverage and Adjustment,
The University of Michigan, 2015.
4. Walmsley R.M, Business Interruption Insurance: Law and Practice, Witherby & Co.,
2014.
5. Patrick A. Gaughan, Business Interruption Losses and Other Commercial Damages
John Wiley & Sons, 2009.

E-Resources:
www.iua.com.au
www.indiainsure.com
www.businessinsure.about.com
www.sbinfocanada.about.com

40
 SEMESTER VI
Core Paper XVII – INSURANCE ANDRISK MANAGEMENT
No. of Credits: 4
Objectives
 To provide knowledge on how insurance can be used in business for risk mitigation and
management.
 To enable students to understand the procedures associated with risk management

UNITI:
Risk and Risk management process - risk identification - evaluation-risk management
techniques-Insurance and risk management techniques-selecting and implementing risk
management techniques

UNIT II:
Commercial risk management applications - property - liability-commercial property
insurance - different policies and contracts-business liability and risk management insurance-
workers compensation and risk financing

UNIT III:
Personal risk management - applications-property and liability- risk management for
auto owners- Lorry owners- risk management for homeowners.

Unit IV:
Risk management applications-loss of health - medi-claim- retirement planning and
annuities employee benefits- financial and estate planning

Unit V:
Risk Management of Auto owners - Insurance Claims – the need for insurance-
personal automobile policy-personal automobile rating- premium and death rates-cost
containment advances in driver and auto safety. Risk management of home owners policy
coverage-perils covered by the policy-flood Insurance-personal articles floater-personal risk
management
Recommended Texts:
1. Anand Gangly, Insurance Management, New age International, 2015.
2. Williams, C. Williams, Risk Management and Insurance, 8th Ed, McGraw Hill Co.,
2016.
3. George E. Rejda, Michael McNamara, Principles of Risk Management & Insurance,
Pearson, New Delhi, 13th Edition, 2016.
4. Harrington. Niehaus, Risk Management & Insurance, Tata McGraw Hill, New York,
2014.
5. Gupta P.K, Insurance & Risk Management, Himalaya Publishing House, Mumbai, 2nd
Edition, 2017.
6. Periyasamy, P, Insurance Management, Vijay Nicole Imprints, 2016.
7. Periyasamy, P, Risk Analysis and Insurance, Vijay Nicole Imprints, 2016.
8. Ranganatham, M, Insurance and Risk Management, Pearson Publication.
E-Resources:
www.licindia.comwww.insurancepandit.com
www.insurancebrokerindia.com
www.irda.gov.in
www.insuranceinstituteofindia.com
www.niapune.com
www.insureatclick.com
41
 Core Paper XVIII – TECHNOLOGY IN BANKING
No. of Credits: 4
Objectives
 To make the students understand the concept of application of technology in banking
sector.
 To expose the students to learn the role of technology in banking sector.
Unit I:Introduction
Branch Operation and Core Banking – Technological Impact in Banking Operations –
Total Branch Computerization –Centralized Banking – Concept, Opportunities, Challenges &
Implementation

Unit II:Electronic Banking

Delivery Channels - Overview of delivery channels – Automated Teller Machine
(ATM) – Phone Banking – Call centers – Internet Banking – Mobile Banking – Payment
Gateways – Card technologies – debit card, credit card, smart card – MICR electronic
clearing – Signatures to rage and display by Electronic Means – Document Handling System
and Document Storage and Retrieval System.
Unit III:Electronic Banking Services
Electronic Fund Transfer – SWIFT – Electronic Clearing System – Debit and Credit
Clearing – RBI- Back office Operations - Bank back office management – Inter branch
reconciliation – Treasury Management – Forex Operations – Risk Management – Data centre
Management – Net work Management – Knowledge Management (MIS/DSS/EIS) –
Customer Relationships Management (CRM)
Unit IV:Technology in Bank
Inter-bank Payment System - Interface with Payment system Network – Structured
Financial Messaging system – Electronic Fund transfer – RTGSS – Negotiated Dealing
Systems & Securities Settlement Systems – Electronic Money – E Cheques
UnitV:Modern Technology in Banking
Protecting –Confidentiality and Secrecy of Data – Cyber law sand it simplications –
Impact of Technology on its employees –Customer services – Management control
Recommended Texts:
1. Naidu C.A.S,Information Technology in Indian Commercial Banks NIBM, Pune,
2014.
2. Revell.T.R.S.,Technology and Banks NIBM, Pune, 2014
3. Donald H. Sanders, Computers Today, McGraw-Hill, 2015.
4. Andrew S.Tanenbaum, Computer Networks, Prentice Hall Publication, 2016.
5. Financial Services Information Systems - Jessica Keyes Auerbach Publication; 2nd
edition, 2000.
6. Kaptan S S & Choubey N S., E-Indian Banking in Electronic Era, Sarup & Sons, New
Delhi, 2003.
7. Vasudeva, E–Banking, Common Wealth Publishers, New Delhi, 2005.
8. Turban Rainer Potter, Information Technology, John Wiely & Sons Inc.
9. Banking Technology, Indian Institute of Bankers Publication.

E-Resources
www.rbi.org
www.idrbt.ac.in
www.dnb.co.in
www.bankingtech.com

42
 Core Paper XIX – COST AND MANAGEMENT ACCOUNTING
No. of Credits: 4
Objectives
 To make the students to understand the process of ascertaining, classification and
controlling costs
 To make the students to get practical skill in solving management problems.
Unit I :
Cost Accounting: Definition, Meaning and objectives - Distinction between Cost and
Financial Accounting. Elements of cost and preparation of cost sheets and tender.
Management Accounting - Definition and objectives - Distinction between management and
financial accounting

Unit II :
Materials: Stores Records - Purchase Order - Goods Received. Note - Bin Card -
Stores Ledger - Purchase, Receipt and Inspection - Inventory Control. ABC Analysis -
Economic Ordering Quantity - Maximum, Minimum and Reordering levels - Methods of
Pricing Issued.
Labour: Importance of Labour Cost Control - Various Methods of Wage Payment -
Calculation of wages - Methods of Incentive for Schemes

Unit III :
Overheads: Factory, Administration, Selling and Distribution of overheads -
Classification - Allocation and Apportionment-Redistribution (Secondary Distribution) -
Absorption of Overheads including 'Machine Hour Rate'.

Unit IV :
Funds Flow and Cash Flow Analysis: Schedule of changes in working capital -
Preparation of 'funds flow statement'-Preparation of 'Cash Flow Statement' - Importance of
funds flow and cash flow Analysis - Difference between funds flow and cash flow

Unit V :
Marginal Costing: The Concept - Break Even Analysis - Break - Even Chart -
Importance and assumptions - Application of Profit Volumes Ratio - Different types of
problems (with special emphasis on decision making problems)
Recommended Texts:
1. Wheldon H.J.,Cost Accounting and Costing Methods, Macdonald & Evans Ltd., 2015.
2. Iyengar S.P., Cost Accounting: Principles and Practice, Sultan Chand and Sons, 2015.
3. Bhar B.K., Cost Accounting: Methods and Problems, Academic Publishers, 2016.
4. Bigg W.W., Cost Accounts, MacDonald and Evans, London, 2014.
5. Shukla M.C., Grewal T.S, Gupta M.P, Cost Accounting Text and Problems, S.Chand
Publihing, 2017.
6. Jain S.P. and Narang K.L., Advanced Cost Accounting, Kalyani Publishers, 2017.
7. Robert Anthony, David Hawkins, Keeneth A. Merchant, Accounting: Text and Cases,
McGraw Hill Education, 13th Edition, 2017.
8. Maheswari S.N., Cost and Management Accounting, Sultan Chand and Sons, 14th
Edition, 2013.
9. Murthy and Gurusamy S, Cost Accounting, Vijay Nicole Imprints, Chennai, 2016.
10. Murthy and Gurusamy S, Management Accounting, Vijay Nicole Imprints, Chennai,
2016.
E Resources:
https://ocw.mit.edu/
nptel.ac.in
43
 Elective Paper II – HEALTH AND MISCELLANEOUS INSURANCE

No. of Credits: 5
Objectives
•To provide knowledge to the students regarding principles pertaining to Health insurance.
• To make them aware of miscellaneous policies available.

Unit I:
Introduction to Health Insurance – concept of Health insurance – Health Insurance in
India—Health services: Public/Private – Adverse Selection and Moral Hazard issues in
Health insurance – concept of Health financing – Health Financing in India – Health
financing models.

Unit II:
Health Insurance Products: Scope of Health Insurance Covers- Individual and Group
indemnity plans— Mediclaim Policy - Overseas Medical Insurance - Floater Plans- Benefit
plans- Critical Illness plans- High Deductible plans- Comprehensive coverage plans- Long
term care insurance — Travel Insurance- Micro Health Insurance—Health Insurance plans
for Senior Citizens — Disease Management plans- Other Products – Benefits – Exclusions –
Discounts – Conditions.

Unit III:
Health Insurance Underwriting: Need for underwriting—Principles of underwriting
Health insurance — The underwriting process - Claims Procedure & Documentation – Third
Party Administrators (TPA‘s): - IRDA Regulations for TPA– Role and Responsibilities of
TPA – Network Hospitals & Cash Less Facility - Special Policies for Critical Illnesses/Top-
Up Cover

Unit IV:
Personal Accident Insurance - Basic Principles - Coverage and Benefits - Provisos
and Exclusions – Rating – Extensions – Discounts - Burglary Insurance – Scope – Types –
Exclusions – Extensions - Money Insurance – Exclusions – conditions –Underwriting.

Unit V:
Fidelity Guarantee – Coverage – Types – Conditions – Underwriting – Investigation -
Other miscellaneous policies - Pedal cycle - Plate glass - Special contingency - Package
Policies for Shopkeepers/ Householders/Offices & Service Industries. Special Type of
Policies for musicians and sportsmen – types of policies for industries covering risks for
Large, Medium & Small Scale Manufacturing Units - Banker‘s Blanket, Oil & Gas
Insurance, Aviation Insurance - Exclusions – Conditions – Rating.

Recommended Texts:
1. Edwin Jerome Faulkner, Health Insurance, McGraw Hill, 2015.
2. Benjamin S. Warren, Health Insurance: Its Relation to the Public Health, Biblio Bazaar,
215.
3. Aiviva Roh, Brain Abel Smith, and Givanni Trmburi, Health Insurance in developing
countries, Hall of India Private Limited, New Delhi, 2015.
4. Mathendran, T, Health insurance sector in India, Insurance Institute of India, 2011.
5. Nagpal, Prem, Principles of health insurance coverage, Insurance Institute of India,
2011.

44
 6. Padmavati , V, Principles and practice of life and health insurance , Insurance Institute
of India, 2011.
7. Miscellaneous insurance - IC 78, Insurance Institute of India, 2011.
8. Health Insurance – IC 27, Insurance Institute of India, 2011.

E-Resources:
http://www.healthinsuranceindia.org
http://www.wikipedia.org/wiki/Health-Insurance
http://www.msn.co.in/business/Insurance/Health
http://www.irdaindia.gov.in
http://www.insurancetime.co.uk

45
 Elective Paper II- GLOBAL FINANCIAL MARKETS

No. of Credits: 5
Objectives:
 To impart knowledge on the character tics and functions of Global financial markets
 To expose the students to the contemporary developments in Global Financial systems.

Unit I - Introduction:
Global Financial Markets- Foreign Exchange Market - Comparison of Domestic and
International Money and Capital Markets - Global Derivatives Market - The mechanism of
Foreign Exchange Transfers - Foreign Exchange and Eurocurrency Markets.

Unit II -International Money Market

International Money Market - Instruments traded - Euro currency time Deposits –
Euro notes -- Banker's acceptance - Floating Rate Notes - International banking and Euro
Currency market - Syndication technique.

Unit III -International Capital Markets

International Capital Markets - Bond Market -- Eurobonds and Foreign Bonds –
Structure of International Bond Market - Yields and Proceeds Computation - Currency and
Interest rate Swaps - How Scrap rates are determined - Swaps versus Long - Dated Forwards
- Caps and Floors.

Unit IV - International Equity Markets

International Equity Markets - World's Major Stock Markets - Emerging Stock
Markets -International Equity trading - Diversification benefits of International Investment -
New Issue Procedures - Private Placements and Rule I44A- fledging the currency Risk of
International Portfolios.

Unit V - International Banking

International Banking –Services offered by the foreign banks – Organization structure
and operations of foreign banks (as affiliated banks, consortium banks, correspondent banks
etc.) –Why banks became Multinational units –Problems of Multinational banks. Financial
Intermediation – maturity transformation and interbank activity –International Trade
involving Letter of credit – An Overview of typical transaction –alternative payment and
guaranteeing procedure.

Recommended Texts:
1. Meric, Ilhan, Global Financial Markets at the Turn of the Century, Science &
Technology Books
2. Gurusamy S, Financial Markets and Institutions, Tata McGraw Hill, New Delhi
3. Gurusamy S, Global Financial Institutions, Tata McGraw Hill, New Delhi
4. Maxwell, Charles E.; Bruckner (editor), ― Financial Markets and Institutions: The
Global View‖, West Publishing Company
5. Ian H Giddy, Global Financial Markets, Houghton Mifflin in Co., USA
6. John R.Prick, Hkent Basker, John A Hasliem - financial Markets: Instruments and
Concepts, Reston Publishing Company, USA
7. David Kidwell Richard I. Peterson and David W Bcakwcll, Financial Institutions:
Markets and Money, Harcourt Brace, Javanbvich
8. Rajwade, V.A, Foreign Exchange: International Finance and Risk Management,
Academy of Business Studies, New Delhi.
9. Johnson, Hazel, Global Financial Institutions and Markets, Blackwell Publishing
46
 10. Kaushik, Surendra K., International Capital Markets: New Directions, New York
Institute of Finance
11. Yoon. S. Park Jack Zwick Addision, International Banking Theory and Practice,
Wesley Publication.

E-Resources:
www.emeraldinsight.com
www.taylorandfrancis.com
www.oxfordjournals.org

47
 Elective Paper III – TREASURY MANAGEMENT

No. of Credits: 5

Objectives
 To facilitate the students to know the concept of Treasury Management
 To enable the students to understand the mechanism of Treasury Management

Unit I : Introduction
Asset Liability Management - Objective - Concept - Risk Management - Interest Risk.

Unit II : Treasury Management

Concept of Treasury Management - Employment of Statutory / Surplus funds - Need
for Specialized approach in the Bank - Role and Functions of Treasury Department.

Unit III : Money Market

Domestic Money Market - Source of funds - Capital - Reserves - SLR - CRR -
Surplus cash - Market Players.

Unit IV : Securities
Money Market Instruments and Players - Government Securities - Treasury Bill- CP -
CD - Call Money Banks and Specified Institutions.

Unit V : Foreign Treasury Management

Foreign Currency Market - Combined Treasury Management - RBI and Regulatory
Functions.

Recommended Texts:
1. Jack Clank Francis, Management of Investments, McGraw Hill Inc., 2015.
2. Jack Clark Francis, Investments: Analysis and Management, McGraw Hill, 2016.
3. Avadhani, V.A, Indian capital Market, Himalayam Publishing House, 2017.
4. Frank Fabozzi and Franco Modiglinni, Capital Markets, Prentice Hall, 2016.
5. Edr. Chakrabarti, Rajesh And Sankar De, Capital Markets In India, Response Publisher,
6. Radha.V, Capital Market and Financial Services, Lions Publication, 2001.
7. Nair, Gomen and Radha, Capital Market and Financial Services.
8. Dr.Gurusamy, Capital Markets, Vijay Publisher, 2006.

E-Resources:
www.treasury-management.com
www.searchfinancialapplications.techtarget.com
www.svtuition.org
www.support.treasuryview.com

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 Elective Paper III – REINSURANCE

No. of Credits: 5
Objectives
• To enable students to get knowledge about the concept of reinsurance.
• To make the students to get familiarize with reinsurance accounting.

UNIT I:
Introduction – Brief historical background - Nature of reinsurance – Functions of
reinsurance - Methods of reinsurance - Proportional : Quote share – Surplus – Facultative
obligatory - Non-Proportional: Excess of Loss – per Risk – Catastrophe Stop Loss /
Aggregate Excess of Loss Law relating to reinsurance contracts - Fundamentals of Contract
Law as applicable to reinsurance - Insurance and reinsurance contracts - Reinsurance
documentation - Reinsurance - Special factors pertaining - Reinsurance Programme –
Designing and Arranging. Setting Retentions – General considerations and factors that
influence retention – determining retentions for various classes of business – Property –
Liability – Marine – Aviation

UNIT II:
Programme design - Analysing reinsurance needs – Needs based on business strategy
– financial needs – needs based on management style and attitude – construction of
reinsurance programme - Negotiation and placement of reinsurance – direct placement –
placement through intermediaries – role of intermediaries – advantages and disadvantages of
direct placement and dealing through intermediaries.

UNIT III:
Reinsurance clauses: Common clauses – Operative Clause – Commencement and
Termination Clause – Access to Records Clause – Errors and Omissions Clause –
Intermediary Clause – Offset Clause – Claims Settlement Clause – Accounting Clause -
Certain Special Clauses – Net Retained Lines Clause – Retention and Limits Clause –
Ultimate Net Loss Clause – Loss Occurrence Clause – Reinstatement Clause – Cut – through
Endorsement.

UNIT IV:
Reinsurance Accounting(Theory Only). – Special nature of reinsurance accounts –
formats of reinsurance accounting – Taxation aspects – Special Characteristics of certain
important reinsurance markets – Reinsurance Exchanges – pools - Reinsurer Financial
Security – Importance - Managing reinsurer security – Selecting reinsurers – Establishing
criteria for evaluation of security – Financial Strength Ratings – Major rating agencies
UNIT V:
Alternatives to reinsurance – new forms of reinsurance – Finite Risk / Financial
Reinsurance – Reinsurance of Futures and Securitisation of reinsurance contracts – New
markets – Impact of captives and high self –retentions on the reinsurance mechanism –
Emerging trends in global reinsurance markets - Inward Reinsurance Business – need for
inward business – Objectives – Business Strategy – Retrocession arrangements – Reciprocal
trading.
Recommended Texts:
1. Module III, Risk Management and Reinsurance, The Institute of Chartered Accountants
of India: New Delhi.
2. Module III (Supplementary Study Material), Risk Management and Reinsurance, The
Institute of Chartered Accountants of India: New Delhi.

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 3. Ruth Gastel, Reinsurance: Fundamentals and New Challenges, Insurance Information
Institute, New York, 2014.
4. Webb, Bernard L, Principles of reinsurance, Insurance Institute of India, 2014.
5. Carter, R.L., Reinsurance, Insurance Institute of India, 2014.
6. Rangarajan, G. , Theory and practice of reinsurance, Insurance Institute of India, 2014.
7. Reinsurance management - IC85 – 2013, Insurance Institute of India, 2014.
E-Resources:
www.einsuranceprofessional.com
www.irda.gov.in
www.insuranceinstituteofindia.com
www.insurancepandit.com
www.icmrindia.org

******
ACF‘18

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