Financial Institutions, Markets and Services

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Code(Credit) : CUFM2351(3-0-1)

Course Name : Financial Institutions, Markets & Services

Course Objectives

This course aims to provide an idea on the role and functioning of financial markets, financial institution and financial products that are traded in such financial markets and institutions associated with financial markets. The focus of the course will be in the context of global financial markets and institutions. Various conceptual issues related to risk and return, the role of regulatory bodies, operations of insurance companies and mutual funds are discussed elaborately. It also describes the importance of small savings, provident funds, pension funds and credit rating agencies. The course provides a comprehensive overview and systematic evaluation of the mainstream markets of various financial instruments such as call money, bond, stock, derivatives and exchange rate.

Learning Outcomes

• Evaluate critically a range of theories relevant to financial institutions and markets and apply these theories in the analysis of issues related to these institution and market.
• Evaluate a range of topical issues drawn from financial institutions and markets contexts from a variety of empirical and theoretical perspectives, identifying the key issues emerging and applying theory.

Course Syllabus

Module I

Introduction to Financial System and Economic Development
Indicators of Financial Development
Role of financial intermediaries in an emerging market
Concepts Related to Financial Markets and Institutions
Financial Instruments – Financial Markets – Capital Markets & Money
Markets – Interlink Between Money Market & Capital Market – Characteristics of Financial Markets – Functions of Stock Exchange
Financial Sector reforms, financial inclusion.

Module II

Financial Regulations and Regulatory Institutions in India
(RBI, SEBI,IRDA,PFRDA),
Other Important Financial Institutions – I
(Provident Fund, Pension Fund, Insurance Companies)

Module III

Mutual Fund,
Credit Rating Agencies,
Merchant Bank,
Venture Capital Funds
Private Equity

Module IV
Money Markets in India
(Call Money Market, Treasury Bill, Commercial Paper, Certificate of Deposit)
Classification of Stock Market and Securities - IPO, Stock Exchanges, Stock Market Indices, Market Micro-Structure in Stock Market
Foreign Exchange Market - Foreign Exchange Market Structure, Risk Management in Foreign Exchange Market

Text books
Financial Institution and Market by L .M. Bhole
Indian Financial System by M.Y Khan

Reference Books
Madurra Jeff, " Financial Market and Institution", South Western Cenage Learning

Projects

1.Assessing the future trends for financial services in India
The rise and inter connectivity of emerging markets
Demographic change
Social and behavioural change
Technological change

2. A project on comparative study of mutual fund India
To study some mutual fund scheme in India
To study some mutual fund companies in India
Explore the recent development in India
study the regulation of mutual fund in India

3.Electronic Payment : The objective of the study and analyze the progress made by Indian banking industry in adoption of technology and e-payment. The study is secondary based and analytical in nature. The progress in e-banking and e-payment in Indian banking industry is measured through various parameters such as Computerization of branches, Automated Teller Machines, Transactions through Retail Electronic Payment Methods etc. Statistical and mathematical tools such as simple growth rate, percentages and averages etc are used. The study also highlights the challenges faced by adoption of technology regarding e-payments and recommendations are made to tackle these challenges.

Session Plan

Session 3

Theories explaining the interrelationship of Financial System and Economic Development

Article

Video of Financial system

Session 4

Financial Development

Article

Video of Financial Innovation

Session 5

ROLE OF FINANCIAL INTERMEDIARIES IN AN EMERGING MARKET

Video

Session 6

Financial Market: Nature and Function

Reading Material

NSE

Video of Financial market

Session 7

FINANCIAL INSTRUMENTS

Additional Reading

Video of financial instrument

Session 8

Primary Markets and its Features

Capital Market

Session 9

Money Market in India

Money Market Instrument

Session 10

Money Market in India

Economic times reading

Session 11

Money Market instrument

Economic paper reading

Session 12

Function of stock exchange
RBI Speeches

Additional Reading

Session 13

Financial sector reforms

Additional Reading

Recent reforms reading material

Session 14

Financial Inclusion
Additional Reading

Session 15

SEBI and its regulation

Sebi Regulation

Additional Reading

Session 17

Financial Market Regulator

Reading material

Session 18

Chit fund Organisation function and regulatory aspect
Basic Reading

how chit fund work reading material

Case study

Session 19

Pension fund organisation and its working

Reading material

Reading from website of NSDL

Session 20

Indian Insurance Industry

Basic reading

Reading Material

Session 21

Mutual Fund and Types of Mutual fund

Basic Reading

concept reading

Session 22

Credit Rating Agencies in India

Reading Material

Additional Reading

Session 23

Merchant banking

SEBI website

Basic Reading Material

Session 25

Private Equity

Basic Reading

Additional Reading

Session 26

Factoring and Forefating

Session 27

Foreign Exchange Market Structure

Introduction Reading

Session 28

Foreign exchange rate

Reading Material

Session 28

Foreign exchange rate

Reading Material

Session 29

Arbitrage and Parity condition in foreign exchange market

Additional Reading

Session 30

Risk Management in Foreign Exchange Market

Reading Material

Additional Reading

Projects

1.Assessing the future trends for financial services in India
The rise and inter connectivity of emerging markets
Demographic change
Social and behavioural change
Technological change

2. A project on comparative study of mutual fund India
To study some mutual fund scheme in India
To study some mutual fund companies in India
Explore the recent development in India
study the regulation of mutual fund in India

3.Electronic Payment : The objective of the study and analyze the progress made by Indian banking industry in adoption of technology and e-payment. The study is secondary based and analytical in nature. The progress in e-banking and e-payment in Indian banking industry is measured through various parameters such as Computerization of branches, Automated Teller Machines, Transactions through Retail Electronic Payment Methods etc. Statistical and mathematical tools such as simple growth rate, percentages and averages etc are used. The study also highlights the challenges faced by adoption of technology regarding e-payments and recommendations are made to tackle these challenges.

Our Main Teachers

Dr. Satapathy is Assistant Professor (Finance and Accounting) at CUTM. He holds a master’s degree in finance and control from Utkal university. He also has completed doctoral level fellow programme in management from NIFM Faridabad. He has more than 11 Years of teaching, training and research experience. He has worked at VIT university Bhopal and […]