Syllabus
M-411
Financial System, Institutions and Instruments
Unit | Course Description | Sessions |
Unit I | Introduction to Indian Financial System: Introduction, Components of the Formal Financial System, Functions of a Financial System, Key Elements of a Well-Functioning Financial System. | 2 |
Unit II | Financial Institutions: Definition of Financial Institutions, Types of Financial Institutions – Banking, NBFCs, Development Financial Institutions, Mutual Funds, Pension Funds Insurance and Housing Finance Companies. | 3 |
Unit III | Money Market: Introduction and Meaning, Call/Notice Money Market, Money Market Intermediaries, Tools for Managing Liquidity in the Money Market, Money Market Derivatives. | 3 |
Unit IV | Money Market Instruments: Call/Notice Money, T bills, Commercial Bills, Commercial Papers, Certificate of Deposits. | 3 |
Unit V | Capital Market: Primary Market - Methods of Raising Funds from Capital Market- Public Issue, Rights Issue, Private Placement, Preferential Issue. Secondary Market – NSE and BSE, Secondary market - Role of Stock Exchanges in India, Depositories and Custodians, Depository Participant. | 6 |
Unit VI | Capital Market Instruments: Meaning, Primary and Secondary Securities, Equity Shares, Debentures, Preference Shares, Derivatives, GDR’s, ADR’s, IDR’s Other Quasi Equity Instruments – Subordinated Loans, Convertible Bonds, Senior Debt, Mezzanine Financing. | 3 |
Unit VII | Debt Market: Introduction, Private Corporate Debt Market, PSU Bonds Market Government Securities Market. | 2 |
Unit VIII | Emerging Issues and Challenges: Low Liquidity and Shallowness in Financial Markets, Ethical Issues in Merchant Banking, Effectiveness of Regulators Like RBI and SEBI in Controlling Money Market and Capital Market. | 2 |