Financial Markets And Services

Syllabus

20MBA231: Financial Markets and Services

Module 1

Indian Financial System – An Overview. Money Market – Call Money Market – Commercial Paper Market – Commercial Bill Market – Certificates of Deposits – Treasury Bill Market – Gilt Edged Securities Market. Capital Market – an Overview - Capital Market Instruments  - Capital Market Reforms – Primary Markets – Methods of Raising Funds from Primary Market- Public Issue global Markets – Issue of American Depository Receipts and Global Depository Receipts – Guidelines on their Issue – Emerging Trends.

Module 2

Financial Services - Nature – Characteristics – Role of Financial Services in Economic Development – Relevance of the Study of Financial Services – Factors Influencing the Growth and Development of Financial Services Industry – Types of Financial Services. Financial Innovation - Causes of Financial Innovation- Innovative Financial Instruments - Challenges Facing the Financial Services Sector.

Module 3

Merchant Banking –  Historical Perceptive  –  Nature of Services Provided by  Merchant Bankers  –  Structure of Merchant Banking Firm  –  Setting up and  Managing a Merchant Bank  –  SEBI  Regulations on Merchant Banks  –  under  Writing  –  Stock Broking –  Depositories  –  Tax Planning Services  –  Portfolio  Management Services –  Factoring Services and Practices  –  CARD Business  –  Credit Cards and Debit Cards. 

Module 4

Credit Rating: Approaches and Process of Rating  –  Credit Rating Agencies  –  CRISIL and ICRA, CARE Ratings for Financial Instruments –  Methodology of Rating. Stock Exchange Business and Practices – Insurance – Role of Insurance in Financial Frame Work – General Insurance – Life Insurance – Marine Insurance and others.

Module 5

Leasing: Concepts and Classification of Leasing – Present Legislative Frame Work of Leasing – Lease Evaluation (Lessor’s and Lessee’s Point of View) - Tax Aspects of Leasing. Hire Purchase: Introduction – Concepts and Characteristics – Legal Aspects and Tax Implications Financial Evaluation. Bill Discounting and Factoring – Forfeiting - Securitization - Mutual Funds - Venture Capital Funds.