Financial Institution & Markets I

Paper Code: 
ECO 323(B)
Credits: 
4
Contact Hours: 
60.00
Objective: 

To develop an understanding of various issues related to finance & markets in India.

12.00
Unit I: 
Nature & Role of Financial System

•    Structure & Functions of a financial system
•    Financial concepts – financial assets, financial intermediaries, financial instruments.
•    Financial System & Economic Development
•    Need for Financial Sector Reforms.

12.00
Unit II: 
Regulatory & Promotional Institutions

•    Reserve Bank of India – organisation & management, role & functions, monetary policy – objectives & techniques.
•    Securities & Exchange Board of India – genesis, constitution & organisation, objectives & functions.
 

12.00
Unit III: 
Banking Institutions

•    Commercial Banks – major developments in commercial banking after independence, liabilities & assets, functions of commercial banks
•    Cooperative Banks – features, types & structure, problems & policy
 

12.00
Unit IV: 
Development Banking & Financial Institutions of India I

•    Organizational structure of financial institutions
•    IFCI, SFCs, IDBI, SIDBI – role & functions.
 

12.00
Unit V: 
Development Banking & Financial Institutions of India II
  • Mutual Funds- concept and types;  
  • UTI & money market mutual funds;
  • Insurance Companies – LIC & GIC – role & functions;
  • Miscellaneous non banking financial intermediaries – loan companies, investment companies, hire purchase finance, lease finance, housing finance.
     
Essential Readings: 
1. Gupta, Suraj B, Monetary Planning for India, Oxford University Press, Delhi.
2. Narendra Jadhav , Monetary Economics for India, Macmillan India Ltd., Madras.
3. Venugopal Reddy, Y, Monetary and Financial Sector Reforms in India, UBS                      Publishers’ Distributors Ltd., Chennai.
4. Bhole LM, Financial Institutions & Markets – structure, growth & innovations, Tata            McGraw Hill publishing co. ltd.
5. Gordon & Natrajan, Financial Markets & Services, Himalaya Publishing House.
6. Sundharam K.P.M, Money, Banking & International Trade, Sultan Chand & sons.

 

Academic Session: 
2018-19
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