FINANCIAL INSTITUTIONS & MARKETS-I

Paper Code: 
ECO 323 (B)
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
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 (1986), Monetary Planning for India, Oxford University Press, Delhi.
  2. Narendra Jadhav (1993), Monetary Economics for India, Macmillan India Ltd., Madras.
  3.  Venugopal Reddy, Y (2000), 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: 
2017-18
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