FINANCIAL INSTITUTIONS & MARKETS-I

Paper Code: 
ECO 323 (B)
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

1.     To develop an understanding of structure of financial system in India.

2.     To introduce the students to the role of various regulatory Institutions.

3.     To acquaint the students with various banking and financial institutions of 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 nonbanking financial intermediaries – loan companies, investment companies, hire purchase finance, lease finance, housing finance.

Essential Readings: 
  1. Bhole LM (2017), Financial Institutions & Markets – structure, growth & innovations, Tata McGraw Hill publishing co. ltd. (6th edition)

 

  1. Gordon &Natrajan (2018), Financial Markets & Services, Himalaya Publishing House (11th edition)

 

  1. Sundaram, K.P.M. (2010).Money, Banking, & International Trade. Sultan Chand & Company.
References: 
  1. Rangarajan, C. (1999). Indian Economics: Essays on Money and Finance, UBS Publishers.

 

  1. Mithani, D.M. (2018) Money, Banking, International Trade & Public Finance. Himalayan Publishers.
Academic Session: 
2022-23
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