Financial Services Syllabus

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Environment of Financial Services

Following is the syllabus for Environment of Financial Services prescribed by the University of Mumbai for first year commerce students specializing in banking and insurance:

1. Nature and Scope of Banking, Insurance and other Financial Services in Economic Growth:

An overview of Indian Financial System and its constituents. A broad understanding of terms of “Banking Insurance and Other Financial Services”, their meaning and their use in daily business. justification of inclusion of Banking and Insurance also in the package of financial services

Overview of Financial Systems

Introduction to Financial Markets and the Economy

2. Banking:

Origin and Development of Indian Banking – Present Structure: Central Banking (RBI); Commercial Banking (Nationalized and Private); Cooperative Banking; Development Banking; (Financial Institutions like NABARD, IDBI, SIDBI, Exim Bank, IFCI, ICICI, SHCL, DFHI, NHB, SFCs, etc) Investment Banking; International Banking. Roles and Functions of different types of Banking. Regulatory Framework government the functioning of different types of Banks (RBI Act 1984, Banking Regulations Act, 1949 and); Laws and enactments affecting day to day Banking Operations – Collections and Payments, Indemnities, Bank Guarantees, Letter of Credit, Bill Discounting, Bill Financing and Securities (Indian Contracts Act, Sale of Goods Act, Negotiable Instruments Act, Evidence Act, Indian Partnership Act, Indian Company Law, etc.)

Types of Banks in India

3. Insurance:

Need for and Importance of Insurance; Risk Management, Risk and Return Relationships; Types of Risks; Qualification of Risks; Branches of Insurance (Life and General – Different Schemes); Insurance Business Environment; Mathematical Basis of Life Insurance Reinsurance Cover; Regulatory and Legal Framework government the Insurance; Business and Economics of Insurance. Need for Changing the mindset; Latest Trust

4. Other Financial Services

Objectives of Financial Services; Types of Financial Services – Classified on the basis of Market Instruments used; Capital market Services, Issue Management / Merchant Banking, Portfolio Management, Mutual Funds, Investing and Broking, Dematerialisation of Services; Money Market Securities (Arbitrating in and distribution of Money Market Instruments such as Commerical Papers, Certificate of Deposits, T-Bills, Transactions in Repose & Reverse Repose, Commercial Bills, etc. Management of short-term funds such as money market mutual funds, managing receivables that is Factoring or bills Discounting; Asset Related Credits such as leasing, hire-purchase, stock financing and venture financing , risk-based such as letters of credit, guarantees and bills receivables, mortgages and housing finance. financial engineering and advisory services – concepts – proceedures/formalities and regulatory and legal framework governing the functioning of money markets; Reform of the Financial system; Financial Services Challenges Ahead