Indian Financial System

Full Marks: 100

Internal Assessment	20 marks
Semester-end Examinations	80 marks
Total	100 marks

SYLLABUS

Unit I : Financial System and Its Components [Marks-10]

Meaning, Significance and Role of the Financial System; Components of the Financial System; The structure of Indian Financial System.

Unit II : Financial Markets

(a) Money Market: [Marks-10]

Functions and Instruments; Role of Central Bank; Indian Money Market: An Overview, Call Money Market, Treasury Bills Market, Commercial Paper (CP) Market, Certificate of Deposit (CD) Market; Concepts- Repo, Reverse Repo; Recents trends in the Indian money market.

(b) Capital Market: [Marks-20]

Functions and Instruments; Primary and Secondary Markets- Functions and inter-relationship, Methods of New Issues; Indian debt market and equity market; Market Intermediaries- Brokers, Sub-Brokers; Role of Stock Exchanges in India; Recent trends in the Indian capital market.

Unit III : Financial Institutions [Marks-20]

Commercial banking: Functions of Commercial Banks, Credit creation by commercial banks and its limitations; Reserve bank of India: Functions, Credit Control and Monetary Policy; Development Financial Institutions in India: NABARD, EXIM Bank, SIDBI; Life Insurance and General Insurance Companies in India: Functions; Mutual Funds: Concept of Mutual Fund, Types of Mutual Funds (open ended and close ended); Role of Mutual Funds in capital market; Non-Banking Financial Companies (NBFCs): Definition, Functions, Regulations of RBI over NBFCs.

Unit IV : Financial Services [Marks-10]

Merchant Banks: Functions and Role, SEBI Regulations; Credit Rating: Objectives and Limitations, SEBI Regulations; Credit Rating Institutions and their functions.

Unit V : Investors’ Protection [Marks-10]

Concept of investors’ protection; Grievances regarding new issue market and Stock Exchange transactions, and the Grievance Redressal Mechanism; Role of SEBI, judiciary and the media.

Calcutta University Question Papers