Indian Financial System: Course Handout Academic Year: 2013-14

FIN 511: Indian Financial System
FIN 511
Indian Financial System
Course Handout
Academic Year: 2013-14
Master of Business Administration (Finance & Banking)
Term I
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Course-in-charge Dr. Sankersan Sarkar

Contact Information: 01494-302457 sankersan.sarkar@niituniversity.in
Course Instructor(s):
Course Prerequisites
Evaluation Scheme Class Participation 10

Mid Term 20
End Term / Comprehensive 40
Project Work – Term Paper Writing 20
Viva 10
Total 100
Pedagogic tools  Lecture
 Classroom discussion by students
Course Description:
The goal of the course is to familiarize students with the Indian Financial System which consists
of financial markets, financial intermediation and financial instruments or financial products.
This course will give a brief introduction to the entire financial infrastructure in India. The
financial institutions to be covered will mainly consist of commercial banks, co-operative banks,
regional rural banks (RRBs), all-India financial institutions (AIFIs), non-banking financial
companies (NBFCs) and microfinance institutions. The course will give an introduction to the
banking sector which forms the bedrock of the Indian financial system, and the regulatory role
and functions of the Reserve Bank of India (under the provisions of the Banking Regulation Act,
1949 and the Reserve Bank of India Act, 1934). The financial markets in India to be covered in
brief will include the money market, the Government securities market, the foreign exchange
market, the capital Market and the credit market, the major players as well as the regulatory
bodies
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Course Description
Learning Outcomes
Knowledge:
 Understand the role financial system has on the economic development
and growth of a nation (K1)
 Identify the various constituents of the Financial system and understand
their nature and characteristics. (K 2)
 Understand the functioning of regulatory bodies and their overall
importance in the financial system. (K 3)
 Explain the role of Banking and Non Banking Financial Institutions,
Intermediaries and other Developmental FI’s (K 4)
 Understand the nature, types and characteristics of various Financial
instruments and the markets they are traded in. (K 5)
 Understand the various types of Financial services that are offered by both
Banking and Non Banking FI’s. (K6)
Skills:
 Ability to integrate the understanding of all components of the financial
system in general and the Indian context in particular – ability to see the big
picture. (S1)
Attitude:
 Willingness to understand the systems and processes in the financial and
banking industry. (A1)
Session Plan
Session Date Topics Learning Pedagogy Pre readings/

No. Outcomes Case Study
1 Introduction: Functions K1, K2, S1 Lecture Bhole /C1
& role of financial system
2 Introduction: Functions K1, K2, S1 Lecture Bhole /C1
& role of financial system
3 Indian financial system K1, K2, S1 Lecture Bhole /C3 &
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before & after planning C4

6 Financial sector reforms: K1, K2, S1 Lecture Bhole /C5
Need & impact of major
reforms
7 Basic concept of risk & K1 Lecture & Bhole /C2
return Exercises
8 Money market K1 Lecture & Bhole /C2
Exercises
9 Call money, T-Bills K5 Lecture Pathak /C4 &
C5, Bhole/ &
C17
10 Commercial bills, CPs, K5 Lecture Bhole/C18 &
CDs C19
11 Discount market & K5 Lecture Bhole/C20 &
financial guarantees C21
12 SEBI, Capital market K3 Lecture Bhole /C7
Pathak/C4 &
C5
13 Gilt edged securities K5 Lecture Bhole/C22
market
14 Debt market K5 Lecture Pathak/C10
15 Capital market: Primary K5 Lecture Pathak /C6 &
& Secondary markets C8
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16 Forex markets K5 Lecture Bhole /C25

17 Forex markets K5 Lecture Bhole /C25
18 Derivatives markets K5 Lecture Bhole /C24
19 Derivatives markets K5 Lecture Bhole /C24
20 Reserve Bank of India K3 Lecture Bhole/C6
21 Banking Institutions K4 Lecture & Bhole/C8 &
discussion C9
22 Insurance Companies K4 Lecture & Bhole/C11
discussion
23 Non-Banking Financial K4 Lecture & Bhole/C13
Intermediaries discussion
24 NBSFO K4 Lecture & Bhole/C15
discussion
25 Mutual funds K4 Lecture & Bhole/C12
discussion
26 Small savings, Provident K4 Lecture Bhole/C10
fund & Pension fund
27 Factoring & Forfaiting K6 Lecture Pathak /C20
28 Credit rating K6 Lecture Pathak/C19
29 Investment banking K6 Lecture Pathak/C17
30 Concluding session & S1, A1
contemporary issues
Text Book(s)
 Financial Institutions & Markets by L.M. Bhole & Jitendra Mahakud, TMH
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 The Indian Financial System: Markets, Institutions & Services by Bharati V.

Pathak, Pearson
Reference Books
 Financial Institutions & Markets by Meir Kohn, OUP (USA)
 Indian Financial System by M.Y. Khan, TMH
Project Work – Term Paper Writing
 Topics for Term Paper will be allocated to groups of students (one project
to each group). No. of groups will be decided after the commencement of
the classes.
 The project work will require them to collect information from secondary
sources and present them / analyse systematically so as to draw
meaningful conclusions.
 Term paper topics will be announced in the class.
Viva Voce
 It will be based subject topics & Project work.
Rubrics
Level of Project Work – Term Paper Writing Viva

Achievement
Exemplary •Addresses the issues. • No errors at all in
•Presents arguments in a logical answering questions
order. • Absolute clarity o0f
•Uses acceptable style and grammar concepts in answering all
(no errors). questions
•Backs conclusions with data and
warrants
Very Good •Does not address the issue •Demonstrates adequate
explicitly, although does so understanding of the
tangentially. questions
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•States a relevant and justifiable •Clarity of concepts is less

presentation. than Exemplary
•Presents arguments in a logical
order.
•Uses acceptable style and grammar
{one or two error(s)}.
Good •States a relevant and justifiable •Overall reasonable
presentation. answering of questions
•Presents arguments in a logical •Clarity of concepts is less
order. than Very Good
Needs •Does not address the question. •Does not demonstrate clear
Improvement •States no relevant answers. understanding of the Q & A.
•Indicates misconceptions. •Clarity of concepts is less
•Is not clearly or logically organized. than Good
•Fails to use acceptable style and
grammar (two or more errors).
Exposed Lacks all attributes of a satisfactory • Lacks all the attributes of
report satisfactory answers to the
questions asked
Plagiarism
We are committed to upholding the highest standards of academic integrity and
honesty. Plagiarism in any form is unacceptable and will be treated seriously. All
such cases will be referred to the appropriate University body for suitable
disciplinary action.
Make up Policy
There won’t be any make-up for any assessment component missed by the
student unless it has been missed due to any medical emergency or any tragic
event connected with immediate family member(s). Ideally, the
student should request the Course-in-charge through email before
the assessment component is held but in case this is not possible, the request
should be sent within 24 hours of the assessment component being held. In
addition,the student would be requitred to submit all supporting documents such
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as medical reports, prescriptions, receipts etc asked for by the Course-in-charge.

In case of surprise quizzes and projects there is no provision for make-up. The
grant of make-up will be completely at the discretion of the Course-in-charge and
his/her decision will be final and can't be challenged.
Consultation Hours
The students can meet the Course-in-charge on maters related to the course
being taught on all days he is available on campus after taking prior appointment
through email. Instead of personal meetings, they can also request responses only
through emails. Phone calls should be avoided except in cases of emergency.
Course-in-charge will try to respond to the best of his ability.
Grading Policy
A composite score will be prepared after consolidating the marks obtained in all
assessment components and the composite score will be converted to letter
grades, viz. A, B, C, D and E as per university policy. The grading ystem followed is
Relative Grading and normally it is centered around the mean.
Attendance Policy
“While full attendance in classes is required to be put in by students in each
course, loss of cumulated attendance to the extent of 10% at any time in a course
may be tolerated. If a student has more than 10% loss in cumulated attendance in
a given course on the date of examination, s/he shall not be permitted by the
Course-in-Charge and consequently by Exam Cell to appear in the examination.
No make-up examination shall be granted to such student who has been
prohibited to take the regular examination on ground of attendance.
This shall be applicable for all Mid-Semester/ Mid-Term examinations and

Comprehensive examination. Student will receive a grade or a report as per the
grading policy and if s/he accumulates more than permissible number of E grades
because of her/ his lack of attendance, s/he will be required to repeat the courses
as per the regulations.
Monitoring course attendance is a student responsibility and students are

encouraged to check the status of their attendance every day on the ERP .
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FIN 511: Indian Financial System

Master of Business Administration (Finance & Banking)

Course-in-charge Dr. Sankersan Sarkar

Evaluation Scheme Class Participation 10

Session Date Topics Learning Pedagogy Pre readings/

before & after planning C4

16 Forex markets K5 Lecture Bhole /C25

 The Indian Financial System: Markets, Institutions & Services by Bharati V.

 Financial Institutions & Markets by Meir Kohn, OUP (USA)

 Indian Financial System by M.Y. Khan, TMH

Project Work – Term Paper Writing

 Term paper topics will be announced in the class.

 It will be based subject topics & Project work.

Level of Project Work – Term Paper Writing Viva

•States a relevant and justifiable •Clarity of concepts is less

as medical reports, prescriptions, receipts etc asked for by the Course-in-charge.

This shall be applicable for all Mid-Semester/ Mid-Term examinations and

Monitoring course attendance is a student responsibility and students are

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