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Financial Services
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Dr Govindasamy Perumal
J.J.College of Engineering and Technology
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Financial Services
Dr. P. GOVINDASAMY is presently working as Associate Professor in
School of Management Studies, Vels Institute of Science, Technology and
Advanced Studies, Chennai. He holds MBA as well as PGDCA., M.Phil.,
and Ph.D., He has more than 2 decades of Teaching, Industry and
Research experience. He has published 31 papers in various National and
Financial
Services
International Journals and has presented more than 12 papers in various
National and International Conferences. He authored a Book “Investors
Behavior and Stock market performance”. He has participated and
practiced many number of FDP and MDPs. His areas of research are
Finance, Accounting, Capital Market, Microfinance, and Behavioral
Finance etc. This book provides a framework for analyzing the important
concepts with respect to Financial Services. A variety of models and
applications along with exhibits has helps the readers to find the depth of
financial markets and analysis.
Captain Dr. E. VISWANATHAN, is presently working as Associate Dr. P. Govindasamy
Professor & head, PG Department of Commerce and Research Center and
Associate NCC officer in Dhanrj Baid Jain College (Autonomous),
Chennai. As a result oriented professional over 24 years in teaching to
Dr. E. Viswanathan
graduate and post graduate students and more than 25 M.Phil and 9Ph.D
candidates were obtained degree under his guidance as a supervisor
permitted by University of Madras, Chennai. He did Ph.D on Mergers &
Acquisitions – Issues and Challenges in banking sector from faculty of
commerce, University of Madras, Chennai. He is self-motivated,
versatile, enthusiastic and creative educator with passionate commitment
to the academic / social development of students community. He is
currently managing commerce department consists of B.Com, M.Com,
M.Phil&Ph.D as a Professor &HOD over 07 years at DhanrajBaid Jain
College (Autonomous), Chennai-97. He published over 25 academic
journals and presented academic papers in a number of conferences and
also co-authored a book in Business Law. His Scholastic achievements:
M.Com., M.Ed., M.Phil., M.B.A.,SET., & Ph.D. His contribution on
liaising with education & other departments for establishment & smooth
running of the institution is an additional flavour for his achievement.
Providing leadership andguidance to the Teaching and Administrative
staff as well as imbibing discipline in students. Fostering relationship
between the institution and the student community also acting as a
resource person for several workshops, orientation programmes, general
and subject based.
Dr. P. Govindasamy
Dr. E. Viswanathan
ISBN-13: 978-93-91405-78-6
© Charulatha Publications
Price : Rs.180/-
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ABOUT THE BOOK
CHAPTER - I
FINANCIAL SYSTEM
CHAPTER - II
MONEY MARKET
2.1. Introduction 2.1
2.2. Meaning and Definition 2.1
2.3. Features of Money Market 2.1
2.4. Objectives of Money Market 2.2
2.5. Constituents of the Money Market 2.2
2.6. Significance of Money Market 2.3
2.7. Pre-Conditions Required For an Efficient Money Market 2.3
2.8. Differentiate Money Market and Capital Market 2.4
2.9. Characteristics of a Well Developed Money Market 2.4
2.10. Structure of Indian Money Market 2.5
2.11. Reasons for Underdevelopment of Indian Money Market 2.5
2.12. Steps Taken By the Government to Tune Up Indian Money Market 2.7
2.13. Composition of Money Market 2.7
2.14. Characteristics of Money Market Instruments 2.8
2.15. Money Market Instruments 2.8
Review Questions 2.18
CHAPTER III
CAPITAL MARKET
3.1. Introduction 3.1
3.2. Features of Capital Market 3.1
3.3. Functions of Capital Market 3.1
3.4. Factors Affecting Capital Market 3.2
3.5. Importance of Capital Market 3.2
3.6. Players in the Capital Market 3.3
3.7. Capital Market in India 3.4
3.8. Primary Market 3.5
3.9. Features of Primary Market 3.5
3.10. Advantages Primary Market 3.5
3.11. Intermediaries in the Primary Market 3.5
3.12. Securities Dealt In the Primary Market 3.6
3.13. Functions of New Issue Market 3.6
3.14. Primary Market Reforms In India – SEBI Guidelines 3.8
3.15. Secondary Market 3.10
3.16. Features of Secondary Market 3.11
3.17. Functions of Secondary Market or Stock Exchanges 3.11
3.18. Organization Of Stock Exchanges In India 3.13
3.19. Difference between Primary Market and Secondary Market 3.13
3.20. Defects of Indian Stock Market 3.13
3.21. Need to Control Stock Exchange in India 3.16
3.22. State the Governing Board of Stock Exchanges 3.16
3.23. Recent Trends in Secondary Market 3.16
3.24. Speculators 3.21
3.25. Kinds Of Speculators 3.21
3.26. Types Of Speculative Transactions 3.22
3.27. SEBI Guidelines for Secondary Market 3.24
Review Questions 3.25
CHAPTER – IV
FINANCIAL INSTRUMENTS
4.1. Meaning 4.1
4.2. Features ff Financial Instruments 4.1
4.3. Innovative Financial Instruments 4.2
Review Questions 4.6
CHAPTER – V
FINANCIAL SERVICES
5.1. Meaning 5.1
5.2. Definition 5.1
5.3. Classification of Financial Services Industry 5.1
5.4. Evolution of Financial Services in India 5.2
5.5. Regulatory Authorities of Financial Services 5.2
5.6. Features of Financial Services 5.2
5.7. Importance of Financial Services 5.3
5.8. Functions of Financial Service Institutions 5.4
5.9. Constituents of Financial Services 5.4
5.10. Scope of Financial Services 5.4
5.11. Sources of Revenue for the Financial Services Industry 5.6
5.12. Causes for Financial Innovation 5.6
5.13. Challenges Faced By the Financial Service Sector 5.7
5.14. New Financial Products and Services 5.8
5.15. Present Scenario of the Financial Services In India 5.10
Review Questions 5.12
CHAPTER – VI
MERCHANT BANKING
6.1. Introduction 6.1
6.2. Definition 6.1
6.3. Origin of Merchant Banking 6.1
6.4. Functions of Merchant Banking 6.2
6.5. Objectives of Merchant Banking 6.6
6.6. Procedure for Authorization of A Merchant Banker 6.7
6.7. Terms of Authorization 6.8
6.8. Latest Developments in Merchant Banking 6.8
6.9. Merchant Banking—Regulatory Framework 6.9
6.10. Sebi Regulations 6.9
6.11. Code of Conduct for Merchant Bankers 6.22
6.12. Sebi Guidelines 6.25
6.13. Problems of Merchant Bankers 6.27
6.14. Concept of Merchant Banking in India 6.28
6.15. Scope of Merchant Banking in India 6.28
6.16. Difference between Merchant Banking and Commercial Banks 6.30
6.17. Qualities Required For the Merchant Bankers 6.30
Review Questions 6.31
CHAPTER – VII
MUTUAL FUNDS
7.1. Meaning 7.1
7.2. Definition 7.1
7.3. Mechanism of Mutual Fund Operation 7.1
7.4. Different Types of Mutual Funds 7.2
7.5. Problems of Mutual Funds 7.7
7.6. Functions of Mutual Funds 7.8
7.7. Advantages of Mutual Funds 7.9
7.8. Managing Mutual Funds in India 7.11
7.9. Working Mechanism of AMC 7.15
7.10. Portfolio Management Process in Mutual Funds 7.16
7.11. Operational Efficiency of Mutual Funds 7.17
7.12. Growth of Mutual Fund in India 7.19
7.13. Problems of Mutual Funds in India 7.19
7.14. Future of Mutual Fund Industry in India 7.20
7.15. Regulatory Structure of Mutual Funds 7.21
7.16. Factors to Be Considered In Selection of a Mutual Fund 7.30
7.17. Facilities Available To Investors and Their Rights 7.31
7.18. Need for Commercial Banks to Enter In To the Field Of Mutual Funds 7.32
7.19. Difference between Unitand Share 7.33
7.20. Unit Trust of India 7.33
7.21. Association of Mutual Funds in India (AMFI) 7.35
7.22. Money Market Mutual Funds (MMMFS) 7.36
Review Questions 7.39
CHAPTER – VIII
LEASING
8.1. Meaning 8.1
8.2. Definition 8.1
8.3. Various Terms Used In Lease Agreement 8.1
8.4. Types of Lease 8.2
8.5. Difference Between Financial And Operating Lease 8.4
8.6. Process of Leasing 8.5
8.7. Advantages of Leasing 8.5
8.8. Disadvantages of Leasing 8.6
8.9. Contents of the Lease Agreement 8.7
8.10. Concept of Leasing In India 8.8
8.11. Problems of Leasing In India 8.9
8.12. Leasing Prospects in India: 8.9
8.13. Meaning of Hire Purchase 8.10
8.14. Features of Hire Purchase 8.10
8.15. Contents of the Hire Purchase Agreements 8.10
8.16. Hire Purchase and Lease 8.11
8.16.1. Hire Purchase and Leasing Similarities 8.11
8.16.2. Difference between Hire Purchase and Leasing 8.11
Review Questions 8.13
CHAPTER – IX
SECURITIZATION
9.1. Meaning 9.1
9.2. Definition 9.1
9.3. Features of Securitization 9.2
9.4. Significance of Securitization 9.3
9.5. Operational Mechanism of Securitization (or) Modus Operands of Securitization. 9.3
9.6. Benefits of Securitization 9.5
9.7. Disadvantages in Securitization 9.7
9.8. Conditions for Successful Securitization 9.8
9.9. Causes for Unpopularity of Securitization in India 9.8
9.10. Concept of Securitization in India 9.9
9.11. Securitisation and Banks 9.9
9.12. Differentiate Factoring and Securitization 9.10
9.13. Purposes Served By the Securitization Process 9.11
Review Questions 9.12
CHAPTER – X
FACTORING
10.1. Meaning 10.1
10.2. Definition 10.1
10.3. Factoring Mechanism 10.1
10.4. Functions of Factoring 10.2
10.5. Types of Factoring 10.3
10.6. Elements of Factoring 10.5
10.7. Advantages of Factoring 10.5
10.8. Disadvantages of Factoring 10.7
10.9. Importance of Factoring 10.8
10.10. Concept of Factoring In India 10.8
10.11. Future of Factoring In India 10.9
10.12. Factoring Vs Forfaiting 10.10
10.13. Factoring Vs Leasing 10.11
Review Questions 10.12
CHAPTER – XI
VENTURE CAPITAL
11.1. Meaning 11.1
11.2. Definition 11.1
11.3. Features of Venture Capital 11.1
11.4. Advantages of Venture Capital 11.2
11.5. Scope of Venture Capital 11.4
11.6. Venture Capital Schemes Offered By the Venture Capital Institutions 11.6
11.7. Institutions Involved In The Process Of Venture Capital Finance 11.7
11.8. Venture Capital Investments 11.8
11.9. SEBI Guidelines for Venture Capital Institutions 11.9
11.10. Reasons for Slow Growth of VCC in India 11.10
11.11. Suggestions for the Growth of Venture Fund 11.11
11.12 OTCEI (Over the Counter Exchange of India) 11.11
11.12.1 Features of OTCEI: 11.12
11.12.2. Participants in OTC Market 11.12
11.12.3. Steps to Trade in OTC Exchange 11.13
11.12.4. Advantages of OTCEI 11.14
11.12.5. Disadvantages of OTCEI 11.15
11.12.6. Suggestions for Making OTECI Effective 11.16
11.12.7. Recent Trends in OTCEI 11.16
11.13 National Stock Exchange (NSE) 11.17
11.13.1. Objectives 11.17
11.13.2. Features of NSE 11.17
11.13.3 Listing Requirements of NSE 11.19
11.14. DFHI 11.19
11.14.1. Objectives 11.19
11.14.2. Functions 11.20
Review Questions 11.21
CHAPTER – XII
CREDIT RATING
12.1. Meaning and Definition 12.1
12.2. Functions of Credit Rating 12.1
12.3. Advantages of Credit Rating 12.2
12.4. Disadvantages of Credit Rating 12.5
12.5. Basis for Credit Rating 12.6
12.6. Credit Rating Agencies in India 12.7
12.6.1. Credit Rating Information and Services of India Ltd (CRISIL) 12.7
12.6.2. Investment Information and Credit Rating Agency of India (ICRA) 12.9
12.6.3. Credit Analysis and Research Limited (CARE) 12.10
12.7. Rating Symbols 12.10
12.8. Future of Credit Rating In India 12.11
Review Questions 12.12