Financial Markets, Institutions & Financial Services

This book Financial Markets, Institutions and Financial Services covers all topics of the subject area and is aimed at providing knowledge of financial markets, institutions, the regulatory framework, in a very student-friendly manner.

The book introduces the students to the financial system and its components, financial institutions and intermediaries, financial system and economic development along with an introduction to the Indian Financial System. It goes into the depth of financial markets and capital markets. The Central bank, stock exchanges, and debt markets, etc. are well-explained. It also describes financial institutions like commercial banks, development financial institutions, insurance companies, mutual funds, NBFCs, etc. It presents an overview of the financial services industry, along with explaining merchant banking, post and pre-issue management, underwriting and their regulatory framework in India. Topics like leasing, hire purchase, personal and housing finance, venture capital, bank guarantee, letter of credit, factoring, financial counseling, credit rating, etc. are covered in the book.

While writing this book, it has been especially kept in mind that complicated and complex concepts are made into pleasurable reading and learning experience, which shall truly help the students in getting complete command over the subject. An attempt has been made to keep the writing style simple and clearly understandable for readers.

This book is an attempt to provide an in-depth understanding of the subject to postgraduate and undergraduate students of commerce and allied disciplines. The subject matter of the book has been designed keeping in mind especially the curriculum requirements of M.Com. M.B.A., B.Com. and B.B.A courses of the Universities/Institutions.

Financial Markets, Institutions & Financial Services Syllabus For B.Com. (Hons.) Semester V of Ranchi University, Ranchi

UNIT-I: An Introduction to Financial System, its Components, Financial Markets and Institutions, Financial intermediation, Flow of funds matrix, Financial System and Economic Development, An overview of Indian Financial System.

UNIT-II: Financial Markets: Money Markets – Functions, Organizations, and Instruments, Role of Central Bank in Money Market, Indian Money Market – An Overview. Capital Market: Functions, Organizations, and Instruments, Indian Debt Market, Indian Equity Market – Primary and Secondary Market, Role of Stock Exchanges in India

UNIT-III: Financial Institutions: Commercial Banking – introduction, its role in project finance and working capital finance, Development Financial Institutions (DFIs) – An overview and its role in Indian Economy, Life and Non-life Insurance Companies in India, Mutual Funds – Introduction and their role in Capital Market Development, NBFCs.

UNIT-IV: Overview of the financial services industry, Merchant Banking – pre and post issue management, underwriting, Regulatory framework relating to merchant banking in India.

UNIT-V: Leasing and Hire Purchase, Consumer and Housing Finance, Venture Capital Finance, Bank Guarantee and Letter of Credit, Factoring Services, Credit Rating, and Financial Counselling.

Financial Markets, Institutions & Financial Services Book Contents

1. An Introduction to Indian Financial System
2. Indian Capital Market
3. Indian Money Market
4. Indian Capital Market: Primary and Secondary Market
5. Securities Exchange Board of India (SEBI)
6. Stock Exchange
7. Commercial Banks
8. Insurance
9. Mutual Funds
10. Non-Banking Financial Companies (NBFCs)
11. Introduction to Financial Services
12. Merchant Banking
13. Hire Purchase and Lease Financing
14. Consumer Finance and Housing Finance Services
15. Venture Capital
16. Bank Guarantee, Financial Counselling, and Letter of Credit
17. Factoring Services
18. Credit Rating Agencies