Financial system: Nature and role of financial system; financial system and financial markets;
financial system and economic development; an overview of Indian financial system.
Financial markets: Money and capital markets; Money market – meaning, constituents,
participants – functions. Money market instruments – call money, treasury bills, certificate of
deposit, commercial bills, trade bills, commercial paper, recent trends in Indian money market;
capital market – primary and secondary markets; capital market instruments, debt, equity.
Derivatives; depositories; dmaterialisations, online security trading, Initial Public Offering
and book building.
Financial regulation: Regulators of financial system: Role of RBI, SEBI and IRDA. Financial
services – fee-based services, fund-based services, hire purchase, leasing, housing, finance;
merchant banking; venture financing; factoring, depository, forfeiting, credit rating.
Financial institutions: Commercial banks; functions, e-banking, credit cards, ATM,
Development Financial Institutions- functions: IFCI, IDBI, IRBI, SIDBI, State Financial
Corporations, Non-banking financial intermediaries; mutual funds; insurance companies.
Financial sector reforms- major reforms in banking capital market and insurance sectors,
Narasimhan Committee II recommendations and implementation; Financial engineering.
MCom (Masters in Commerce) Subjects