COURSE PLAN 2012-13

SUBJECT: Management of Financial Services (MBA 465) FACULTY: Prof. Seema Chakrabarti Section : F2 3 Hours / Week Syllabus Unit Topic- Break up Hrs Week Teaching Method Lecture & discussion; followed by students presentation on current state of Indian Economy. Assignments Readings

2 Credits

UNIT I

Overview of Indian / Global 3 financial system and services Current State of Indian Economy Challenges before Indian Financial System

1st

1. A Study of the financial systems of major countries like China, Japan, USA, UK.

=> Speech by Deepak Mohanty ED, RBI delivered at GEM Investor Conference, Washington DC on Oct. 10, 2010 on Global Financial Crisis and Indian economy =>Speech by Prof. Michael D. Bordo at 4th P.R. Brahmananda Memorial Lecture in Mumbai, 9th Apr. 2012 on The Great Depression and the Great Recession: What Have We Learnt? =>Speech by Stanley Fischer Governor, Bank of Israel on Central Bank Lessons from the Global Crisis* =>Speech by Duvvuri Subbarao, Governor RBI on 30th Mar 2012 on The Challenge of Globalization : Some

Reflections from the Reserve Bank Perspective UNIT II 4 Money Markets Instruments Role of Money Markets in an economy Govt. Securities Market 2nd & 3rd
Lecture & discussion on theoretical concepts; Understanding News paper market watch / updates. Workshop on debt market functioning.

1. A study on the borrowing => Visiting websites of instruments used by RBI,FEDAI, FIMMDA, PDAI. Indian corporate (Prowess
based assignment)

UNIT II

Role and Responsibilities of RBI 4 RBI Monetary Policy and its relevance to Money Markets

3rd & Lecture & discussion on monetary framework and 4th

transmission mechanism in India and other major countries. Followed by Guest Lecture.

2. An assignment on the regulatory changes in the Indian debt market in last one year. 1. An assignment on working of major central banks of the world like Federal Reserve Bank, Bank of England, ECB & RBI. 2. An assignment on the monetary policy announcements in the last one year by RBI

=>Speech by Deepak Mohanty, ED, RBI delivered at the Bankers Club, Bhubaneswar on 15th March 2010 on Implementation of monetary policy in India. => Research paper by R. Kannan, Siddhartha Sanyal and Binod Bihari Bhoi on Monetary Conditions Index for India www.rbi.org.in => Research paper by Amaresh Samantaraya * and B Kamaiah on An Empirical Analysis of Monetary Transmission in India in the Post-Reform Period: Relevance of the Banking Channel.

UNIT III

Primary Capital Markets : Market reforms related Primary Markets Types of Instruments Participants

4 to

5th & 06th

=> Report on the operating procedure by RBI. - Lecture & discussion. - 1. Valuation of a running IPO Suggested reading: News Paper Market using Economic, Industry & SEBI (Issue of Capital and Watch. Company analysis techniques. Disclosure Requirements) - Test on SEBI IDCR (Prowess based assignment). (Amendment) Regulations, 2009
2009 (Moodle Based)

UNIT IV Understanding Secondary 4 Markets: Working and role of Stock Exchanges Regulatory Framework - SEBI Allied Issues like listing, delisting, insider trading Restructuring of Stock Exchanges UNIT V Financial institutions : CCIL,CIBIL,DFHI,OTCEI,NSDL, NHB,EXIM 4

6th 7th

2. An assignment on the regulatory changes in the Indian Primary markets in last one year. Lecture & discussion on 1. An assignment on the & News Paper Market regulatory changes in the Indian Watch. secondary markets in last one year.

7th & Students Presentation 8th 9th, 10th& 11th

Guest Lecture on VCF, Factoring & forfeiting. Presentation, discussion & Problem solving,

Suggested references: Websites of respective institutions 1. Visit to a Venture capital firm for understanding the requirements and process of VC funding. Research Paper by Bheemanagouda and J Madegowda published in IUP Journal of Behavioral Finance, March,2010: Working of Credit Rating Agencies in India: An Analysis of Investors'

UNIT VI Financial services : Credit Rating Hire Purchase Finance Factoring and Forfeiting Leasing Mutual Funds

 Securitization Venture Capital and Private Equity Funds

Perception Suggested Reference: www.indiavca.org

Prescribed Texts 1. Dr. Gurusamy S, Financial Markets and Institutions, Tata McGraw Hill, 2nd Edition

2. Dr. Gurusamy S, Indian Financial System, Tata McGraw Hill

Reference Books: 1. Khan M Y, Financial Services, Tata McGraw Hill Publications, 5th Edition

2. Bhalla V.K., Management Of Financial Services, New Delhi: Anmol Publications Pvt. Ltd., First Edition 3. Srivastava R.M., Financial Management, Himalaya Publishing 4. Subramaniam P, Investment Banking 5. Bhole, , Financial Institution and Markets, Tata McGraw Hill Publications, 3rd Edition Guidelines for CIAs:
1. CIA I - Combination of Assignments & Presentations mentioned above (20 marks) Evaluation Criteria: Conceptual understanding : 5 Marks Content & Presentation : 8 Marks Analysis & value addition to the topic : 5 Marks Timely Submission: 2 Marks

2. CIA II Moodle based MCQ (10 marks) & Valuation of a running IPO (10 marks)

Evaluation Criteria: Conceptual understanding : 4 Marks Methodology : 7 Marks Analysis & Interpretation : 7 Marks Timely Submission: 2 Marks (10 marks) (50 marks) (100 marks)

3. Attendance 3. Mid Semester Test 4. End Semester Examination