Management of Financial Services
Subject Overview
Management of Financial Services is the second Accounting & Finance elective, covering the specific financial services that support businesses beyond core banking — merchant banking, leasing, credit rating, mutual funds, and more. You'll cover merchant banking practices in India, lease financing and hire purchase mechanics, credit rating agencies and mutual fund schemes, and close with retail banking products, plastic money, venture capital, and factoring. This is a 6-credit elective paper across 4 units, complementary to Banking Services Management and Security Analysis & Portfolio Management.
Unit-wise Syllabus
4 units — click WhatsApp below to get the full notes for each
Unit 1: Financial services & merchant banking
Meaning, features and importance of financial services, contribution to industry and the service sector, origin and growth of merchant banking in India, scope of merchant banking services, management of public issues
Unit 2: Lease financing & hire purchase
Meaning and types of leasing, factors influencing lease decisions, performance of the leasing industry in India, hire purchase concept and characteristics, mathematics of hire purchase, effective interest rate, legal and tax aspects, RBI guidelines
Unit 3: Credit rating & mutual funds
Concept, types, advantages and disadvantages of credit rating, credit rating agencies and their methodology, growth of mutual funds in India, mutual fund schemes, concept and mechanism of factoring and securitisation of debt
Unit 4: Retail banking & venture capital
Personal, home, car, consumer and educational loans, plastic money — credit and debit cards, concept and growth of venture capital funds in India