Indian Financial System
Subject Overview
Indian Financial System surveys the structure, institutions, markets and services that make up India's financial ecosystem — the regulatory framework and reforms, commercial/co-operative banks and non-banking financial institutions, money and capital markets and financial instruments (T-bills, gilt-edged securities, derivatives), and financial services like merchant banking, credit rating, stock brokerage and leasing. A 4-credit core theory paper.
Unit-wise Syllabus
4 units — click WhatsApp below to get the full notes for each
Unit 1: Financial system overview
Meaning, nature, scope, role, functions and components of the financial system, evolution and growth of the Indian financial system, regulatory framework, overview of financial sector reforms in India
Unit 2: Financial institutions
Meaning, structure, role and functions of commercial banks, co-operative banks, non-banking financial institutions, insurance companies, mutual funds and depositories
Unit 3: Financial markets and instruments
Structure, role and functions of the Indian money market, capital market, debt, equity, derivatives and forex markets, treasury bills, commercial bills, certificates of deposit, gilt-edged securities, equity/preference shares, forwards, futures, options and swaps
Unit 4: Financial services
Merchant banking's role in issue management, credit rating agencies — role, functions and regulatory framework, stock brokerage types and regulation, leasing, hire-purchase and financial guarantees