Management of Financial Services
Subject Overview
The third Accounting and Finance elective, examining India's financial services industry — mutual funds, insurance, venture capital and behavioural finance, credit rating and leasing/merchant banking/venture capital, debt securitization and factoring, and asset-liability and risk management in banks. A 4-credit elective theory paper.
Unit-wise Syllabus
4 units — click WhatsApp below to get the full notes for each
Unit 1: Financial services overview
Meaning, types and importance of financial services, financial sector reforms and future challenges for Indian banks, mutual and pension funds, insurance services, bank assurance, reinsurance, venture capital and private equity, hedge funds, e-banking, securitization, asset reconstruction companies, depository system and SEBI's role
Unit 2: Credit rating, leasing and merchant banking
Concept and objectives of credit rating, credit rating agencies in India, rating methodology, leasing concept and types, tax aspects of leasing, origin and development of merchant banking, SEBI guidelines, venture capital concepts and guidelines in India
Unit 3: Securitization, factoring and plastic money
Meaning, features and process of debt securitization, factoring development, types, procedural and financial aspects, plastic money forms (credit and debit cards), credit card processes, factors affecting plastic money utilization in India
Unit 4: Asset-liability and risk management in banks
ALM significance, process and techniques (gap, duration, simulation, value at risk), credit/operational/market/liquidity risk management, corporate treasury management, Basel norms, ALM software