Equity, Banking & Insurance

Paper Code: 
MFM 325
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Learning outcomes:
• Understanding the role of primary market in Indian financial market
• Understand banking structure and .banking operations in India.
• Know various financial services offered by bank.
• Understand the key concepts of insurance.
• Comprehend the fundamental principles and different types of insurance.

12.00
Unit I: 
Equity Market

Equity Market
Initial Public Offer (IPO), Book Building through IPO, Eligibility for IPOs, Pricing of Issues, cost of Public issue, Right issue- characteristics, procedure, value of right share, preferential Allotment , Private Placement of equity and debt.

12.00
Unit II: 
Indian Banking System:

Indian Banking System: Evolution and structure of Indian banking system.
Central Banking- Evolution, Concept & Functions, Credit control- Methods and objectives.
Commercial Banks: concept & functions, Types of commercial banks, role of commercial banks in economic development.

12.00
Unit III: 
Electronic banking:

Electronic banking: Introduction, elements of E- Banking, Process, importance Limitations. Types of risk associated with E- banking, traditional banking vs Internet banking, need and drivers of internet banking, , advantages and disadvantages.
MobileBanking- Introduction, challenges, Benefits

12.00
Unit IV: 
Risk and Insurance:

Risk and Insurance: Introduction to risk, Types of risk involved in Insurance, concepts of Insurance, principles of Insurance, Types of Insurance- Life insurance and General Insurance – Marine Insurance and Fire Insurance. Duties and Functions of IRDA.
Life insurance: characteristics, types, principles, Parties to life insurance contract, conditions and terms of policy.
General insurance: Features, principles, Types of general insurance

12.00
Unit V: 
Fire Insurance:

Fire Insurance: Scope, characteristics, conditions, types of fire insurance policy, procedure of taking a fire insurance policy, claim settlement procedure in fire insurance policy.
Marine Insurance: Types, conditions, methods for premium calculation, claim settlement procedure in marine insurance policy.

Essential Readings: 

• Principles of Banking, Macmillan (India) Limited, New Delhi
• General Banking Management, Macmillan (Indian) Limited, New Delhi
• Banking and Finance, Jain Khanna Tiwari, VK India Enterprices, New Delhi
• Sharma N.K. , R. Antony & Podder S.K., Banking and Insurance, Himalaya Publishing House
• Gordon & Gupta, Banking and Insurance, Himalaya Publishing House
• Singh Gurmeet, Kamal Neel & Goyal Alok, Banking and Insurance, VK Global Publications Pvt. Ltd.

References: 

• Pathak Bharti V, , Indian Financial System, Pearson Education, New Delhi
• Rajda George, Principles of Risk Management and Insurance, Pearson Education, New Delhi.
• Banking in India, Khan Masood Ahmed, Anmol publication, New Delhi

Academic Year: