AKTU Financial Markets and Services (BMBF306) Syllabus PDF – MBA (Banking & Financial Services) 3rd Semester

Course Objectives

1. Understand the structure, functions, and regulatory framework of financial markets and financial services.
2. analyse the functioning of money, capital, commodity, debt, and international financial markets.
3. Apply knowledge of financial instruments, financial services, and digital technologies in financial decision-making.
4. Evaluate the impact of emerging technologies such as Artificial Intelligence (AI), Blockchain, FinTech, ESG investing, and Digital Banking on financial markets.
5. Develop the ability to analyse financial market trends and design sustainable investment and financial service strategies.

Course Content

Module I: Overview of Financial Markets and Financial Services (7 Hours)

Financial Markets – Nature, Functions and Classification; Money Market; Capital Market; Derivatives Market; Foreign Exchange Market; Role and Functions of Financial Services; Working of Stock Exchanges in India; National Stock Exchange (NSE); Bombay Stock Exchange (BSE); Role of SEBI; Major International Stock Exchanges; Introduction to FinTech and Digital Transformation in Financial Markets.

Module II: Commodity, Debt and Digital Financial Markets (7 Hours)

Commodity Markets – MCX, NCDEX and ICEX; Functions, Administration, Regulations and Trading Mechanism;

International Commodity Markets. Debt Market – Types, Functions, Instruments and Operational Mechanism;

Corporate Bond Market; Government Securities Market; Green Bonds and Sustainable Bonds; Digital Payment Systems (UPI, NEFT, RTGS, IMPS); Digital Banking; Payment Banks and Small Finance Banks.

Module III: Financial Instruments, Investment Products and Emerging Technologies (10 Hours)

Financial Instruments – Equity Shares, Preference Shares, Debentures, Bonds, Mutual Funds, Exchange Traded Funds (ETFs), Derivatives and Structured Products. Issue of Financial Instruments – Primary Issue; Book Building Process;

Private Placement; Offer for Sale; Buy-back of Shares. Blockchain Technology in Financial Markets; Bitcoin and Cryptocurrencies; Central Bank Digital Currency (CBDC); Tokenization of Securities; Smart Contracts; Artificial Intelligence (AI) and Machine Learning Applications in Financial Markets; Robo-advisory Services; Regulatory Issues in Digital Assets.

Module IV: Financial Institutions and Modern Financial Services (9 Hours)

Development Financial Institutions – IFCI, NABARD, SIDBI, State Financial Corporations (SFCs). Financial Services – Merchant Banking, Mutual Funds, Venture Capital, Leasing, Factoring, Forfaiting, Credit Rating Agencies, Depository Services (NSDL & CDSL), Insurance Services, Pension Funds (PFRDA), Asset Management Companies (AMCs). RegTech (Regulatory Technology); SupTech; AI-enabled Financial Services; WealthTech; InsurTech; Digital Lending Platforms.

Module V: Global Financial Markets, ESG and Sustainable Finance (7 Hours)

International Financial Instruments – ADR, GDR, IDR and Euro Bonds. Role of Foreign Capital in the Indian Financial System; Trends in Foreign Capital Inflows; Regulatory Framework for Foreign Capital Flows. Environmental, Social and Governance (ESG) Investing; Sustainable Finance; Green Finance; Climate Finance; ESG Reporting Standards;

Responsible Investing; International Financial Market Trends; Cyber Security in Financial Services; Future of Financial Markets and Services.

Suggested Readings

1. Kohn, M.; Financial Institutions and Markets; Tata McGraw-Hill.
2. Fabozzi, F. J. & Modigliani, F.; Foundations of Financial Markets and Institutions; Pearson.
3. Khan, M. Y.; Financial Services; Tata McGraw-Hill.
4. Kidwell, D. S., Blackwell, D. W., Whidbee, D. A., & Sias, R. W. Financial Institutions, Markets, and Money, John Wiley & Sons.
5. Machiraju, H. R.; Indian Financial System; Vikas Publishing House.
6. Pathak, B. V.; Indian Financial System; Pearson Education.
7. Chishti, S. & Barberis, J.; The FinTech Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries; Wiley.
8. Sharma, S. K. & Singh, R.; Financial Technology (FinTech) and Digital Banking in India; Himalaya Publishing House.
9. Mishra, S. K. & Sarma, R. K.; Digital Banking and Financial Services in India; McGraw Hill Education (India).
10. CFA Institute; ESG Investing: A Practitioner's Guide; CFA Institute Publications.

Course Outcomes