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RFIM-R11
(PGDM-RM 2011-13 : Term-I)
RURAL FINANCIAL INSTITUTIONS AND MARKETS
(Faculty: Prof. Bishnu Prasad Mishra)
Email:
bishnu@ximb.ac.in
Credit- 1.5
COURSE OUTLINE
1. Introduction
Welcome to the course. Financial Institutions and Markets (FIM) will provide a foundation for the understanding of financial architecture of the rural economy. It will provide key inputs at the beginning of the student’s entry to management education and he / she can understand and analyze the various facets of rural economy.
This course will provide students with an understanding of the mechanisms of various financial markets and institutions operating in rural space.
2. Course Objective
This course will enable participants to understand:
·
The Financial Intermediation process and inter relationship between financial intermediation and financial markets
·
The regulatory and policy framework within which intermediaries, Markets and Participants evolve and operate
·
The complexities arising from globalization and innovative financial Products.
·
To understand and develop managerial aspect of building rural financial institutions and programmes.
·
To acquire critical elements of evolving effective and sustainable rural financial delivery mechanisms.
The focus of this course will be to view the financial systems from functional, regulatory and policy perspective in Indian context so that the students can relate the class room discussion with what is happening around them.
3.
Pedagogy
The course will be delivered through lectures as per the session wise schedule detailed in a later section in this note.
These discussions will be based on course material, cases and articles of topical interest from Indian business newspapers.
4. Readings Materials, Prescribed Text Book and Reference Book :
o
Financial Markets and Institutions
: A modern Perspective by Saunders and Cornett (TMH)
o
Financial Institutions and Markets
by F S Mishkin, and S G Eakins (Addision)
o
Financial Markets and Institutions
by Jeff Madura ( Thompson)
o
Financial Institutions and Markets
, by L. M.
Bhole
(TMH)
o
Indian Financial System
- M.Y.Khan (TMH)
o
Indian Financial Markets
by Ajay Shah, Susan Thomas and Michael Gorham- ( Elsevier)
References
:
§
Report on Trend and Progress of Banking in India
(Latest Issue)- RBI
§
Report on Currency and Finance- Reserve Bank of India
§
Annual Report- Reserve Bank of India
§
Economic Survey – 2010 - 2011
Financial Website :
v
Business Standard :
www.business-standard.com
v
The Live Mint :
www.livemint.com
v
www.bis.org:
The Bank for International Settlements (BIS) is an international o rganisation which fosters international monetary and financial cooperation and serves as a bank for central banks.
v
www.rbi.org.in
:
Reserve bank of India
v
www.amfiindia.com
:
Association of Mutual Funds in India
v
www.nabard.org.in
5. Evaluation Pattern
Components
Weights (%)
One Quiz
20%
Class Room participation
10%
Mid Tem
20%
End Term
50%
6. Class Participation (CP)
Class-participation is an integral component of the learning process. CP includes the attendance & discipline in the classroom. The weight from -10% to +10% will be given depending upon the above criteria. The weight assigned in the CP will be reflected in the overall rating of the Term Paper.
The pass mark for the subject is Minimum 30%.
7. Session – Wise Schedule
Module 1 :
An Overview of Rural Indian Financial System
( 2 sessions)
Session 1 &2
:
Ø
Categories of Financial Institutions
Ø
Saving and Investment in the National Income Accounts
Ø
Asymmetry of Information, Moral Hazard and Adverse Selection
Ø
The Nature and role of Financial Institutions
Ø
Types and classification of Financial Markets
Ø
Basic concept of Rural Finance- the need and relevance
Module 2 : Rural
Financial Markets
( 2 sessions)
·
Session 2 to 4
:
Money Market
Ø
Sources and components of Money supply, Money Multiplier & Reserve Money
Ø
Call Money, T-Bills and CBLO , Cash Flow in Repo & Reverse Repo Transaction in both the legs
Ø
Role of Discount Houses & Discount of Commercial Bills, CP, CD
Ø
G-sec Market
Capital Market
Ø
Primary Equity Market as significant provider of Capital & Transformation of Indian Capital Market
Ø
Secondary Equity Market Operation & Stock Market Index
Private Equity Market
Corporate Debt Market
Mutual funds
Rural financial market in the overall Economy
Module 3:
Financial Institutions
(6 sessions)
·
Banking Institutions
Ø
Regional Rural Banks
Ø
Commercial banks and Rural Credit
Ø
Co-operative Banks
Ø
Service area approach
Ø
Lead Bank Schemes
Ø
NABARD – role And functions
·
Mutual Funds
·
Insurance and the Pension Sector
·
Non-Banking Financial Institutions
·
Micro finance Sector
·
Changing profiles of Rural Finance And policy initiatives
8. Code of Ethics
For individual quizzes/End term, it is unethical to seek any direct help from others, whether or not you finally make use of the help. Discussions among individuals either in class-room or in the examination hall are completely forbidden. Those who will be identified disturbing in the class will be asked to leave the class immediately. Any form of copying from one another or from any outside source is forbidden. Any unfair means while writing the term Paper will be easily identified, and the respective student will be penalized in terms of lower score.
No one is allowed to come to the class after the scheduled start time.
9. Feedback
I would also request you to give me continuous feedback. I would be in my office room to take up your doubts and feed back. You may form a “focus group” (consisting of 6-7 students from the class with diverse backgrounds including the CR) that continuously interacts with the other students and informs me about their problems, if any, with the course.
10. Contact Details
Though I am usually available in my office till late in the evening, it is better to check beforehand. You can, of course, always reach out to me by e-mail . My Telephone Ext No.– 767.
Wish all of you enjoyable learning and the best of everything.
Created By:
Hemanta Ranjan Deo
on
06/13/2011
at
08:46 AM
Category
:
PGPRM - I
Doctype
:
Document
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