A. Objective :
Welcome to the course. Financial Services are the services provided by finance industry encompassing a broad range of organizations that deal with the management of money. Among these organizations are banks, credit card companies, credit rating companies, insurance companies, leasing and hire purchase companies, consumer finance companies, stock brokerages, and investment funds. The objective of this course will be to impart the basic understanding of the way the institutions apart from banks, insurance companies and mutual funds (these being already addressed in separate courses) structure, market and deliver some of these services. The course will help the participants to obtain a holistic and better understanding of the financial services industry.
[1] Class discussion slides: Slides will be elaborate and made available to the students for reference [2] Financial Services : T Siddaiah , Pearson Education Latest edition [3] Financial Services, M Y Khan, 5th ed, Tata Mcgraw Hill [4] Financial Services , N P Tripathy, Prentice Hall of India [5] Financial Services in India : concept and application : R Kothari, Sage Texts [6] Financial Services and System : Sashidharan and Mathews, latest edition , Tata McGraw Hill [7] Financial Services , Gordon and Natarajan, Himalaya Publishing [8] Financial Institutions and Markets by F S Mishkin, and S G Eakins ( Pearson Education ) [9] Financial Markets and Institutions, 3rd Edition, by Anthony Saunders and Marcia Cornett, (Tata McGraw Hill). [10] Foundations of Financial Markets and Institutions, 3rd Edition, by Fabozzi, Modigliani, Jones and Ferri (Prentice-Hall, 2003). [11] Financial Institutions and Markets, 3rd Edition, by L. M. Bhole (Tata McGraw Hill) [12] Financial Markets and Institutions ,2nd edition by S Guruswamy(Tata McGraw Hill [13] Financial Press: I. Economic Times , www.economictimes.com II. The Wall Street Journal, www.wsj.com III. The Economist, www.economist.com IV. Financial Times, www.ft.com [10] Internet resources and other sources as intimated to you from time to time.
Tentative Session Plan :
• Sessions 1,2 : • Introduction, brief overview of Financial Services industry in India • Leasing : Basics of leasing-what it is and parties to a lease contract, Types of leases , lease payments and residual values , lease versus loans,, end of term lease options, Accounting ,tax and legal consequences of leasing ,leases and bankruptcy, lease versus buy( an unfair comparison), lease versus borrow( the right comparison), reasons for leasing, leasing scenario in India • Session 3:… • Hire Purchase: Conceptual Framework, parties to a hire purchase contract, hire purchase versus installment payment, lease financing versus hire purchase financing, legal framework, accounting ,taxation and reporting ,financial evaluation, • Consumer credit: salient features, parties to a transaction and structure of a transaction. , financial evaluation.
Pedagogy : Interactive class discussions, numerical problem and caselet solving, assignments
Evaluation Criteria and grading pattern:
i) Quiz: 20 marks (40%): There will be a single quiz of weightage 40%. Under no circumstances any make up or additional quizzes can be accommodated. ii) Class participation : 5 marks (10%) iii) End term : 25 marks ( 50% )
The grading pattern will be a curtailed normal distribution. If a student fails to secure at least 12.5 marks (25%) out of 50 he/she will get an ‘F’ in the course. Over and above that the grading pattern is expected to be a normal distribution.
Created By: Bijoy Kar on 04/18/2011 at 11:25 AM Category: PGPBFS Doctype: Document