Utkal University, Odisha, General Semester 5, Financial Markets Institutions and Services Syllabus

Unit-1
An Introduction to Financial System, its Components – financial markets and institutions,
financial intermediation, Flow of funds matrix, financial system and economic development, an
overview of Indian financial system

Unit-2
Financial Markets: Money market – functions, organization and instruments. Role of central
bank in money market; Indian money market – An overview
Capital Markets – functions, organization and instruments. Indian debt market; Indian equity
market – primary and secondary markets; Role of stock exchanges in India

Unit-3
Financial Institutions: Commercial banking – introduction, its role in project finance and
working capital finance, Development Financial institutions (DFIs) – An overview and role in
Indian economy, Life and non-life insurance companies in India; Mutual Funds – Introduction
and their role in capital market development. Non-banking financial companies (NBFCs)

Unit-4
Overview of financial services industry: Merchant banking – pre and post issue management,
underwriting. Regulatory framework relating to merchant banking in India

Unit-5
Leasing and Hire–purchase: Consumer and housing finance; Venture capital; Factoring
services, bank guarantees and letter of credit; Credit rating; Counseling.