UNIQUE SERIES AKTU Syllabus
BMBF306

Financial Markets & Services

L-T-P3-0-0 Credits3 Session2025-26 TypeTheory
Appears in 1 semester

MBA Banking & Financial Services · Sem 3 (Core)

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Syllabus

5 units · 40 lecture hours
Unit1

Unit 1: Overview of Financial Markets and Financial Services

7 hrs

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.

Unit2

Unit 2: Commodity, Debt and Digital Financial Markets

7 hrs

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.

Unit3

Unit 3: Financial Instruments, Investment Products and Emerging Technologies

10 hrs

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.

Unit4

Unit 4: Financial Institutions and Modern Financial Services

9 hrs

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.

Unit5

Unit 5: Global Financial Markets, ESG and Sustainable Finance

7 hrs

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.

Course Objectives5 points
  • Understand the structure, functions, and regulatory framework of financial markets and financial services.
  • analyse the functioning of money, capital, commodity, debt, and international financial markets.
  • Apply knowledge of financial instruments, financial services, and digital technologies in financial decision-making.
  • Evaluate the impact of emerging technologies such as Artificial Intelligence (AI), Blockchain, FinTech, ESG investing, and Digital Banking on financial markets.
  • Develop the ability to analyse financial market trends and design sustainable investment and financial service strategies. Course Contents
Course Outcomes (COs)5 outcomes

After completion of the course student will be able to:

  1. CO1Define and explain the structure, functions, and regulatory framework of financial markets and financial services. K2: Understanding
  2. CO2Explain and differentiate money, capital, commodity, debt, and digital financial markets along with their instruments, institutions, and participants. K2: Understanding
  3. CO3Apply knowledge of financial instruments, digital banking, FinTech, AI, Blockchain, and payment systems to analyze financial market operations and investment decisions. K3: Applying
  4. CO4Evaluate financial services, investment products, ESG practices, and global financial market developments for effective financial decision-making. K5: Evaluating
  5. CO5Develop sustainable financial market and investment strategies by integrating emerging technologies, regulatory frameworks, and responsible finance practices. K6: Creating

Suggested Readings (Latest Edition)

  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.

Official AKTU syllabus

This subject is on page 9, 10, 11 of the original AKTU PDF.

Official AKTU syllabus PDF ↗