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Lal Bahadur Shastri Institute of Management, DelhiTwo Year Full Time Post Graduate Programme in Management (Finance)

Trimester VI

Course code: 226118 Course : Management of Financial

ServicesAcademic Session: 2011-12 Instructor: Prof. Prem Sibbal

OBJECTIVE

The changes taking place in the financial services industry have far reaching effects on our local and global economies. In view of these changes, the course aims at providing an in-depth understanding of the financial services industry as it exists and the forces governing itsfuture. The emphasis is laid on integrating the theoretical and practical framework to analyzethe forces that shape current and future developments in the financial services industry.Financial services are discussed in detail with special reference to India.

COURSE CONTENTS

Module No SessionNo(s)

Topic & Readings

1 1-2 Financial Services -Developments, Growth and Future prospects An Introduction;Financial Services Industry in transition, Financial services and Valueadded Production, Asset Management, Information and AdvisoryServices, Financial Services and the Economy.

Individual Assignment s and Article ReviewAnnouncement of Real Life Projects

2 3-6 Depository InstitutionsCommer

cialBanks , FinancialSector Reforms.Role of RBI as Banking Regulator.Universal BankingDebit and Credit Cards.FAQ s on Depository Services

CASE STUDY ON BANKS BALANCE SHEET.3

7-10Merchant Banking New Issue Management, Pricing of Securities, Merchant Banking, Boughtout Deals, private Placement and Book Building, Loan Syndication andSyndicated LoansPractical Exercise on Pricing of Equity Shares and Allotment of shares inIPO/FPO .

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CASE STUDY ON SYNDICATION OF LOANS

411-12

Venture Capital-Concept, Regulatory guidelines of SEBIStages of Venture financing,Criteria for appraisal and methods of evaluation.

Exit Strategy of VC Funds.CASE STUDY ON VENTURE CAPITAL.

5 13-14 Factoring and Forfaiting.Concept and scope; need for factoring and forfaiting;Bills discounting and factoring;Practical Problems and Exercises.

GROUP PRESENTATIONS AND EVALUATION

6 15

Credit Rating

Need for credit rating; Scope and Methodologies of credit rating for financial companies, banks and financial instruments; limitations.

CASE STUDY ON CREDIT RATING

7 16

Mutual Funds .Structure and functions of Mutual funds; types of mutualfunds. Performance evaluation of Mutual FundsPractical Problems and exercises

8 17 Leasing and Hire PurchaseCase Study

Practical Problems and Exercises9 18 Insurance Services

Types of Insurance.Role Of Insurance Regulatory Development Authority

10 19 Contemporary IssuesInternet Banking, Internet Trading in Securities MarketRole of SEBI as regulator of Capital Markets .

11 20 Marketing of Financial Services Guest Lecture

Non bank financial companies

Banc assurance Micro Finance Bought out Deals (BOD), Private placement Leasing and Hire Purchase. Securitization

GROUP ASSIGNMENTS All the topics would be allocated to different groupsandthey would visit the company and submit brief report one week prior to

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the date of presentation. Only after the clearance from the course teacher the presentation and discussion would be held in the class.

PEDAGOGYThe teaching methodology is based on active class participation and corporate interface

through real life projects, group assignments and presentations supplemented by thediscussion in the class.

EVALUATION

The course will be evaluated on the following basis:End Term Examination 60 marksInternal Assessment 40 marks

INTERNAL EVALUATION

The internal evaluation of the students will be based on the following basis:Class participation 10

Individual assignment 10Class tests and quizzes 10End term Project (Group) 10

----40

SUGGESTED READINGS

Tripathy, N.P., Financial Services,,Prentice Hall of India Limited Paul Justin, Padmalatha Suresh, Management of Banking and Financial Services,

2007, Pearson Education Financial Services Thummuluri Siddaia- Pearson,2011. Agrawal, Peeush Ranjan,, Mutual Funds A Comprehensive Approach, Orient Law

House Financial Services and Markets Dr. Punithavathy Pandian- Vikas Publishing House

(P) Ltd. Perspectives on Financial Services Subhomoy Das- Allied Publishers(P) ltd Merchant Banking and Financial Services- Dr S. Gurusamy Mcgraw Hill Education-

Vijay Nicole Imprints(P) Ltd Khan, M.Y., Financial Services, Tata McGraw Hill Agarwal, Sanjiv, Investors Guide to Stock Market, Bharat Law House

Agarwal, Sanjiv, Guide to Indian Capital Market, Bharat Law House Pandey, I.M.,, Venture Capital The Indian Experience, Prentice Hall of India Saunders, Anthony, Financial Institution Management, Irwin McGraw-Hill, 3 rd

Edition Verma, J.C., Merchant Banking, Bharat Law House Pvt. Ltd. SEBI / RCI guidelines RBI Reports Indian Economic Survey

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CMIE Reports

There is no comprehensive book that covers all aspects of financial services. Students arerequired to update their knowledge of the subject through financial papers and businessmagazines. They may also refer to the following websites :

www.sebi.gov.inwww.rbi..org.inwww.capitalmarket.comwww.amfi.org

INDIVIDUAL ASSIGNMENTS

Article Review - Each student is required to review one article during the trimester.The article can be collected from any of the following journals or magazines :

Economist CharteredFinancial analyst Fortune India Harvard Business Review Finance India Vikalpa

Management Review Decision Vision Applied Corporate Finance Journal of Finance Indian Journal of Financial

Research

The article review should be of around 1000 words and it should contain an executivesummary of around 75 words.Term Paper Study on Pension Funds in India. Mergers & Acquisitions in banking sector/Mutual funds. NBFCS Lease financing in India

GROUP ASSIGNMENTSReal Life Project on the topics assigned in the class. This project should be submitted inreport form and it should cover:

Conceptual backgroundOperational mechanism

Scenario in India and abroadOrganization based study (as would be highlighted in the class)

Submission date - Each project is going to be presented in the class therefore, submissiondate announcement would be made one week in advance. On an average, one group would beassigned two topics during the complete trimester. The topics assigned to different groups aregiven below.Group I - Depositories // Credit rating

http://www.sebi.gov.in/http://www.capitalmarket.com/http://www.amfi.org/http://www.capitalmarket.com/http://www.amfi.org/http://www.sebi.gov.in/

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Group II - Universal Banking, Commercial Banking (Retailing) //Venture Capital

Group III - New Issue management // Micro financingGroup IV - Project appraisal by MB // Credit ratingGroup V - BOD, Private placement // Credit cards

Group VI - Book building // SecuritizationGroup VII - Mutual funds // Internet banking, Stock tradingGroup VIII - Loan syndication & syndicated loans // Factoring &Forfaiting

All the students are advised to visit the companies in respect of the topics assigned to them.They should be ready with at least one topic by 15 th July., thereafter any students may becalled for presentation with one day notice. The scope of these assignments would bediscussed in the class. In case of any further clarification you may contact the undersigned.