Mumbai University - Master of Commerce (M. Com) in Banking & Finance Syllabus

University of Mumbai Banking & Finance for M.Com-I  Paper – I COMMERCIAL BANK MANAGEMENT
Semester - I
Module: 1	Overview of Commercial Banking in India – Role and Functions of Commercial Banks – Indian Banking in Pre-Nationalisation and Post-nationalisation Phases – Banking Sector Reforms and their Implications on Indian Banking Sector – Changing Role of Indian Banks – Reforms and Restructuring of Bank Management – Management of Private Sector Banks and Public Sector Banks – Management of Banks in Rural Areas.
Module: 2	Functions of Bank Management – Planning, Organising, Directing, Coordinating, Controlling – Hierarchy of Management and functions at Each Level – Strategic Planning in Banks – Budgeting in Banks – RBI and its Role in Bank Management and Regulation, Prevention of Money laundering Act, 2002.
Module: 3	Credit Management in Banks – Principles of Sound Bank Lending – Loan Policy – Compliance with RBI guidelines – Credit Appraisal and Credit Decision Making – Monitoring and Review of Loan Portfolio – Management of Non-Performing Assets (NPAs) – Classification of NPAs – Debt Restructuring – SARFAESI Act, 2002.
Module: 4	Bank’s Investment Policy – SLR Requirements – Non-SLR Investments – Nature and Significance of Investment Management in Commercial Banks – Fundamental Principles of Security Investment – Management of Security Investment – Reviewing Investment Portfolio – Organisation of Investment Function in Bank.
Semester - II
Module: 1	Customer Relationship Management in banks – Meaning and objectives of CRM in banks - Strategies for Expanding Customer Base – Services to Different Categories of Customers: Retail, Corporate, International, Rural – Banking Ombudsman Scheme – KYC Norms – Customer Retention – Handling Customer Grievances.
Module: 2	Bank Marketing Management – Marketing of Banking Services – Marketing Mix for Banking Services – Developing Marketing Strategies and plans – Marketing Budget –Organisation of Marketing Functions in Banks.
Module: 3	Human Resource Management in Banks – Importance of HRM in Banks– Policies relating to Human Resource Development in India – Selection, Training – Pay Structure in Public Sector Banks and Private Sector Banks – workers Participation in Management - Motivations and Morals – Performance Evaluation – Promotion, Transfer Policy, VRS schemes in Public sector banks.
Module: 4	Evolving Trends and strategies in Modern Banking – Technology – Internet Banking – Mobile Banking – EFT services – Outsourcing of Non-core Services – Financial Inclusions – Micro Credit – SHGs – RBI Guidelines for Micro Credit – Banking Mergers and Acquisitions.

University of Mumbai Banking & Finance for M.Com-I Paper – II FINANCIAL SERVICES
Semester - I
Module: 1	Evolution of Financial Services – Meaning of Financial Services – Various types of Financial Services, Fund based and Non-fund based – Significance of Financial Services – Growth of Financial Services in India – Emerging Trends in Financial Services – Constraints to the growth of Financial Services.
Module: 2	Mutual Funds Concept – History of Mutual fund Industry in India – Different Schemes – Fund Accounting and Valuation – Advantages – UTI: Objective – Functions – Regulation– Performance Measurement and Evaluation of Mutual Fund Schemes – Unit holder’s Protection.
Module: 3	Merchant Banking – Facets of Merchant Banking - Functions – Legal and Regulatory Frameworks – Relevant Provisions of Companies Act – SEBI Guidelines – Role in Issue Management, Appraisal of Projects, Designing Capital Structure and Instruments – Issue Pricing.
Module: 4	Other Financial Services – Leasing and Hire Purchase – Factoring and Forfaiting – consumer Finance – Securitization – Venture Capital – Loan Syndication – Custodial and Depository Services – Credit rating.
Semester - II
Module: 1	Marketing of Financial Services – Categories of Financial Products – Insurance, Banks, Stocks, Mutual Funds, Pension Plans, other Savings Products – Financial Services Marketing Environment – Micro and Macro Environmental Forces – Marketing Mix for Financial Services – Promotional Strategies – Customer Relations and Servicing.
Module: 2	Treasury Management – Structure and Organization – Functions and Responsibilities of a Treasurer – Cost centre, Profit Centre – Integrated Treasury – Treasury and Asset Liability Management – Liquidity Management: CRR/CCIL/RTGS – Types of Exposure and Elimination of Exposure.
Module: 3	Portfolio Management Services – Meaning, Importance, Objectives, Strategies, Types of Strategies – Passive & Active Strategies –Role of Portfolio Managers.
Module: 4	Regulatory Framework for Financial Services – Role of RBI – Role of SEBI – Provisions of Companies Act – Role of FEMA – Ethical issues in the Marketing of Financial Services.

University of Mumbai Banking & Finance for M.Com-II Paper – III FINANCIAL MARKETS IN INDIA
Semester - I
Module: 1	Indian Financial Market Indian Financial System  Development of Financial Markets in India  Constituents of Financial System‐ Primary & Secondary.
Module: 2	Money Market Instruments Structure of Indian Money Market Money market Instruments – Call money and Notice money, Treasury Bills, Certificate of Deposits, Commercial Papers, Finance Bills or Usance , Repo Instruments, Inter Bank Participation Certificate, Inter Corporate Deposits Defects of the Indian Money Market Essentials of a Developed Money Markets Unorganized Money Market – Indigenous Bankers and Moneylenders
Module: 3	Capital Market Instruments Structure and Growth of the Indian Capital Market Indian Capital Market Forms : - A. Industrial Securities – New Issue markets and Old Issue markets, B. Government Securities (Gilt-edged market) Ownership Securities – Equity Shares, Preference Shares, No-par stock Creditorship Securities- Debentures
Module: 4	Derivatives Market Meaning, Importance and Need for Derivatives Market Kinds of Financial Derivatives, Financial Derivatives in India
Semester - II
Module: 1	Regulatory Framework The Reserve Bank of India Securities Exchange Board of India (SEBI) National Company Law Tribunal Competition Commission of India Exchange Regulation Act, 1973 - Foreign Exchange Management Act (FEMA), 1999 Regulation on Foreign Institutional Investors (FIIs)
Module: 2	Cooperative Governance and Finance Section Meaning, Need, Objectives, Importance and Issues of Corporate Governance Evolution and Legal Framework of Corporate Governance in India SEBI and Corporate Governance – Guidelines, Recommendations Measures constituted by RBI towards corporate governance Stock market Scams
Module: 3	Globalization of Financial Markets Indigenous Bond markets, Foreign Currency Bond Markets, Euro market, FDI‐ Inflows‐ Outflows Emerging trends and Challenges in Global Financial markets NRI Investments Impact of Globalization on Indian Finacial Markets
Module: 4	Indian Financial Markets: Concerns and Strategies Money Laundering‐ Parallel Economy‐International Liquidity‐Hawala and the Indian Scenario Ethics, Guidance, Precautions, Preventive measures and Corrective actions against the above Concerns and the related Strategies.

University of Mumbai Banking & Finance for M.Com-II OPTIONAL GROUP OF PAPERS: BANKING AND FINANCE Paper – IV INTERNATIONAL FINANCE
Semester - I
Module: 1	INTRODUCTION:   Meaning – Scope of International Financial Management –Factors contributing to growth in International Finance–Recent Changes in Global Financial Markets.
Module: 2	BALANCE OF PAYMENTS:  Meaning – Components – Factors- Deficit and Surplus in BOP – Capital Account Convertibility and Current Account.
Module: 3	INTERNATIONAL MONETARY SYSTEM: Introduction – Exchange rate regime- The International Monetary Fund: Objectives and Funding Facilities – International Liquidity and Special Drawing Rights.The European Monetary System
Module: 4	FOREIGN EXCHANGE MARKET: Major Participants- Spot market – Forward market.Exchange Rate Quotation : Determination of exchange rates in spot and forward market –Factors influencing exchange rates.Types of Foreign Exchange Rates and Interest rate.
Semester - II
Module: 1	CURRENCY FUTURES:  Futures Contracts – Features –Trading Process- Hedging in currency futures market – Speculation in currency futures market – Futures prices – Forward prices – expected spot prices on delivery.
Module: 2	CURRENCY OPTIONS AND ARBITRAGE: Currency Options: Features – Terminology – Types of options – options pricing - Hedging with currency options – Speculation with currency options.
Module: 3	INTERNATIONAL FINANCIAL MARKET AND RISK ASSOCIATED: International Equities- Bonds- Gains from International Market – Short term and Medium term Instruments types of risks and tools.
Module: 4	MULTILATERAL DEVELOPMENT BANKS: The World Bank – International Finance Corporation – Asian Development Bank.

University of Mumbai Banking & Finance for M.Com-II OPTIONAL GROUP OF PAPERS: BANKING AND FINANCE Paper – V INVESTMENT MANAGEMENT
Semester - I
Module: 1	INTRODUCTION TO INVESTMENT ENVIRONMENT: Introduction - Investment Process - Investment Environment – Criteria for Investment Decision – Types of Investor - objectives of Investors - Investment v/s Speculation - Investment versus Gambling Investment Avenues available to the investor –Factors Influencing selection of Investment alternatives
Module: 2	RISK – RETURN RELATIONSHIP AND PORTFOLIO AYALYSIS: Meaning of risk - Types of risk – Systematic and Unsystematic risk - Measurement of Risk: Meaning of Beta, Standard Deviation and Variance - What is a Portfolio –Expected Return of a portfolio – Risk of Portfolio – Reduction of Portfolio risk through diversification.
Module: 3	FUNDAMENTAL AND TECHNICAL ANALYSIS: Meaning of Fundamental Analysis – Economy analysis- Industry analysis and Company analysis.Meaning of Technical analysis - Basic tenets of Technical analysis –Trends – Dow Theory –Chart Patterns- Elliot Wave Theory.Fundamental analysis v/s Technical analysis.
Module: 4	TOOLS OF VALUATION : Time Value of money, Equity Research, Stock valuation Model
Semester - II
Module: 1	INVESTMENT PLANNING AND REVIEW: Basic Principles of Port Folio management , Construction , monitoring and review.
Module: 2	EFFICIENT MARKET THEORY: Assumptions – Random Walk Theory –Efficient Market Hypothesis- Anomalies in the market.
Module: 3	CAPITAL ASSETS PRICING MODEL: Assumptions of CAPM – Capital Market Line – Security Market Line – CAPM equation –Pricing of Securities through CAPM.- Arbitrage Pricing Model.
Module: 4	PORTFOLIO REVISION AND EVALUATION: Meaning of portfolio revision- Need for revision - Meaning of portfolio evaluation- Need for evaluation – Portfolio performance evaluation: Sharpe‘s ratio – Treynor’s ratio – Jensen’s differential measure.

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