Course Title: 
Financial Services
Course Code: 
Year Taught: 
Doctoral Programs
School of Arts and Sciences

'Financial Services' is an elective course offered in the second semester of M. Phil. Commerce and Management (Part - Time) offered by School of Arts & Sciences, Kochi.

The primary objective is to help students to understand financial services as the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, and credit-card companies.

Unit 1: 

Introduction to financial services: Meaning, features, classification, scope, fund based activities, non fund based activities, modern activities. New financial products and services, innovative financial instruments, present scenario and challenges facing in the financial service sector.

Unit 2: 

Merchant Banking : Role of Merchant Banker –Services, qualities of Merchant Bankers in India –Scope of Merchant Bankers in India, Progress of Merchant banking in India.

Unit 3: 

Hire purchase and leasing: Meaning, Features. Legal positions – hirepurchase and leasing origin and development – banks and hire purchase business- types of leasing, advantages and disadvantages, treatment of lease, structure of leasing industry.

Unit 4: 

Factoring and forfaiting: meaning, functions, types of factoring, benefits, factoring in India, international factoring. forfaiting meaning, features, factoring Vs forfaiting, pricing of factoring services, forfaiting in India.

Unit 5: 

Securitisation of debt and derivatives: Meaning, securitization Vs factoring, structures, securitisable assets, benefits of securitization, new guidelines of securitization, future prospects.

Derivatives: meaning, kinds of financial derivatives, recent development of derivatives in India.

  1. E Gordon and K Natarajan, Financial markets and services, Himalaya Publishing House.
  2. Financial services in India, G. Ramesh Babu.
  3. G. Ramesh Babu, Management of Financial Institutions in India
  4. Sandeep Goel, Financial Services.