Finance

 

 

Faculty of Management Studies

Master of Business Administration

Sem.-III

 

Subject Code: 1MS2020332

Subject Title: Banking and Financial Services

1.   Course Objectives and Outline:

 

In this changing financial scenario, students of management need to learn about broad framework of Financial System, its constituents, their linkages and the regulatory mechanism under which it operates. The course content includes a study of the financial markets, financial intermediation and different financial services. The specific objectives of the course include:

·         To familiarize the students with Indian Financial Systems.

·         To equip the students with the theoretical and practical knowledge of different Banking and Financial Services.

2.   Teaching Scheme (Hours per week)

Lecture (Hrs.)

Tutorial

Practical

Credit

Evaluation Scheme (Marks)

Total

University Assessment

Internal Assessment

4

-

-

4

60 Marks

40 Marks

100 Marks

s

3.   Syllabus

Module No.

Contents

Total Hours

Weight

1

Introduction to banking system:

Introduction to Banking, Role of Commercial Banking in the Economy, Structure, Growth and Development of Banking in India Indian capital markets; Mutual Funds; Merchant Banking; Origin and evolution of Indian Banking, Changes in the role and functions of Commercial Banks; Role of RBI, functions of RBI

12

25%

2

Financial Markets & its instruments:

Financial System and Financial Markets- Meaning, Types, Classification of Financial Markets, Money Market, Capital Market, Primary Market, Secondary Market, Debt Market-Regulatory body & its role, Reforms & its impact, Plastic Money (Debit, Credit & Smart Card)

12

25%

3

Financial Services and non depository institutions:

Merchant Banking, Factoring, Forfeiting Leasing, Securitization, Custodian Services, Mutual Funds– performance, evaluation of mutual funds, Depository services – legal aspects SEBI governance

12

25%

4

Merchant Banking, Credit Rating, Venture Capital, Leasing and Hire Purchase, Letter of Credit, Bills Discounting and Bills Financing, Management of Non Banking Financial Companies and Microfinance

12

25%

 

4.   Course Pedagogy

The Pedagogy of the subject involves Lectures, Case Studies, Real life Business Scenarios. Students will be given group tasks and assignments.

5.   Suggested Readings

a.      Books

1

The Indian Financial system –Market, Institutions and Services; by Bharti V  Pathak, ; Pearson publication

2

Financial Services; by M.Y Khan, Tata McGraw Hill publication

3

Financial Institutions and Markets; by  L M Bhole; Tata McGraw-Hall publication

4

Financial markets and Institutions; by S. Gurusamy; Thomson publications

5

Financial Markets and Financial Services; by Vasant Desai, Himalaya publications

6

Indian Financial System; by H. R. Machiraju; Vikas Publishing House

7

Financial Services & System; by K Sasidharan; Tata McGraw-Hall publication

 

b.      Journals/Magazines

 

·         Journal of Banking & Finance, Elsevier

·         International Journal of Bank Marketing: For the Financial Services Sector ,Emerald publishing

·         Vikalpa, Sage publication& Indian Institute of Management, Ahmadabad

·         Journal of Financial Services Research, Springer

6.   Evaluation Scheme

 

Sr. No.

Component

Weight

1

University Examination

60%

2

Internal Assessment

-Depending on the need and objectives of the subject, internal assessment should include minimum three of the following sub-components;

Class Test, Quiz, Assignments, Case Presentation, Class Participation, Projects, Team/Individual Assignments.

-The weightage of a sub-component should not exceed 50% of internal assessment component weight.

- The bifurcation of sub-components shall be communicated by the instructor before commencement of the academic sessions.

40%

 

 

Subject Code: 1MS2020333

Subject Title: Corporate Finance

1.   Course Objectives and Outline:

This subject focuses on the strategic aspect of financial management for the organizations. Students are presented with a conceptual framework for understanding and addressing problems commonly faced by corporate decision makers. The objective of the subject is to provide necessary inputs to the students in the form of concepts, theories and financial management techniques related to Investment decisions and capital financing decisions. It also emphasizes on the practical and strategic aspects of capital expenditure and merger and acquisition decisions which will equip the students to apply their skills and knowledge effectively in the future while dealing with corporate finance decisions.

2.   Teaching Scheme (Hours per week)

Lecture (Hrs.)

Tutorial

Practical

Credit

Evaluation Scheme (Marks)

Total

University Assessment

Internal Assessment

4

-

-

4

60 Marks

40 Marks

100 Marks

 

3.   Syllabus

Module No.

Contents

Total Hours

Weight

1

Introduction to Corporate Finance: Goals of Financial Management, Company Stakeholders and Agency Relationship. Corporate Planning: Process of Financial Planning, Types of Financial Plan, Financial Model, Tools and Techniques of Financial Modeling, Uses and Limitations of Financial Modeling, Financial Markets

12

25%

2

Investment Decision: Risk and Return Analysis, Risk Analysis using Probability Approach. Capital Investment Decisions: Cash Flow Estimation, Identifying Relevant Cash Flows. Evaluating Capital  Budgeting Projects: Sensitivity Analysis, Scenario Analysis, Risk Adjusted Discount Rate, Certainty Equivalent Factor, Decision Trees Approach

12

25%

3

Capital Structure Decisions: Financial Leverage and Firm Value, Capital Structure Decisions, Financial Distress Costs, Estimating the Optimal Capital Structure, Capital Structure Theory

12

25%

4

Valuation in Mergers and Acquisitions: Mergers and acquisitions and its Types, Application of valuation models for business mergers and  acquisitions, Determination of Exchange Ratio(Swap) or Purchase Consideration, Synergistic benefits and distribution of synergy gains, Expansion and Financial Restructuring

12

25%

 

4.   Course Pedagogy

The pedagogy of the subject involves Lectures, Case Discussions, Real life Business Scenarios. To enrich the learning process students will be given group tasks and assignments and live projects.

5.   Suggested Readings

a.      Books

1

Applied Corporate Finance, By Ashwath Damodaran, Wiley Publication

2

Principles of Corporate Finance, By Brealey and Myers, McGraw Hill Publication

3

Corporate Valuation, By Prasanna Chandra, McGraw Hill Publication

4

Strategic Financial Management, By Ravi Kishor, Taxmann

5

Corporate Finance, By Ross, Westerfield, Jaffe, Jordan, McGraw Hill Publication

6

Strategic Financial Management, By J B Gupta, Taxmann

 

b.      Journals/Magazines

·         Prabandhan- Indian Journal of Management, By IIM-Ahmadabad.

·         International Journal of Managerial Finance, Emeraldinsight

 

6.   Evaluation Scheme

 

Sr. No.

Component

Weight

1

University Examination

60%

2

Internal Assessment

-Depending on the need and objectives of the subject, internal assessment should include minimum three of the following sub-components;

Class Test, Quiz, Assignments, Case Presentation, Class Participation, Projects, Team/Individual Assignments.

-The weightage of a sub-component should not exceed 50% of internal assessment component weight.

- The bifurcation of sub-components shall be communicated by the instructor before commencement of the academic sessions.

40%

 

 

Subject Code: 1MS2020334

Subject Title: Corporate Taxation and Planning

1.   Course Objectives and Outline:

The course acquaint the participants with basic principles underlying the provisions of individual and corporate tax laws and to develop a broad understanding of the tax laws and accepted tax practices. The subject also introduces practical aspects of tax planning and preparation as an important managerial decision-making process.

2.   Teaching Scheme (Hours per week)

Lecture (Hrs.)

Tutorial

Practical

Credit

Evaluation Scheme (Marks)

Total

University Assessment

Internal Assessment

4

-

-

4

60 Marks

40 Marks

100 Marks

 

3.   Syllabus

Module No.

Contents

Total Hours

Weight

1

Introduction to Income Tax Act, 1961: Basic Concepts and definitions, Basis of charge and scope of total income, Residential Status and Incidence of Tax, Heads of income and computation of total Income (i.e. Salary, House Property, Profits from Business or Profession, Capital gain), Assessment of income of different persons

12

25%

2

Corporate Taxation: Classification, Tax incidence, Computation of taxable income and assessment of tax liability, Dividend Distribution Tax (DDT), Minimum Alternate Tax (MAT), Other special provisions relating to companies, Tax Deduction at Source (TDS) and Advance tax payments

12

25%

3

Administrative procedures: Return Filing and Refund procedures, Demand, Recovery, Assessment, appeal, revision, and settlement. Special Procedure for Assessment of search cases, E-commerce Transaction and liability in special cases, Penalties, fines and prosecution.

12

25%

4

Wealth Tax and Other Direct Taxes: Wealth Tax Act and Rules, definition of Wealth and Its Components, Wealth escaping Assessment, Assets Exempt from Wealth Tax, Gift Tax Act and Rules, Banking Transactions Act and Securities Transaction Act

12

25%

 


 

4.   Course Pedagogy

The pedagogy of the subject involves Lectures, Case Discussions, Real life Business Scenarios. Students will be given group tasks and assignments. In Movie based learning, students will watch a movie based on management concept and required to submit an assignment which will be part of their continuous evaluation process.

5.   Suggested Readings

a.      Books

1

Students’ Guide to Income Tax, Dr. Vinod K Singhania and Dr. Monica Singhania, Taxmann Publication

2

Direct Taxes Laws & Practice, Dr. Vinod K Singhania and Dr. Kapil Singhania, Taxmann Publication

3

Direct Tax, By B. B. Lal and N. Vashisht, Pearson Education

4

Business & Corporate Taxation, By H P Ranina,

5

Indirect Taxes & Practices, By Datey, Taxmann Publication

 

b.      Journals/Magazines

·         Taxmann – The Tax law Weekly

·         SEBI and Corporate Laws - The Corporate Laws Weekly

·         The GST Weekly : Goods and Service Tax Cases (https://www.magzter.com/IN/TAXMANN-ALLIED-SERVICES-PVT.-LTD./Goods-&-Services-Tax-Cases/Journals)

 

6.   Evaluation Scheme

 

Sr. No.

Component

Weight

1

University Examination

60%

2

Internal Assessment

-Depending on the need and objectives of the subject, internal assessment should include minimum three of the following sub-components;

Class Test, Quiz, Assignments, Case Presentation, Class Participation, Projects, Team/Individual Assignments.

-The weightage of a sub-component should not exceed 50% of internal assessment component weight.

- The bifurcation of sub-components shall be communicated by the instructor before commencement of the academic sessions.

40%

 

 

Subject Code: 1MS2020335

Subject Title: Project Finance

1.   Course Objectives and Outline:

The subject focuses on explaining the analytical methods and techniques useful in different facets of investment appraisal. It enables a student to understand the basics of project finance and the ways to obtain and manage project finance.

  

2.   Teaching Scheme (Hours per week)

Lecture (Hrs.)

Tutorial

Practical

Credit

Evaluation Scheme (Marks)

Total

University Assessment

Internal Assessment

4

-

-

4

60 Marks

40 Marks

100 Marks

 

3.   Syllabus

Module No.

Contents

Total Hours

Weight

1

Overview of Project Finance, Capital Allocation Framework, Generation and Screening of Project Ideas, Time Value of Money

12

25%

2

Market and Demand Analysis, Technical Analysis, Investment Criteria, Financial Estimation and Projections, Project Cash Flows

12

25%

3

The Cost of Capital, Risk Analysis and Single Investments, Special Decision Situations, Firm Risk and Market Risk

12

25%

4

Financing of Projects, Venture Capital, Project Management, Project Review and Administrative Aspects

12

25%

 

4.   Course Pedagogy

The pedagogy of the subject involves Lectures, Case Discussions, Real life Business Scenarios. Spreadsheet based exercise and assignments shall be done for selected topics of the subject.

5.   Suggested Readings

a.      Books

1

Projects; By Prasanna Chandra; Tata McGraw Hill

2

Principles of Project Finance; By Yescombe, Elsevier

3

Project Financing; By John D. Finnerty; Wiley

4

Introduction to project finance; By Andrew Fight, Butterworth-Heinemann(Elsevier)

5

Project finance in theory and practice: designing, structuring, and financing private and public projects; By Stefano; Academic Press

 

b.      Journals/Magazines

·         South Asian Journal of Management, By The Association of Management Development Institutions in South Asia.

·         Prabandhan- Indian Journal of Management, By IIM-Ahmadabad.

·          Journal of Applied Corporate Finance, Wiley

·         European Financial Management, Wiley

·         International Journal of Finance & Economics, Wiley

·         International Journal of Project Management, Elsevier

6.   Evaluation Scheme

 

Sr. No.

Component

Weight

1

University Examination

60%

2

Internal Assessment

-Depending on the need and objectives of the subject, internal assessment should include minimum three of the following sub-components;

Class Test, Quiz, Assignments, Case Presentation, Class Participation, Projects, Team/Individual Assignments.

-The weightage of a sub-component should not exceed 50% of internal assessment component weight.

- The bifurcation of sub-components shall be communicated by the instructor before commencement of the academic sessions.

40%

 

 

Subject Code: 1MS2020331

Subject Title: Security Analysis and Portfolio Management

1.   Course Objectives and Outline:

The course covers investment environment, instruments-their attributes and valuation, and financial markets. It also covers dimensions of portfolio theory and practice and risk management. Students will be exposed to the topics of investment policy, asset allocation, market mechanisms, and performance evaluation of managed portfolio. The research on market efficiency and their implications shall be overviewed. The course aims to equip students for a career in securities market related opportunities. Following are the objectives of the course;

·         To gain knowledge of investment instruments and investment environment

·         To develop skill to practice different portfolio theories

·         To develop for career in investment management opportunities

   

2.   Teaching Scheme (Hours per week)

Lecture (Hrs.)

Tutorial

Practical

Credit

Evaluation Scheme (Marks)

Total

University Assessment

Internal Assessment

4

-

-

4

60 Marks

40 Marks

100 Marks

 

3.   Syllabus

Module No.

Contents

Total Hours

Weight

1

Introduction to Investment, Investment Alternatives, Securities Markets, Risk and Return

12

25%

2

Bond Prices and Yields, Bond Portfolio Management, Equity Valuation, Technical Analysis

12

25%

3

Macroeconomic and Industry Analysis, Company Analysis, Futures and Options, Efficient Market Hypothesis

12

25%

4

Portfolio Theory and Portfolio Analysis, Capital Asset Pricing Model, Arbitrage Pricing Theory, Portfolio Performance Measurement (Ref. Book#3), Strategies of the Grand Masters (Ref. Book#1)

12

25%

 

4.   Course Pedagogy

The pedagogy of the subject involves class room lectures, class room discussions, solving numerical problems, Presentations, and portfolio games on various websites. Students shall be given group tasks and assignments. Spreadsheet applications shall be used to demonstration the analysis of real data of corporate and stock prices.

 

5.   Suggested Readings

a.      Books

1

Investment Analysis and Portfolio Management; By Prasanna Chandra; Tata Mcgraw Hill

2

Investments: By Bodie, Kane & Marcus; Tata McGraw Hill

3

Investment Analysis and Portfolio Management: By Reilly & Brown; Cengage Learning

4

Fundamentals of Investments; By Alexander; Sharpe & Bailey

5

Security Analysis and Portfolio Management; By Fischer & Jorden

 

b.      Journals/Magazines

·         Journal of Finance-Wiley Publication

·         The Economic Journal – JSTORE Publication

·         Journal of empirical finance - Elsevier

·         Journal of financial and quantitative Analysis- Cambridge University Press

·         South Asia Economic Journal-Sage Publication

·         Financial analysts journal- CFA Institute

·         Review of Financial studies-Soc Financial Studies

·         Journal of Financial Economics - Elsevier

·         Journal of Business Finance - Wiley Publication

·         Finance India-Indian Institute of Finance Publications

·         NSE News Letter, NSE Research Initiative-NSE India

 

6.   Evaluation Scheme

 

Sr. No.

Component

Weight

1

University Examination

60%

2

Internal Assessment

-Depending on the need and objectives of the subject, internal assessment should include minimum three of the following sub-components;

Class Test, Quiz, Assignments, Case Presentation, Class Participation, Projects, Team/Individual Assignments.

-The weightage of a sub-component should not exceed 50% of internal assessment component weight.

- The bifurcation of sub-components shall be communicated by the instructor before commencement of the academic sessions.

40%

 

 

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