SBM-NMIMS

80131F015
Course Code
Financial Institutions and Markets
Course Title
Course Anupam Rastogi
Instructor/s
3 credits (100 marks paper )
Credit Value
MBA (Law)
Programme &
VI Trimester
Trimester
None
Pre-requisite

CLOs – (in bracket the PLOs to map)

CLO 1) In depth understanding of why markets exist. (PLO1a)
Learning
CLO 2) Importance of financial intermediaries as they exist now. (PLO1b)
Objectives
CLO 3) Role played by different institutions in capital markets in India and
abroad. (PLO7a)
1) Familiarity with financial intermediaries (PLO1a)
Learning
2) Role played by different institutions in developing and regulating capital
Outcomes
markets (PLO1b)
3) Understanding of marketplace where transactions take place. (PLO7a)
Financial enterprises are intermediaries between savers and ultimate users of
funds in an economy. These enterprises transform one form of assets into
Course
another, exchange assets on behalf of different participants in the market, creation
Description
and selling of assets, manage portfolios and proffer investment related advice to
market participants.
Evaluation
Pattern Specific assessment 3 AOL CLO CLO CLO 3
methods Credit Instruments 1 2
(*)
Bloomberg Market 10% Embedded 5% 5%
Concepts Quiz questions
Class participation 10%
(Individual)
Project 20% 10% 10%
Mid-Term Examination 20% Embedded 10% 10%
questions
Final Exam 40% Embedded 20% 10% 10%
questions
Total 100

*AOL Assessment Instruments:

 Embedded Questions: Quiz, Class Test, Midterm Examination, Final

Examination

 Rubrics: Case & Article Discussion, Individual Assignment

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 Group Projects & Viva’s, Case Problem analysis, Oral and written
communication presentations, Role Play,
Group Presentation, Group Project etc.

Topics / Sub -topics
Sessions
Introduction to Financial
Intermediaries and Markets
1
Chapter detail
Pedagogy adopted for class
/ Article engagement.
Reference / Case Learning Outcomes
Studies session wise
Fabozzi (Chapters 1 Lecture and discussions.
& 2) Learning outcome:
Role of intermediaries,
functions of intermediaries
and nature of liabilities of
financial intermediaries.

Depository Institutions : Fabozzi (Chapters 3) Lecture and discussions.

Activities and Characters Learning outcome:
Asset liability problem and
liquidity concerns of
2
depository institutions,
services provided by banks
and regulation of banking
sector in India

Central Bank Fabozzi (Chapters 4) Lecture and discussions.

Learning outcome:
Functions performed by a
3
central bank, central banks
in India, Europe, Bank of
England and Japan

Monetary Policy Fabozzi (Chapters 5) Lecture and discussions.

Learning outcome:
Instruments of monetary
4
policy and how different
instruments are used to
achieve monetary stability

Insurance and Pension Fabozzi (Chapters 6 Lecture and discussions.

& 8) Learning outcome:
Insurance and pension
5
sectors in India, regulatory
regime and investment
regulations

6 Term Structure and CAPM Fabozzi (Chapters Lecture and discussions.

11) Learning outcome:

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 Pricing of financial assets,
yield curve and term
structure of interest rates

Primary and Secondary Fabozzi (Chapters 13 Lecture and discussions.

Markets & 14) Learning outcome:
Primary and secondary
7 markets of equity and debt
instruments, issuers and
regulators of these
instruments.

Government Debt Market Fabozzi (Chapters Lecture and discussions.

15) Learning outcome:
Methods of issuance of
government securities,
8
placement of government
securities, role and
privileges of primary
dealers

Stock Markets Fabozzi (Chapters 17 Lecture and discussions.

& 18) Learning outcome:
Functions of a stock
9
exchange, issue of
securities, market structure
and indices

Corporate Debt Fabozzi (Chapters 19 Lecture and discussions.

10
& 20) Learning outcome:
Features of a corporate
bond, indenture and
covenants

Mortgage Market Fabozzi (Chapters Lecture and discussions.

22) Learning outcome:
Mortgage origination
11
process, types of
mortgages and investment
risks

12 MBS and ABS Fabozzi (Chapters 23 Lecture and discussions.

& 24) Learning outcome:
Creation of mortgage
based securities, its cash
flow characteristics, asset
based securities and

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 possible structure of ABS

Futures Markets Fabozzi (Chapters Lecture and discussions.

26) Learning outcome:
13 Forward and futures
market, settlement and
mark to market.

Options Markets Fabozzi (Chapters Lecture and discussions.

27) Learning outcome:
14 Understanding Call and
put options, their pay offs
and selling of options

Swaps and Credit Fabozzi (Chapters Lecture and discussions.

Derivatives 30) Learning outcome:
Understanding swaps,
15
swap bank and risks of
interest rate and currency
swaps

Forex Markets Fabozzi (Chapters Lecture and discussions.

32) Learning outcome:
Foreign exchange risks,
16 hedging of forex exposures
and interaction of interest
rates, inflation and
exchange rates

Commodities Market Class presentation Lecture and discussions.

Learning outcome:
Defining characteristics of
17
commodities, supply and
demand of commodities
and commodities trading

Project Presentation Presentation by Presentation by students

Group 1 – Pros and cons of Groups 1, 2 and 3 and discussion on the
internationalization of INR projects
18 Group 2 – Premium
enjoyed by Indian stock
market among emerging
markets
Group 3 – UPI
19 Project Presentation Presentation by Presentation by students
Group 4 – Difference Groups 4, 5 and 6 and discussion on the
between digitisation of projects
INR and a cryptocurrency
Group 5 – Carbon credits
markets
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 Group 6 – Importance of
pension funds
Project Presentation Presentation by Presentation by students
Group 7 – Dollar as a Groups 7 and 8 and discussion on the
20
reserve currency is dead projects
Group 8 – Weather
derivatives
Reading List Text Book
and 1. Fabozzi FJ, Modigliani F, Jones F J and Ferri MG (2010) – Foundations of
References Financial Markets and Institutions, 4th edition, Pearson, New Delhi (Fabozzi)
References
(along with 2. Ascent of Money by Niali Ferguson, The Penguin Press, New York (2008)
details of 3. Financial Markets and Institutions by Saunders and Cornett, Third Edition,
year of
Tata Mc Graw Hill, 2008
Publication)
4. A Review of Indian Securities Market, NSE, 2010 (pdf file available)
5. Frequently Asked Questions on Primary Market Issuances-SEBI (pdf file
available)
6. SECURITIES CONTRACTS (REGULATION) ACT, 1956 [42 OF 1956]
(pdf file)
7. THE SECURITIES CONTRACTS (REGULATION) RULES, 1957 (pdf file
available)

Prepared by Faculty Team Area & Program chairpersons

Faculty Chair AOL Approved by Dean SBM

Approved by Associate Deans

Rubric for Project Work

4-5.99 6-7.99 8-8.99 9-10 Total

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Importance of Unaware Identifies an Identifies Identifies most
financial of the inferior issues correct issues. important
intermediaries CLO2 issues. issues
Role played by Unaware Identifies an Identifies Identifies most
different institutions of the inferior issues correct issues. important
in capital markets in issues. issues
India and
abroad.CLO3

Assurance of Learning Template: *MBA Program

Course Title Strategic Financial Management

Course Instructor(s) Anupam Rastogi

Credits 3

Program/Term IV

MBA Program: Program Learning Objectives

PLO 1 To develop an understanding of dynamics shaping global business
PLO 2 To develop critical thinking skills
PLO 3 An integrative approach to decision making and problem solving
PLO 4 To develop technological orientation and digital fluency
PLO 5 Effective communication skills
PLO 6 To sharpen leadership & interpersonal skills
PLO 7 An understanding of ESG challenges impacting business

MBA Course Learning Objectives

CLO1
In-depth understanding of why markets exist. (PLO1a)
CLO2
Importance of financial intermediaries as they exist now. (PLO1b)
CLO3 Role played by different institutions in capital markets in India and
abroad. (PLO7a)

Evaluation/Assessment

Component 3 AOL CLO 1 CLO 2 CLO 3

Credit instrument (*)
Bloomberg Market Concepts 10%
Quizz
Class participation 10%
Project 20% 10% 10%
Mid-Term Examination 20% Embedded 10% 10%
questions

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Final Exam 40% Embedded 20% 10% 10%
questions

AOL Assessment

Criterion for the assessed CLO MBA Final Reported %

Below Expectation Below 65% Not More Than 20%

Meeting Expectation 65% - 75%

Exceed Expectation Above 75%

Recommendations and Action Points

Faculty

Area

Program

Dean

Change, Alignment, Modification/Revision Report and Communication

Signatures: Faculty / Area / Program / Dean SBM

PROGRAM LEARNING OBJECTIVES

PROGRAM LERANING OBJECTIVES

PLO 1 To develop an understanding of dynamics shaping global
business
 PLO 1a: Demonstrate adaptability and ability to
contextualize issues in diverse environments
 PLO 1b: Comprehend how competitive environments are
changing business practices locally, regionally, and globally
 PLO 1c: Demonstrate ability to identify and analyse
cultural issues that impact business

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 To develop critical thinking skills
PLO 2
 PLO 2a: Demonstrate ability to reflect and draw on
coursework and life experiences in making managerial
decisions in competitive and uncertain business
environments
 PLO 2b: Demonstrate ability to solve complex and
unstructured problems with nonobvious solutions by
breaking them down into simpler parts
 PLO 2c: Acquire the ability to present a structured analysis
of managerial situations/dilemmas, traversing
across domains, using various strands of interpretations
PLO 3 An integrative approach to decision making and problem
solving
 PLO 3a: Synthesize data/information across functional
areas to understand interlinkages of functions
 PLO 3b: Develop an analytical approach to identify,
formulate and reformulate ambiguous and unfamiliar cross-
functional problems
 PLO 3c: Develop an ability to integrate lead and lag
metrics, undertake cause and effect analysis for business
problem solving across functional areas
PLO 4 To develop technological orientation and digital fluency

 PLO 4a: The ability to handle data, use open access and
platform software, access digital services, and interact with
AI/machine learning
 PLO 4b: Develop a strategic understanding of current
and emerging technologies that mould and transform
organisations
 PLO 4c: Use digital literacy to aid planning and control
of resources in a dynamic environment to enhance
interdisciplinary management competency
 PLO 4d: Apply analytical techniques/models/frameworks
to decipher data/information to reflect critically on
specific business contexts

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 Effective communication skills
PLO 5
 PLO 5a: Communicate across channels tailoring messages
to suit the needs of different stakeholders
 PLO5b: Demonstrate an ability to frame thoughts into
coherent and credible oral, visual and written narratives
 PLO5c: Present logical and structured assessment of
business information and data in a professional manner
PLO 6 To sharpen leadership & interpersonal skills

 PLO 6a: Develop skills to lead, influence and motivate a

team across cultures and geographies to work towards a
common goal
 PLO 6b: Demonstrate an ability to handle conflict and
communicate effectively with team members
 PLO 6c: Develop an ability to plan, implement and
complete negotiations by maximising results
PLO 7 An understanding of ESG challenges impacting
business
 PLO 7a: Understand the need to create sustainable
outcomes that drive value, whilst strengthening the
environment and the society
 PLO 7b: Appreciate structures and processes that are
needed for impactful resource allocation and;
accountable and transparent governance
 PLO 7c: Demonstrate ethical sensibilities in business
decision making and, an understanding of good corporate
citizenship behavior through CSR

MBA Law
Trimester IV
Academic Year 2022-23
Project Work Schedule
Instructions:

1. Submit two files. First file will be a word DOC file having general description of the problem
given to you, historical background, regulatory description and finally, answer of the questions
given to you. Size of doc files should not be less than 4,000 words. Second file will be PPT
presentation.
2. Sources of information: Money Control, in.finance.yahoo.com, WSJ, Bloomber.COM, company
website, NSE, BSE, Company filings www.sec.gov (for EDGAR Database), official
announcements, and news appearing in media. Read Chairman’s speech and management

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 discussion to understand company’s financial strategy. All information in your answer should
duly acknowledge the source of information.
3. File name should be GR-?-2023-########.**** Where ‘?’ is ‘Group Number’ in roman
numeral according to the following table, ######## would be topic, and **** would reflect the
type of document.
4. Send the three files to anupam.rastogi@sbm.nmims.edu at least 24 hrs before the presentation
day.

Group Group Members Topic Qs to be answered

Numbe
r

I ANAND NAIR Pros and cons of 1. Advantages and disadvantages of a

AKSHALI RANE internationalization reserve currency
UNNATI ARORA of INR 2. International trade share of Rupee
PUSHTI GOENKA 3. Who should regulate this market
II VEDASHREE Premium enjoyed 1. Support your answer by analysing the
GHORPADE by Indian stock past data
NIKITA GUPTA market among
NISHI VASNIK emerging markets
OSHIN KUMARI
III ANJALI UPI 1. What is UPI?
KHANDELWAL 2. Has it affected the banking sector in
KINNARI India? If so, how?
THAKKAR 3. Is internationalization of UPI possible?
MANISHA SHAHI
PRIYANSHI SHAH
IV RASHMI AGARWAL Difference between
PRATEEK SHARMA digitisation of INR
YUGANDHAR and a
CHEDE cryptocurrency
APOORVA ADHAV
V VIKAS SHARMA Carbon credits 1. Why do you need this asset class?
TANYA GARG markets 2. Which need of the market this synthetic
SHWETANJALI asset fulfills and how?
GARG 3. Why has this market collapsed in the last
three years?
SHRUTI NALWAYA
VI SIDHARTH Importance of 1. What role pension funds play in the life
THAKUR of individuals, financial markets and the
pension funds economy?
NEHA SINGH
MEDHA KIRTI 2. Support your answer with data.
SHIVAM KUMAR
VII KAMAL LATH Dollar as a reserve 1. Support your answer using data from
DIVYA MISHRA Bloomberg.
currency is dead
BINU CHADHA
AYUSHMAN NAG
VII AKASH SWARUP Weather derivatives 1. Who benefits from this product?
ADITI SINGH 2. Compare weather derivatives of India
TEJASWINI with any weather derivative product from
MUJUMDAR Europe.
3. Comment on its differences.
PAULAMI SEN

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