munotes®

B.Com. (Banking and Insurance) Foundations of Indian Knowledge Systems in Banking and Insurance Syllabus - Mumbai University

This is the TY BBI syllabus under NEP 2020, in force from the academic year 2026-27. The University still sets the earlier Choice Based papers alongside it for ATKT candidates, so check which scheme your exam form names before you revise.

Foundations of Indian Knowledge Systems in Banking and Insurance Syllabus.pdf
Major · Semester 5 · TY BBI · 2 credits · 50 marks

Loading syllabus...

Syllabus for Foundations of Indian Knowledge Systems in Banking and Insurance

Major · Semester 5 · TY BBI · 2 credits · 50 marks

Module I: Indian Knowledge Systems in Banking

  • Unit 1: Indigenous Banking Concepts and Practices (Advanced) Teaching Points with Description:
  • Evolution of Indigenous Banking: Study of early Indian financial intermediaries— sethis, mahajans, and shroffs—and their role in economic transactions.
  • Hundi System: Types and Operations: Discussion of darshani, muddati, and shahjog hundis as early credit, remittance, and bill-of-exchange instruments.
  • Indigenous Credit and Lending Ethics: Dharma-based credit principles, fairness in interest, prohibition of exploitative lending, and guidelines from Manusmriti and Arthashastra.
  • Transition to Modern Banking: How traditional instruments and practices influenced modern banking systems such as negotiable instruments, credit assessment, and trust- based finance.
  • Unit 2: Financial Governance, Accountability & Economic Administration in IKS Teaching Points with Description:
  • Arthashastra’s Financial Administration: Insights on treasury management, auditing, revenue collection, expenditure control, and fraud prevention.
  • Ethics of Wealth Management: Dharma-inspired guidelines on honesty, transparency, trusteeship, and corporate governance.
  • Regulatory Concepts in Ancient India: Oversight structures, penalties, regulatory mechanisms, and financial discipline practiced in ancient kingdoms.
  • Relevance to Modern Banking Regulation: Application to today’s RBI compliance frameworks, governance standards, accountability norms, and anti-corruption policies.

Module II: Indian Knowledge Systems in Insurance

  • Unit 3: Indigenous Insurance, Risk Management & Social Security Systems Teaching Points with Description:
  • Community-Based Risk Sharing: Village collectives, trade guilds (Shrenis), and community funds used to support members during loss or adversity.
  • Maritime and Trade-Related Risk Mitigation: Protection for traders, caravans, and seafaring missions; early forms of insurance against theft, loss, and natural calamities.
  • Natural Disaster Preparedness in Ancient India: Traditional approaches to managing droughts, floods, and famines through community reserves, grain banks, and relief mechanisms.
  • Parallels with Modern Insurance Products: Mapping traditional practices to today’s health, crop, marine, and social insurance schemes.
  • Unit 4: Wealth Protection, Security Systems & Ethical Insurance Practices Teaching Points with Description:
  • Traditional Wealth Preservation Methods: Gold, land, cattle, and temple treasuries as long-term security and collateral.
  • Moral and Ethical Dimensions of Insurance: Principles of fairness, risk-sharing, and duty toward the community based on dharmic values.
  • Family and Community-Based Social Security: Lineage support systems, joint families, mutual aid, and their significance in modern microinsurance.
  • Applicability to Modern Insurance Industry: How ancient principles can inspire ethical claims settlement, customer trust, responsible underwriting, and community- focused insurance models.

Reference Books

  • 1 Kautilya – Arthashastra (translated editions)
  • 2 Balasubramaniam, K. – Indian Knowledge Systems
  • 3 S. Subramanian – History of Indigenous Banking in India
  • 4 S.K. Roy – Indian Insurance Industry: Transition and Prospects
  • 5 V. Sundaram – Economic Thought in Ancient India

Reproduced from the University of Mumbai syllabus for B.Com. (Banking & Insurance) under NEP 2020, in force from the academic year 2026-27. Wording is as printed in that syllabus. Module numbering is as printed there too.

The complete syllabus

This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.

PDF BCom (Banking & Insurance) Honours Sem VII & VIII (2026-27) NEP NEP 2020 syllabus, in force from 2026-27 Read full PDF Read
PDF BCom (Banking & Insurance) Honours with Research Sem VII & VIII (2026-27) NEP NEP 2020 syllabus, in force from 2026-27 Read full PDF Read
PDF BCOM (BBI) SEM I & II (2024 25) NEP NEP 2020 syllabus, in force from 2024-25 Read full PDF Read
PDF BCom (Banking & Insurance) Sem III & IV (2025-26) NEP NEP 2020 syllabus, in force from 2025-26 Read full PDF Read
PDF BCom (Banking & Insurance) Sem IV Community Engagement Project (2025-26) NEP NEP 2020 syllabus, in force from 2025-26 Read full PDF Read
PDF BCom (Banking & Insurance) Sem V & VI (2026-27) NEP NEP 2020 syllabus, in force from 2026-27 Read full PDF Read
PDF BCom (Banking & Insurance) Sem V & VI Minor (2026-27) NEP NEP 2020 syllabus, in force from 2026-27 Read full PDF Read
PDF BBI V & VI 2018 2019 Earlier Choice Based syllabus, still set for ATKT candidates Read full PDF Read
PDF BBI III & IV 2017 18 Earlier Choice Based syllabus, still set for ATKT candidates Read full PDF Read
Report or request
Done!