B.Com. (Banking and Insurance) International Banking and Finance 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.
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Syllabus for International Banking and Finance
Module I: Introduction to International Banking
- Unit 1: Evolution and Growth of International Banking
- Meaning and Scope of International Banking – Concepts, role and importance in global finance.
- Historical Development – Growth from traditional banking to global banking networks.
- Types of International Banks – Global banks, offshore banks, merchant banks, correspondent banks.
- International Banking Services – Syndicated loans, Eurocurrency operations, global account management.
- Unit 2: International Financial System
- Global Financial Architecture – Structure, components, and functions.
- International Financial Institutions (IFIs) – IMF, World Bank, BIS: roles and relevance.
- Global Capital Flows – FDI, FPI, remittances, and their impact on economies.
- International Money Markets – Euro-dollar market, Eurobond market, global interest rate trends.
Module II: Foreign Exchange & Currency Markets
- Unit 3: Foreign Exchange Markets
- Nature and Structure of Forex Market – Spot, forward, futures, and options markets.
- Exchange Rate Determination – Demand-supply forces, interest rate parity, inflation effects.
- Forex Trading and Participants – Banks, brokers, central banks, corporates.
- SWIFT and International Payment Systems – Procedures and security protocols.
- Unit 4: Foreign Exchange Risk Management
- Types of Forex Risks – Transaction, translation, and economic risk.
- Hedging Techniques – Forward contracts, options, futures, currency swaps.
- Risk Measurement Tools – VaR, exposure analysis, sensitivity analysis.
- Role of Banks in Risk Management – Advisory services, hedging products.
Module III: International Trade Financing
- Unit 5: Trade Finance Instruments Documentary Credit (LCs) – Types, process, parties, UCP guidelines. Bills of Exchange – Documentary bills, acceptance, discounting. Bank Guarantees – Types, uses, and risks involved. Factoring & Forfaiting – Concepts, benefits, comparison.
- Unit 6: Export-Import Procedures and Financing Export Finance – Pre-shipment and post-shipment finance. Import Financing – Short-term and long-term financing options. EXIM Policy – Overview of India’s foreign trade policy. Role of EXIM Bank & ECGC – Financing support and credit risk protection.
Module IV: International Banking Operations & Regulation
- Unit 7: International Banking Operations
- Correspondent Banking – Functions and significance in global transactions.
- Cross-Border Banking Services – Remittances, NRI accounts, offshore banking centers.
- Syndicated Lending – Structure, process, and risk sharing.
- International Investment Banking – Underwriting, M&A advisory, global capital raising.
- Unit 8: Regulatory Framework and Compliance
- Basel Norms (I, II, III & IV) – Capital adequacy, liquidity, risk weighting.
- Anti-Money Laundering (AML) & KYC Norms – FATF guidelines and compliance.
- International Banking Regulations – Home-host regulation, cross-border supervision.
- Challenges in International Banking – Geopolitical risks, sanctions, compliance costs.
Reference Books
- 1 International Banking – Dr. Francis Cherunilam
- 2 International Financial Management – P.G. Apte
- 3 International Finance – Dr. V.A. Avadhani
- 4 Foreign Exchange & Risk Management – C. Jeevanandam
- 5 International Economics – Paul Krugman & Maurice Obstfeld
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.