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Use this BBI syllabus page to open FYBBI, SYBBI, TYBBI and the fourth year, then a semester, then a subject to read its modules in full.

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Every semester of the degree under NEP 2020, Semester I to Semester VIII, cut into one page per subject, plus the University circulars they were cut from.

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B.Com. (Banking and Insurance) Central Banking and Monetary Management 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 Central Banking and Monetary Management

Major · Semester 6 · TY BBI · 4 credits · 100 marks

Module I: Introduction to Central Banking

Unit 1: Evolution and Functions of Central Banks
Origin of Central Banking: Historical development of central banks globally and in India.
Primary Functions: Issuing currency, lender of last resort, banker to the government, managing foreign exchange reserves.
Secondary Functions: Developmental and promotional roles in banking sector.
Central Bank Independence: Importance of autonomy in policy-making.
Unit 2: Structure and Organization of Central Banks
Organizational Hierarchy: Governing body, board of directors, key departments.
Role of Central Bank Governor: Powers, responsibilities, and decision-making authority.
Relationship with Government: Coordination in policy formulation and implementation.
International Comparisons: Differences between RBI, Federal Reserve, Bank of England, etc.

Module II: Monetary Policy and Instruments

Unit 3: Objectives of Monetary Policy Primary Goals: Price stability, economic growth, employment generation. Secondary Goals: Balance of payments, financial stability, credit allocation. Types of Monetary Policy: Expansionary, contractionary, neutral. Policy Formulation: Role of central bank in planning and implementing policy.
Unit 4: Instruments of Monetary Policy
Quantitative Tools: Cash reserve ratio, statutory liquidity ratio, repo and reverse repo rates.
Qualitative/Selective Tools: Credit rationing, margin requirements, sector-specific credit policies.
Open Market Operations: Buying/selling government securities to regulate liquidity.
Monetary Policy Committee: Role, composition, and functioning in India.

Module III: Regulation and Supervision of Banks

Unit 5: Regulatory Functions of Central Bank Licensing of Banks: Procedures, criteria, and objectives. Prudential Norms: Capital adequacy, asset classification, and provisioning. Control of Non-Banking Financial Companies: Oversight and monitoring. Compliance and Reporting: Role of central bank in ensuring transparency.
Unit 6: Supervision of Commercial Banks On-site Inspection: Monitoring liquidity, solvency, and operational performance. Off-site Surveillance: Use of data, returns, and reports for early warning. Corrective Measures: Directions, penalties, and restructuring support. Financial Stability Role: Preventing bank failures and systemic risk.

Module IV: Contemporary Issues in Central Banking

Unit 7: Central Banking and Financial Stability Crisis Management: Role during banking and financial crises. Inflation Targeting: Techniques and challenges in India. Liquidity Management: Balancing credit growth and inflation control. Globalization Impact: Influence of international financial markets on domestic policy.
Unit 8: Technological and Emerging Trends
Digital Currency and Central Bank Digital Currency (CBDC): Concepts and implications.
Fintech and Payment Systems: Regulation by central banks.
Sustainable Finance: Green banking and central bank initiatives.
Future Challenges: Cybersecurity, policy coordination, and global shocks.

Reference Books

1 Reserve Bank of India – Functions and Working of RBI
2 Frederic S. Mishkin – The Economics of Money, Banking and Financial Markets
3 R. R. Paul – Central Banking and Monetary Policy in India
4 L. C. Gupta – Monetary Economics
5 K. P. M. Sundaram – Banking Theory and Practice

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

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