Bachelor of Management Studies (B.M.S.) Innovative Financial Services Syllabus - Mumbai University
This is the TY BMS syllabus under NEP 2020, in force from the academic year 2026-27, examined under form 2225161. The University still sets the earlier Choice Based papers alongside it — forms 2M00155 and 2M00156, whose documents are below — so check which scheme your exam form names before you revise.
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Syllabus for Innovative Financial Services
Module I: Introduction to Traditional Financial Services
- Financial Services: Concept, Objectives/Functions, Characteristics, Financial Service Market, Financial Service Market Constituents, Growth of Financial Services in India, Problems in Financial Services Sector, Banking and Non-Banking Companies, Regulatory Framework
- Factoring and Forfaiting: Introduction, Types of Factoring, Theoretical Framework, Factoring Cost, Advantages and Disadvantages of Factoring, Factoring in India, Factoring v/s Forfaiting, Working of Forfaiting, Benefits and Drawbacks of Forfaiting, Practical Problems.
- New innovative financial services such as UPI, IMPS, Digital Wallets, CBDC (Central Bank Digital Currency, and AePS (Aadhar Enabled Payment System)
- Introduction to Green Finance products
Module II: Financial Services and its Mechanism
- Lease and Hire-Purchase: Meaning, Types of Lease - Finance Lease, Operating Lease, Advantages and Disadvantages of Leasing, Leasing in India, Legal Aspects of Leasing. • Definition of Hire Purchase, Hire Purchase and Installment Sale Characteristics, Hire Purchase and Leasing, Advantages of Hire Purchase, Problems of Hire Purchase.
- Housing Finance: Introduction, Housing Finance Industry, Housing Finance Policy Aspect, Sources of Funds, Market of Housing Finance, Housing Finance in India- Major Issues, Housing Finance in India – Growth Factors, Housing Finance Institutions in India, National Housing Bank (NHB), Fair Trade Practice Code for HFC’s
- Venture Capital: Introduction, Features of Venture Capital, Types of Venture Capital Financing Stages,, Venture Capital Investment process, Disinvestment mechanisms, Indian Scenario
- Introduction to Assets reconstruction companies need, structure and discussion on few leading assets reconstruction companies
Reference Books
- 1 IM Pandey, Financial Management, Vikas Publishing House Ltd.
- 2 Khan M.Y., Financial Services, Mc Graw Hill Education.
- 3 Dr.S.Gurusamy, Financial Services, Vijay Nicole Imprints.
- 4 Financial Market and Services, E, Gordon and K. Natrajan, Himalaya Publishing House
- 5 Financial Services – Gordon & Natarajan, Himalaya Publishing House
- 6 Financial Services and Systems – S. Gurusamy, Tata McGraw-Hill
- 7 Innovative Financial Services – H. R. Machiraju, McGraw-Hill
Reproduced from the University of Mumbai syllabus for Bachelor of Management Studies (B.M.S.) 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.