Bachelor of Management Studies (B.M.S.) Financial Markets and Institution 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 Financial Markets and Institution
Module I: Financial System in India
- Financial System Theoretical Settings – Meaning, Importance, Functions of financial system. Role of government in Financial development , Phases of Indian financial system since independence ( State Domination – 1947-1990, Financial sector reforms 1991 till Financial sector Legislative Reforms Commission 2013) ( Only an Overview), Monitoring Framework for financial Conglomerates,
- Structure of Indian financial system – Financial Institutions ( Banking & NonBanking ), Financial Markets ( Organized and Unorganized), Financial Assets/Instruments, Financial Services( Fund based & Free Based) –(Overview)
- Microfinance - Conceptual Framework – Origin, Definitions, Advantages, Barriers, Microfinance Models in India
Module II: Financial Regulators & Institutions in India (detail discussion on their role and functions)
- Financial Regulators – Ministry of Finance, RBI- Role of RBI in the financial sector, global crisis and RBI, Covid-19 and RBI policies, Ministry of Corporate Affairs, SEBI, Pension Fund Regulatory and Development Authority, IRDA.
- Financial Institutions- Role, Classification, Role of Commercial banks, IFCI, Universal Banks, Payment Banks, Small Finance Banks, Other Financial Institutions in India (LIC, GIC), NBFC, Services provided by NBFC.
- Specialized Financial Institutions – EXIM, NABARD, SIDBI, SIDC, SME Rating agency of India Ltd (SMERA), IIFCL (Their role, functions and area of concerns)
Module III: Financial Markets ( In Details)
- Indian Money Market – Meaning, Features, Functions, Importance, Participants, Components ( Organized and Unorganized) ( in detail) and Reforms
- Indian Capital Market - Meaning, Features, Functions, Importance, Participants, Instruments, Reforms in Primary and Secondary Market, Stock Indices, NSE, BSE, ADR and GDR
- Importance of Insurance and Mutual fund companies in financial system
Module IV: Managing Financial Systems Design
- Issues in Financial System – NPA in Baking, Banking frauds, Compliance and management issues in NBFCs, Stock market frauds (Discussion on prominent cases)
- Emerging trends in financial technology and transformation of financial services (Discussion and example of use cases)
Reference Books
- M. Bhole, Financial Institutions and Markets, TATA McGraw Hill
- V. A. Avadhani, Marketing of Financial Services, Himalaya Publishers, Mumbai
- Vasant Desai, Indian Financial Systems, Himalaya Publishers
- Gordon and Natarajan, Financial Services, Himalaya Publishers
- Meir Khan, Financial Institutions and Markets, Oxford Press
- Financial Markets and Institutions-Dr. S. Gurusamy,Tata McGraw Hill.
- The Indian Financial System-Dr. Bharti Pathak, Pearson.
- Indian Financial System-M.Y.Khan, Mc.Graw Hill
- Machiraju, H.R., Indian Financial System, Vikas Publications
- Financial Institutions and Markets – L. M. Bhole & Jitendra Mahakud, McGraw- Hill
- Financial Markets and Institutions – Frederic S. Mishkin & Stanley G. Eakins, Pearson
- Financial Services – Gordon & Natarajan, Himalaya Publishing House
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.