Essentials of financial services.

Cover Contents Chapter 1 Financial Services—An Overview Financial Services—Concept Financial Services—Objectives/Functions Financial Services—Characteristics Financial Services Market—Concept Financial Services Market—Constituents Growth of Financial Services in India Financial Services Sector—Problems Review Questions Chapter 2 Financial Services Environment The Forces Players in Financial Markets Interest Rate Determination Macroeconomic Aggregates in India Review Questions Chapter 3 Merchant Banking Definition Functions Merchant Bankers’ Code of Conduct Reveiw Questions Chapter 4 Public Issue Management Concept Functions Categories of Securities Issue Mechanics of Public Issue Management Issue Manager Role of Issue Manager Activities involved in Public Issue Management Marketing of Issue Public Issue Proposal—Factors Pricing of Issues Law Relating to Issue Management Review Questions Chapter 5 New Issues Market (NIM) NIM and Secondary Markets—An Interface Services of NIM NIM Vs. Secondary Market Methods of Marketing Securities Review Questions Chapter 6 Underwriting of Securities Definition Types Underwriter Underwriting Agreement Benefits/Functions Mechanics of Underwriting Indian Scenario Underwriting Agencies Obstacles SEBI Guidelines Variants of Underwriting Review Questions Chapter 7 Capital Market Definition Money Market Characteristics Functions Indian Capital Market—Evolution and Growth Constituents of Indian Capital Market New Financial Institutions New Financial Instruments Measures of Reactivation Measures of Investor Protection Recent Initiatives in the Indian Capital Market Rebound in Indian Capital Market Review Questions Chapter 8 Stock Exchange History of Stock Exchanges Meaning Definition Functions/Services/Features/Role Stock Exchange and Commodity Exchange Distinguished Stock Exchange Traders Weaknesses Regulation of Stock Exchanges Steps in Stock Trading Mechanics of Settlement Depository Stock Trading System Specialists Recent Developments Review Questions Chapter 9 SEBI—Functions and Working Genesis Features of the SEBI Bill Objectives Management Powers and Functions Regulatory Role Role and Relevance Global Outlook Review Questions Chapter 10 Leasing Definition Characteristics of Lease Types of Lease Financial Lease Vs. Operating Lease Test for Financial Lease Myths About Leasing Participants Leasing Process Services of Lessor Advantages of Leasing Limitations of Lease Financing Review Questions Chapter 11 Accounting for Lease Lease Accounting and Reporting for Financial Lease—Books of the Lessor Accounting and Reporting for Financial Lease—Books of the Lessee Accounting and Reporting for Operating Lease—Books of the Lessor Review Questions Chapter 12 Hire Purchase Definition Rights of Hirer Rate of Interest Lease Financing Vs. Hire Purchase Financing Accounting for Hire Purchase Methods of Interest Calculation Method of Reporting Lease Vs. Hire Purchase Evaluation Review Questions Chapter 13 Factoring Meaning Definition Mechanism Characteristics Factoring and Off-balance Sheet Financing Types of Factoring Advantages of Factoring Disadvantages of Factoring Factoring—Players Functions of a Factor Factoring Cost Line of Credit—Methods Factoring Vs. Bills Discounting RBI Guidelines for Factoring Factoring—Indian Scenario Major Factoring Firms Operational Profile of Indian Factoring Operational Problems in Indian Factoring Review Questions Chapter 14 Consumer Finance Definition Types Mechanics of Consumer Financing Sources of Consumer Finance Modes of Consumer Finance Demand for Consumer Finance—Factors Consumer Financing—Practice in India Pricing of Consumer Finance Marketing Consumer Finance Consumer Finance Insurance Consumer Credit Scoring Case for Consumer Finance Case Against Consumer Finance Boom in Consumer Financing Hire Purchase System (HPS) Instalment Credit System (ICS) Review Questions Chapter 15 Venture Capital Meaning Definition Rationale Features Methods of Evaluation Origin and Growth of Venture Capital Venture Capital and Other Funds Stages of Venture Capital Financing Analyzing Venture Capital Proposals—Criteria Buy-outs Financial Sources Investment Nurturing Styles of Venture Financing Nurturing Methods Compensation Forms of Organization Exit Mechanism Review Questions Chapter 16 Mutual Funds Definition Products/Schemes Mechanics of Mutual Funds Operations Mutual Funds in India Managing Mutual Funds in India SEBI Requirements of AMC Functions of AMC Working Mechanism of AMC Portfolio Management Process in Mutual Funds Operational Efficiency of Mutual Funds Evaluating Mutual Funds Mutual Fund Holders’ Account Causes for Poor Performance of Mutual Funds Review Questions Chapter 17 Credit Rating Impetus Origin Definition Features Advantages Credit Rating System—Growth Factors Global Credit Rating Agencies Domestic Credit Rating Agencies Credit Rating Symbols CRISIL Ratings for Short-term Instruments Credit Rating Process Rating Framework—Major Factors Equity Grading Review Questions Chapter 18 Insurance—An Overview Definition Basic Principles of Insurance Reinsurance Life Insurance General Insurance Types Concept of Insurance Services Profile of Insurance Service Providers Health Insurance Motor Insurance Rural Insurance Annuity Review Questions Chapter 19 Insurance—Regulatory Framework The Insurance Act Insurance Regulatory and Development Authority (IRDA) Insurance Advisory Committee Power to Make Regulations Major Amendments to Insurance Act Insurance Agents, Intermediaries and Surveyors Review Questions Chapter 20 Pension Plan Concept of Pension Pension Fund Pension System Objectives/Features of Pension Fund Types of Pension Fund Other Categories Cash Balance Pension Fund Functions/Benefits of Pension Fund Pension Fund of Growth-factors Pension Fund Vs. Mutual Fund Chilean Model Pension Investment Policy Pension Structure Pension Risks Social Security Pension Financing Projecting Pensions Review Questions Model Question Papers Index