Welcome to the course “Banking and Finance Sector in India”! By the end of this course, you will develop an understanding of Banking and Financial systems in India.
Finance is the backbone of any economic system; it facilitates trade by ensuring the smooth exchange of goods and services. Firms and governments require capital to sustain growth and development. Globalization and growth in international trade between nations imply more cross-border movement of goods and services and, thereby, the need for cross-border currency transactions. The finance sector comprises banks and financial intermediaries that facilitate the channel of money and funds from those who have it (savers/investors) to those who need it (borrowers). The eco-system of the finance sector comprises banks, financial institutions, Central Banks (Monetary Policy), the Reserve Bank of India (in the case of India), the government treasury (Fiscal Policy), and the regulators of specific bodies and institutions collecting public money. Over the years, the finance sector in India has widened and deepened in scale, size, and complexity. The working and benefits of a strong eco-system of the finance sector are facilitated by a strong Central Bank and a robust institutional, policy, and regulatory architecture.
Overview
Syllabus
- Getting Started
- This module introduces you to the course and its syllabus. The course introductory video orients you to the skills and knowledge you will acquire through this course. The syllabus reading highlights the course values, assessments, grading scheme, and reading list that you must procure to acquire the concepts better.
- Money and Monetary Policy
- In this module, you will learn about the functions of money, the role of the central bank (RBI) in the economy, and the basics of monetary policy. You will also explore various monetary policy tools.
- Basic Idea of Public Finances
- In this module, you will learn about the distinction between public and private finances. You will also gain an insight into understanding how government budgets impact finances in an economy.
- Banking System in India
- In this module, you will learn about the basic structure of the banking system in India. You will learn about the types of banks in India and explore the types of accounts and deposits held with commercial banks in India. You gain insight into the banking sector ratios, types of bank assets, and initiatives to limit NPAs.
- Financial Markets
- In this module, you will learn about some basic concepts of the financial markets. You will discuss about the various instruments of the money market such as the market for short term funds, and the capital market like market for long term funds. You will also learn about various types of bonds and equities.
Taught by
Chavi Asrani
