Calicut University • B.Com • Semester 5
Fundamentals of Banking and Insurance (COM5EJ303) — Official Syllabus & Course Structure
Four-Year Undergraduate Programme (FYUGP) • Curriculum Framework
Course Details & Academic MatrixMAJOR ELECTIVE COURSE
Course Code:COM5EJ303 (2)
Course Title:Fundamentals of Banking and Insurance
Type of Course:Major (Elective)
Semester:Semester V
Academic Level:300 – 399
Credits:4 Credits
Lecture per Week:4 Hours
Total Course Hours:60 Hours
Pre-requisites: A foundational understanding of financial concepts such as savings, investments, interest rates etc. is helpful.
Course Summary: A course on the fundamentals of banking and insurance provides an overview of the key principles, practices, and regulations governing banking and insurance sectors.
Course Outcomes (CO)
| CO | Course Outcome Statement | Cognitive Level* | Knowledge Category# | Evaluation Tools |
|---|---|---|---|---|
| CO1 | Develop comprehensive understanding of the financial services industry, including the roles of banks and insurance. | U (Understand) | C (Conceptual) | Instructor-created exams / Quiz / Assignment |
| CO2 | Analyse the core functions and operations of commercial banks, including deposit mobilization and lending. | An (Analyse) | C (Conceptual) | Examinations, Assignment |
| CO3 | Analyse the regulatory environment governing banking and insurance sectors. | An (Analyse) | C (Conceptual) | Seminar, Assignment, Examinations |
| CO4 | Evaluate the role of technology in modern banking operations. | E (Evaluate) | P (Procedural) | Assignment |
| CO5 | Interpret the concepts and classification of risks and annotate on the principles and terms of insurance. | An (Analyse) | C (Conceptual) | Instructor-created exams, Assignment |
| CO6 | Analyse the regulatory system for insurance sector in India. | U (Understand) | C (Conceptual) | Project |
* Cognitive Levels: Remember (R), Understand (U), Apply (Ap), Analyse (An), Evaluate (E), Create (C)
# Knowledge Categories: Factual Knowledge (F), Conceptual Knowledge (C), Procedural Knowledge (P), Metacognitive Knowledge (M)
Detailed Modular Syllabus
| Module | Unit | Curricular Content & Core Concepts | Hours |
|---|---|---|---|
| Module I | — | Introduction to Banking | 12 |
| I | 1 | Meaning and definition - Origin and development of banking | 2 |
| I | 2 | Structure of banking in India - Functions of commercial banks (conventional and innovative functions) | 3 |
| I | 3 | Central bank - RBI – Functions | 2 |
| I | 4 | Banks and economic development, Emerging trends in banking | 2 |
| I | 5 | Negotiable Instruments: Definition - Characteristics - Types - Parties to negotiable instruments - Cheques - Types of cheques - Crossing of cheques - Drafts - Cheque vs. Draft | 3 |
| Module II | — | E-Banking | 12 |
| II | 6 | Centralized online real time electronic banking (CORE) | 2 |
| II | 7 | Electronic payments - Electronic Clearing service (ECS) - Electronic Fund Transfer - Real Time Gross settlement (RTGS) – National Electronic Fund transfer (NEFT) - Society for Worldwide Interbank Financial Telecommunication (SWIFT) | 3 |
| II | 8 | E-cheque - Any Time Money - ATMs - Credit card - Debit card - smart card | 3 |
| II | 9 | Internet banking – Mobile banking - Tele-banking | 2 |
| II | 10 | Financial inclusion - Recent initiatives in financial inclusion | 2 |
| Module III | — | Fundamentals of Insurance | 12 |
| III | 11 | Concept - Need for Insurance - Insurance as a social security tool - Insurance and economic development | 3 |
| III | 12 | Principles of Insurance | 4 |
| III | 13 | Classification of Insurance - Life and General insurance (fire, marine, medical, personal accident, property and motor vehicle insurance) – Features - Life insurance Vs. General insurance | 5 |
| Module IV | — | Regulatory Framework | 12 |
| IV | 14 | Law relating to life insurance - General principles of life insurance contract | 3 |
| IV | 15 | Proposal and policy – Assignment and nomination - title and claims | 3 |
| IV | 16 | General insurance - Law relating to general Insurance | 3 |
| IV | 17 | IRDA - Powers and functions - Insurance business in India | 3 |
| Module V | — | Open-Ended Module: Practical Applications & Case Studies | 12 |
| V | — | This open-ended module is designed to allow students to explore various dynamics within the banking and insurance sectors. Suggested Topics:
Suggested Practical Exercises:
| 12 |
Recommended Textbooks & References
- Maheshwari, S.N: Banking Law and Practice.
- Shekar, K.C: Banking Theory Law and Practice.
- B.S Khubchandani: Practice and Law of Banking, Macmillan India Ltd, 2000.
- Bedi, H.L & Hardikar, V.K: Practical Banking.
- K.C Nanda: Credit and Banking, Response Book, Sage Publications, 1999.
- Pannandikar & Mithami: Banking in India.
- Kenneth Black Jr., Harold D. Skipper Jr.: Life and Health Insurance, Pearson Education.
- P.S. Palande, R.S. Shah, M.L. Lunawat: Insurance in India, Response Books.
- D.C. Srinivasan, Shashank Srivastava: Indian Insurance Industry, New Century Publications.
COM5EJ303Fundamentals of Banking and Insurance
Download Official Syllabus Notes (PDF)
Calicut University • FYUGP 2024 Syllabus
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