Comprehensive Curriculum Structure
The Banking program at The Institute Of Chartered Financial Analysts Of India University Ranchi is structured to provide students with a comprehensive understanding of the financial sector through a carefully curated blend of foundational courses, specialized electives, and practical applications. The curriculum spans eight semesters and includes core subjects, departmental electives, science electives, and laboratory components designed to enhance technical skills and analytical capabilities.
| Semester | Course Code | Course Title | Credit Structure (L-T-P-C) | Pre-requisites |
|---|---|---|---|---|
| 1 | BK-101 | Introduction to Banking and Financial Services | 3-1-0-4 | - |
| 1 | BK-102 | Principles of Economics | 3-1-0-4 | - |
| 1 | BK-103 | Financial Accounting | 3-1-0-4 | - |
| 1 | BK-104 | Mathematics for Finance | 3-1-0-4 | - |
| 1 | BK-105 | Introduction to Financial Markets | 3-1-0-4 | - |
| 2 | BK-201 | Corporate Finance | 3-1-0-4 | BK-103, BK-104 |
| 2 | BK-202 | Banking Operations and Management | 3-1-0-4 | BK-101, BK-102 |
| 2 | BK-203 | Financial Markets and Instruments | 3-1-0-4 | BK-105 |
| 2 | BK-204 | Quantitative Methods in Finance | 3-1-0-4 | BK-104 |
| 2 | BK-205 | Introduction to Risk Management | 3-1-0-4 | BK-101, BK-102 |
| 3 | BK-301 | Advanced Financial Analysis | 3-1-0-4 | BK-201, BK-203 |
| 3 | BK-302 | International Banking and Finance | 3-1-0-4 | BK-202 |
| 3 | BK-303 | Risk Management and Financial Engineering | 3-1-0-4 | BK-204, BK-205 |
| 3 | BK-304 | Financial Econometrics | 3-1-0-4 | BK-204 |
| 3 | BK-305 | Banking Regulation and Supervision | 3-1-0-4 | BK-202, BK-205 |
| 4 | BK-401 | Financial Technology and Innovation | 3-1-0-4 | BK-303, BK-304 |
| 4 | BK-402 | Sustainable Finance and Green Banking | 3-1-0-4 | BK-301 |
| 4 | BK-403 | Islamic Banking and Finance | 3-1-0-4 | BK-202, BK-302 |
| 4 | BK-404 | Behavioral Finance and Financial Psychology | 3-1-0-4 | BK-205 |
| 4 | BK-405 | Financial Markets Analysis | 3-1-0-4 | BK-301, BK-303 |
| 5 | BK-501 | Advanced Risk Management | 3-1-0-4 | BK-303 |
| 5 | BK-502 | Financial Derivatives | 3-1-0-4 | BK-303, BK-304 |
| 5 | BK-503 | Corporate Governance and Ethics in Finance | 3-1-0-4 | BK-201, BK-301 |
| 5 | BK-504 | Quantitative Risk Analysis | 3-1-0-4 | BK-304 |
| 5 | BK-505 | Financial Modeling and Simulation | 3-1-0-4 | BK-204, BK-304 |
| 6 | BK-601 | Research Methodology in Finance | 3-1-0-4 | BK-505 |
| 6 | BK-602 | Advanced Financial Econometrics | 3-1-0-4 | BK-304, BK-504 |
| 6 | BK-603 | Financial Policy and Regulation | 3-1-0-4 | BK-305, BK-503 |
| 6 | BK-604 | Strategic Financial Management | 3-1-0-4 | BK-201, BK-301 |
| 6 | BK-605 | Special Topics in Banking and Finance | 3-1-0-4 | BK-503, BK-504 |
| 7 | BK-701 | Capstone Project I | 2-0-2-4 | BK-601, BK-602 |
| 7 | BK-702 | Industry Internship | 0-0-6-6 | BK-503, BK-504 |
| 8 | BK-801 | Capstone Project II | 2-0-2-4 | BK-701 |
| 8 | BK-802 | Final Year Thesis | 0-0-6-6 | BK-701, BK-702 |
Detailed Course Descriptions for Advanced Departmental Electives
The advanced departmental elective courses in the Banking program are designed to provide students with specialized knowledge and skills relevant to current industry trends and challenges. These courses emphasize both theoretical understanding and practical application, preparing students for leadership roles in the financial sector.
Financial Technology and Innovation (BK-401)
This course explores the integration of technology in financial services, focusing on digital banking solutions, blockchain applications, artificial intelligence, and machine learning in finance. Students will examine emerging technologies and their potential impact on traditional banking models, including regulatory challenges and ethical considerations.
The learning objectives include developing an understanding of fintech business models, analyzing technological innovations in payment systems, and designing solutions for financial inclusion using digital platforms. The course also covers the development of mobile applications and web-based tools for financial services.
Sustainable Finance and Green Banking (BK-402)
This course addresses the growing importance of environmental, social, and governance (ESG) factors in financial decision-making. Students will explore sustainable investment strategies, green bonds, carbon markets, and climate risk assessment.
The learning objectives encompass understanding ESG frameworks, analyzing sustainable finance products, evaluating climate risk models, and developing strategies for integrating sustainability into financial planning. The course also examines regulatory initiatives promoting sustainable finance and the role of financial institutions in supporting environmental goals.
Islamic Banking and Finance (BK-403)
This course provides a comprehensive overview of Islamic banking principles and practices, focusing on Sharia-compliant financial products and services. Students will study the ethical foundations of Islamic finance, learn about structured financing mechanisms such as Murabaha, Ijarah, and Sukuk, and examine how these concepts are applied in contemporary banking environments.
The learning objectives include understanding Islamic financial principles, analyzing Sharia-compliant investment products, evaluating risk management approaches in Islamic banking, and exploring the global expansion of Islamic finance. The course also addresses regulatory frameworks governing Islamic financial institutions and cross-cultural considerations in international banking.
Behavioral Finance and Financial Psychology (BK-404)
This course examines how cognitive biases and emotional factors influence financial decision-making processes. Students will explore the psychological underpinnings of market behavior, learning to apply behavioral insights to improve financial forecasting and investment strategies.
The learning objectives include identifying common cognitive biases in financial contexts, understanding the impact of emotions on investment decisions, analyzing behavioral models in financial markets, and applying behavioral finance concepts to portfolio management. The course also covers experimental methods for studying decision-making processes and designing interventions to mitigate bias effects.
Financial Markets Analysis (BK-405)
This course provides an in-depth analysis of various financial markets, including equity, debt, foreign exchange, and derivatives markets. Students will examine market efficiency theories, risk-return relationships, and the impact of macroeconomic factors on market performance.
The learning objectives include analyzing market structures and participants, evaluating pricing models for financial instruments, understanding regulatory frameworks affecting market operations, and applying quantitative methods to assess market trends and risks. The course also covers market microstructure concepts and their implications for trading strategies.
Advanced Risk Management (BK-501)
This course builds upon foundational risk management principles, focusing on advanced methodologies for assessing and managing financial risks. Students will explore value-at-risk (VaR), credit risk models, market risk analysis, and derivatives pricing.
The learning objectives include mastering advanced quantitative risk assessment techniques, understanding regulatory requirements for risk management, developing expertise in credit risk modeling, and applying risk management frameworks to real-world scenarios. The course also covers stress testing methodologies and scenario analysis approaches for financial institutions.
Financial Derivatives (BK-502)
This course provides comprehensive coverage of derivatives markets, including options, futures, swaps, and other financial instruments used for hedging and speculation. Students will learn about pricing models, risk management strategies, and regulatory considerations in derivative trading.
The learning objectives include understanding the mechanics of various derivatives, applying pricing models to evaluate derivatives instruments, analyzing hedging strategies using derivatives, and examining regulatory frameworks governing derivatives markets. The course also covers exotic derivatives and their applications in financial engineering.
Corporate Governance and Ethics in Finance (BK-503)
This course examines the role of corporate governance in financial decision-making and ethical considerations in financial services. Students will study governance structures, accountability mechanisms, and ethical frameworks for financial institutions.
The learning objectives include understanding corporate governance principles and their application in financial contexts, analyzing ethical dilemmas in financial practice, evaluating regulatory compliance frameworks, and developing leadership skills for promoting ethical conduct in financial organizations. The course also covers international governance standards and their impact on global financial markets.
Quantitative Risk Analysis (BK-504)
This course focuses on the application of quantitative methods to risk analysis in financial contexts. Students will learn advanced statistical techniques, Monte Carlo simulations, and data-driven approaches for measuring and managing financial risks.
The learning objectives include mastering statistical modeling for risk assessment, applying simulation techniques to analyze risk scenarios, understanding regulatory reporting requirements for risk metrics, and developing expertise in data analytics for financial risk management. The course also covers machine learning applications in risk analysis and real-time risk monitoring systems.
Financial Modeling and Simulation (BK-505)
This course provides hands-on experience with financial modeling techniques and simulation methods used in banking and investment analysis. Students will develop skills in building financial models, conducting scenario analysis, and using software tools for financial forecasting.
The learning objectives include designing and implementing financial models, applying simulation methods to evaluate risk and return scenarios, understanding model validation techniques, and using advanced software for financial analysis. The course also covers data visualization methods and reporting practices in financial modeling.
Project-Based Learning Philosophy
The department's philosophy on project-based learning is centered on the principle that students learn most effectively when they apply theoretical knowledge to real-world problems. This approach fosters critical thinking, problem-solving skills, and professional competence through hands-on experiences that mirror industry practices.
Mini-projects are introduced in the second year, allowing students to explore specific aspects of banking operations or financial markets. These projects typically involve data analysis, case studies, and small-scale research initiatives that build upon classroom learning. Students work individually or in teams to complete these assignments, receiving guidance from faculty mentors throughout the process.
The final-year capstone project represents the culmination of the student's academic journey, requiring them to conduct an in-depth study on a relevant topic in banking and finance. This project involves extensive research, data collection, analysis, and presentation of findings to a panel of faculty members and industry experts.
Students select their projects based on personal interests, career aspirations, and available faculty expertise. The selection process includes consultations with academic advisors who help students identify appropriate topics and ensure alignment with program learning outcomes. Faculty mentors are assigned based on project relevance and mentorship availability.
The evaluation criteria for both mini-projects and the capstone project emphasize originality of thought, depth of analysis, quality of presentation, and adherence to academic standards. Students are assessed on their ability to integrate knowledge from multiple disciplines, apply appropriate methodologies, and communicate findings effectively to diverse audiences.