Introduction to Banking and Financial Markets - I

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10/10 stars
based on  31 reviews
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Course Details

Cost

FREE

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  • TBA

Course Provider

edX online courses
Harvard University, the Massachusetts Institute of Technology, and the University of California, Berkeley, are just some of the schools that you have at your fingertips with edX. Through massive open online courses (MOOCs) from the world's best universities, you can develop your knowledge in literature, math, history, food and nutrition, and more. These online classes are taught by highly-regarded experts in the field. If you take a class on computer science through Harvard, you may be tau...
Harvard University, the Massachusetts Institute of Technology, and the University of California, Berkeley, are just some of the schools that you have at your fingertips with edX. Through massive open online courses (MOOCs) from the world's best universities, you can develop your knowledge in literature, math, history, food and nutrition, and more. These online classes are taught by highly-regarded experts in the field. If you take a class on computer science through Harvard, you may be taught by David J. Malan, a senior lecturer on computer science at Harvard University for the School of Engineering and Applied Sciences. But there's not just one professor - you have access to the entire teaching staff, allowing you to receive feedback on assignments straight from the experts. Pursue a Verified Certificate to document your achievements and use your coursework for job and school applications, promotions, and more. EdX also works with top universities to conduct research, allowing them to learn more about learning. Using their findings, edX is able to provide students with the best and most effective courses, constantly enhancing the student experience.

Provider Subject Specialization
Sciences & Technology
Business & Management
22042 reviews

Course Description

Banking and financial markets encompass the ‘ecosystem’ that (a) channelizes money from those who have it (i.e., savers/investors) to those who need it (i.e., borrowers) and (b) facilitate cross-border flow of funds through exchange of currencies. That ecosystem of banks and financial markets (including Central Banks) has deepened in size, sophistication and complexity over the years. However, in recent times they have also been the subject of abuse, failures and economic distress in several countries resulting in a ‘contagion’ that has concurrently impacted several countries around the World! 

More recently, and perhaps more importantly, thanks to the liberalization of most economies, the world has witnessed an exponential increase in the free flow of capital across countries. Banking institutions and financial markets, being the predominant conduit for such free flow of capital across countries, have therefore become e...

Banking and financial markets encompass the ‘ecosystem’ that (a) channelizes money from those who have it (i.e., savers/investors) to those who need it (i.e., borrowers) and (b) facilitate cross-border flow of funds through exchange of currencies. That ecosystem of banks and financial markets (including Central Banks) has deepened in size, sophistication and complexity over the years. However, in recent times they have also been the subject of abuse, failures and economic distress in several countries resulting in a ‘contagion’ that has concurrently impacted several countries around the World! 

More recently, and perhaps more importantly, thanks to the liberalization of most economies, the world has witnessed an exponential increase in the free flow of capital across countries. Banking institutions and financial markets, being the predominant conduit for such free flow of capital across countries, have therefore become even more ‘globally interconnected’. Such a globally interconnected financial system, combined with regulatory systems that are country-specific and hence varying considerably in rigor and implementation, has further compounded the risks and the consequent contagion, as witnessed in the global financial meltdown that was triggered in 2008.

This course titled “Introduction to Banking and Financial Markets” will be delivered in two parts. The first part will help you demystify the role of banking and financial markets in any country, the products and services they offer and the underlying market mechanisms.

The second part of the course will examine the risks embedded in banking and financial markets, how these risks have been heightened because of a globally interconnected world and the regulatory and governance mechanisms to minimize adverse outcomes in such a complex system.

Reviews 10/10 stars
31 Reviews for Introduction to Banking and Financial Markets - I

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Student

10/10 stars
2 years, 9 months ago
I found this course to be very well designed and the gamut of topics covered to be a great refresher! I have a PhD in Finance from Syracuse University, New York and was also an Assistant Professor of Finance at Hofstra University, New York. I have taught these courses to my undergrad and Executive MBA classes. I have also worked in Wall Street banks in the area of Risk Management. Prof Narayanan's lectures were very clear - I like the way he decomposed complex topics into their simple building blocks. The only drawback for me is time constraint. I audited this course just to review content. Unfortunately, I have been unable to complete the course. It would be great if courses such as these were held over a longer period of time for people like me. I hope that Prof Narayanan will continue doing similar timely courses such as the Basle regulations. Would also appreciate an Indian bent to the subjects. Kind regards Dr... I found this course to be very well designed and the gamut of topics covered to be a great refresher! I have a PhD in Finance from Syracuse University, New York and was also an Assistant Professor of Finance at Hofstra University, New York. I have taught these courses to my undergrad and Executive MBA classes. I have also worked in Wall Street banks in the area of Risk Management. Prof Narayanan's lectures were very clear - I like the way he decomposed complex topics into their simple building blocks. The only drawback for me is time constraint. I audited this course just to review content. Unfortunately, I have been unable to complete the course. It would be great if courses such as these were held over a longer period of time for people like me. I hope that Prof Narayanan will continue doing similar timely courses such as the Basle regulations. Would also appreciate an Indian bent to the subjects. Kind regards Dr Jayanthi Sankaran
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Saira Anwar profile image
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Saira Anwar

10/10 starsCompleted
2 years, 9 months ago
Hi..Thanks to Prof.Narayan ,Ms Divya and entire team of IIMBX for putting the course contents together in a manner that was easy for new comers as well to grasp the knowledge about Banking and Financial Markets.I really got a much understanding about the topics covered. Explanations , video and the course material was all well designed .Timely response from faculty and team on discussion board about the subjects is also highly appreciated. In terms of improvement, from my personal experience , I would say, when providing solutions for the graded assignments numerical problems,please show an explanation about, how did you reach to that answer, so students can understand , where did they make the mistake in their methodology. Thanks
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Student

10/10 starsCompleted
2 years, 9 months ago
The content was v.good and delivery of the material was done quite clearly by Prof.Narayan. All in all it was a great online learning experience,the first for me. Only the voice could be slightly more audible.Apart from this the slides and spreadsheets presented should be in a format that can be downloaded to enable more clear viewing. Reg. further improvement I feel the topic on Derivatives could also cover other Types especially those traded in stock markets.. Wish to thank Prof.P.C.Narayan and the whole team as this course has enabled me to gain a lot of valuable insight into Financial Markets in a short time.
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Kingsley Gyimah profile image
Kingsley Gyimah profile image

Kingsley Gyimah

10/10 starsCompleted
2 years, 9 months ago
Everything about this course was on point. I enjoyed watching the videos and reading the materials that were provided. I am highly satisfied because my expectations were met. I have gained a broader understanding of banking and finance with much emphasis on the financial market, its principles and mechanisms. On the other hand I think the discussion board was not fully utilized to enrich our experience. I posted a question and I never got a feedback. Also I followed some of the questions that were posted and quite a few of them were left unanswered. I suggest that going forward the moderator and instructor will try and answer every question to our satisfaction. Thank you for a wonderful lecture. God bless you all
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Abir Ghosh profile image
Abir Ghosh profile image

Abir Ghosh

10/10 starsCompleted
2 years, 9 months ago
The course content was wonderful to cover each & every related topics with due importance. The topics were dealt in the most lucid way to bring home the moot issue with ease. One of the best MOOCs I have ever attended. I also feel proud to successfully complete the Verified certificate program within the stipulated time. Looking forward to another great experience in the sequel destined to be released in Aug 2016.
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Greg Mansfield profile image
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Greg Mansfield

10/10 starsCompleted
2 years, 9 months ago
The course was well designed and guided you through each section, creating the perfect balance between information and explanation. The instructor was helpful and answered many questions thoroughly to provide greater understanding of the topic you may have been stuck on.
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Abraham J profile image
Abraham J profile image

Abraham J

10/10 starsCompleted
2 years, 9 months ago
Thank you for the fabulous course content and support by the Faculty (Prof P C Narayan) and the entire IIMB team. Excellent support all through the course was the hallmark of this course !
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Santanu Roy profile image
Santanu Roy profile image

Santanu Roy

10/10 starsCompleted
2 years, 9 months ago
It was a wonderful journey to learn a totally new field in the true spirit of learning of IIMB. However,on the basis of completing many courses in EdX esp. from leading institutesn like Harvard and MIT, would like India's pride IIMB to be more student friendly in terms of providing the following which are of immense help esp for working professionals who have to really struggle hard to allot time to learn : 1) For practice and Quiz including Final Exam the logic for correct answer need to be explained. The whole purpose is learning - not only scoring marks. 2) The notes need to be in printable pdf - this helps offline learning 3) The slides shown in videos need to be in downloadable pdf - this helps offline learning 4) The response of Coordinator is surely not up to the mark.. the responses are delayed / never given / avoided - possibly the strength to be at least doubled 5) The system of not allowing discussion on the Quiz in Discu... It was a wonderful journey to learn a totally new field in the true spirit of learning of IIMB. However,on the basis of completing many courses in EdX esp. from leading institutesn like Harvard and MIT, would like India's pride IIMB to be more student friendly in terms of providing the following which are of immense help esp for working professionals who have to really struggle hard to allot time to learn : 1) For practice and Quiz including Final Exam the logic for correct answer need to be explained. The whole purpose is learning - not only scoring marks. 2) The notes need to be in printable pdf - this helps offline learning 3) The slides shown in videos need to be in downloadable pdf - this helps offline learning 4) The response of Coordinator is surely not up to the mark.. the responses are delayed / never given / avoided - possibly the strength to be at least doubled 5) The system of not allowing discussion on the Quiz in Discussion Forum is intriguing -- all EdX courses encourage fellow learners to help each other with very clear directives of not divulging answers -- we need to encourage learning and not be bogged down with scoring marks I have great respect for the prof and IIMB . trust my suggestions would be taken in the right spirit. Iwould love to see IIMB be regarded in the same breadtha s Wharton etc.
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Suyash Agarwal profile image
Suyash Agarwal profile image

Suyash Agarwal

10/10 starsCompleted
2 years, 9 months ago
It was a really sumptuous experience. It was organized in a perspicuous manner and provided profound knowledge about banking and finance. I am really thankful to Prof. P.C Narayan.
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Ritu Choudhary profile image
Ritu Choudhary profile image

Ritu Choudhary

10/10 starsCompleted
2 years, 9 months ago
This Course was amazing. I studied this subject in college, though, but the manner things taught here were way better than in the college. Instructor had incredible knowledge of this subject and he transferred that knowledge to us very well. I really want to thank a lot-the course instructor, coordinator and the whole team-they have all together done a superb job!!
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Prem Masur profile image
Prem Masur profile image

Prem Masur

10/10 starsCompleted
3 years ago
A good course to understand basics of finance,I m a student of Computer Science engg & I found this good to understand & prof is really good
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Babu Raja Bajracharya bajrababu@gmail.com profile image
Babu Raja Bajracharya bajrababu@gmail.com profile image

Babu Raja Bajracharya bajrababu@gmail.com

10/10 starsCompleted
3 years ago
This course has helped me to enchance my knowledge in the field of banking and financial market. the videos and explanations are very simple. This course shall be helpful for people who want to build knowledge on banking and financial market. I am extremely waiting for Banking and Financial Part II. I want to thank Prof. PC Narayanan, edX and IIMBX for bringing this course.
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student

10/10 starsCompleted
3 years ago
A great introduction with wonderful examples. Tough topics are explained in a simple way. A must course for all who are in finance or banking field either directly or indirectly. I am waiting for Part 2
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Swami Singh profile image
Swami Singh profile image

Swami Singh

8/10 starsCompleted
3 years ago
The course exceeded all my expectations. Although i do not have a finance background but I found no difficulty in following the course. Credit for this exclusively goes to Dr Narayan. What a wonderful service edX is providing!!
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student

10/10 starsCompleted
3 years ago
Good for finance professionals that are not experienced on accounting and finance (computer science specialists for example)
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Pawan Choudhary profile image
Pawan Choudhary profile image

Pawan Choudhary

10/10 starsCompleted
3 years, 1 month ago
It was a great learning experience,Prof. Naryanan made it easy to learn. I was getting a feel i am sitting in his class. My sincere thanks to you Sir.
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Vaishali Sushil profile image
Vaishali Sushil profile image

Vaishali Sushil

10/10 starsTaking Now
3 years, 1 month ago
I was unable to take up the exam as I am currently pursuing my engineering exams. Please do let me know if I can take up the test as I've also paid for the certificate. Please reply asap. Thank you.
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Mahesh Sankar profile image
Mahesh Sankar profile image

Mahesh Sankar

10/10 starsCompleted
3 years, 1 month ago
I have learned a lot from this course. It provided me an insight of different Financial Market Terms and the Knowledge required. Prof. Naryanan's lectures were superb and I am thankful to both IIMB and Prof. Narayanan for providing such a great course.
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10/10 starsCompleted
  • 1 review
  • 1 completed
3 years, 1 month ago
The course was very comprehensive and covered important aspects of the financial markets in a concise manner.The flow of presentation by Prof.Sri P.C.Narayan was very much inspiring and we sincerely thank him for the efforts he has taken.In the overall context of Indian banking scene more such courses tailored to meet the professional needs of those working in banks will go a long way in strengthening the economy.
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Varun Mandhana profile image
Varun Mandhana profile image

Varun Mandhana

10/10 starsCompleted
3 years, 1 month ago
It was a really awesome experience doing this course. Sir's methods of teaching are great and what's best is that for all the mathematical calculations and formula he tells in the video lectures there are also examples accompanying it so that we can understand it with a greater clarity. Also some of the confusing concepts are also followed by examples. Overall a must course for anyone who wishes to start learning about banking and fianncial markets
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Biju Poduval profile image
Biju Poduval profile image
10/10 starsCompleted
  • 1 review
  • 1 completed
3 years, 1 month ago
The course is an apt primer for all those who are interested in understanding the fundamentals of Banking and Financial Instruments. Importantly the course content covered most of the basics without being very confusing and detailed. Mr. PC Narayan, by his simplistic yet clear lectures made the concepts easy to grasp. His simple day to day examples made even complex subjects such as derivatives look simple. Additionally, a special thanks to the 'behind the scenes' support staff for ensuring that all the material was made available without any glitches.The 'webinar' is a very effective tool for interaction too. Overall an excellent course of very high quality and standard. looking forward to Part II of the series. Thank you.
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Vasishta bhargava profile image
Vasishta bhargava profile image

Vasishta bhargava

8/10 starsTaking Now
3 years, 1 month ago
Course content is very good, fairly comprehensive, Reasoning by instructor/s videos, is awesome. Helpful discussion board, videos & convenient access to instructor / teaching materials, related information. Summary section are very useful during the course.
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Singarayan Devanesan profile image
Singarayan Devanesan profile image

Singarayan Devanesan

10/10 starsTaking Now
3 years, 1 month ago
This course really explained about the title "Introduction to Banking and Financial Markets-I". I have been trying to understand the basic concepts of Investment Banking and other Financial Markets but this course came up as a full stop. Will be looking forward to part II with real time examples plus calculations. Thanks IIM-B and course Team. Very Much appreciated.
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Lakshmi Narasimhan Yeri Ranganathan profile image
Lakshmi Narasimhan Yeri Ranganathan profile image

Lakshmi Narasimhan Yeri Ranganathan

10/10 starsTaking Now
3 years, 1 month ago
Thank you professor PC Narayan for a wonderful course. I am working in IT Banking field and this course is a fantastic value add for becoming a domain expert in Banking/Financial services.
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sunanda de profile image
sunanda de profile image

sunanda de

10/10 starsTaking Now
3 years, 2 months ago
the course is great and the content is wonderful! the proffesor is awesome. thank you IIMB!!!!.i just wanted to say i'm submitting the questions after the videos for week 2& 3 but the answers are not being published. pls kindly look into the matter....
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JOY RAKSHIT profile image
JOY RAKSHIT profile image

JOY RAKSHIT

10/10 starsTaking Now
3 years, 2 months ago
Excellent course,truly loving it.It's worthwhile experience for me.Thanks to the entire team of IIMB for providing such a resourceful content.
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Juan Delgado profile image
Juan Delgado profile image

Juan Delgado

10/10 starsTaking Now
3 years, 2 months ago
Excellent course!! I have now a better understanding about banking and financial markets, and as engaged in my daily life.
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Iulia Alexandra Popa profile image
Iulia Alexandra Popa profile image

Iulia Alexandra Popa

10/10 starsTaking Now
3 years, 2 months ago
The professor, the course and the platform are providing an impeccable learning experience. In a clear, structured manner, showing a great amount of knowledge, the professor is conveying complex ideas which are afterwards practiced through out well thought ungraded and graded quizzes. I think the course was made with a lot of care and I believe it will pay great results for everybody. Best Regards, Iulia Alexandra
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nicolson munge ossembe profile image
nicolson munge ossembe profile image

nicolson munge ossembe

10/10 starsTaking Now
3 years, 3 months ago
I love the course as an accountant,i spend most time at work dealing with difference world known bank but I have experience within banking activities these include but not least : create bank account of suppliers,employees,currencies conversion,IBAN,SWift code,but I don't have banking qualification or certificate that why with EDX it is a golden opportunities to have my well known certificate.
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Harsh Mankad profile image
Harsh Mankad profile image

Harsh Mankad

10/10 starsTaking Now
3 years, 3 months ago
The Prof and the content are great! This is a great course to understand the basics of financial market and banking.
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