Finance Continuum 2009 at SJMSOM, IIT Bombay Proves to be a Power-pack of Knowledge for Upcoming Finance Wizards

Finance Continuum 2009 at SJMSOM, IIT Bombay Proves to be a Power-pack of Knowledge for Upcoming Finance Wizards

He discussed about the impact that consumption and saving behaviour have on the entire economy. "Never lose the opportunity in a crisis", was his key message. He said that developments in the real economy and the financial markets point to a period of moderation.

Somak Ghosh, Group President-Corporate Finance and Development Banking, Yes Bank spoke about Inclusive Finance and converting challenges into opportunities. He stressed on the need for market based solutions catering to 'bottom of the pyramid' businesses. He spoke about the need to provide a conducive investment environment in the businesses of Healthcare, Education, Financial Services and Retail & Logistics. He discussed the opportunities provided by microfinance and said that there was still a long way to go before Microsavings and Microinsurance options can reach the masses. On a parting note he said that "BOP markets offer commercially viable opportunities with significant growth potential and positive externalities".

Naveen Gupta, Head, Private Bank Treasury, Standard Chartered Bank spoke about the opportunities to innovate, introspect and invent which are the outcomes of the Global Financial Crisis. He stressed on the importance of Risk Frameworks and the need for a paradigm shift towards realism. A few of the challenges facing India are uncertain consumption patterns, and the problems in keeping up infrastructure spending.

Anant Rao, Dy. Head, Derivatives, SBI Cap Securities conducted a workshop on Equity Derivates. He gave a very enlightening talk on the derivatives market in India and the students were thrilled to receive a first hand account from a practitioner's perspective.

Mr. Ananda Bhoumik, Senior Director, Fitch Ratings gave a talk on the risk perspective of the challenges and opportunities for India in the changing Global Financial landscape. He discussed in detail the impact of the volatility in asset prices on the financial domain as a whole.

The Panel Discussion

The thematic talks were accompanied by a panel discussion moderated by Anil Nair, a Business Journalist and Executive Editor with United Business Media. The panelists were Ajay Garg, Managing Director and CEO, Equirus Capital; Nirakar Pradhan, Chief Investment Officer, Future Generali; Prachetas Raikar, Head, Global Banking Risk, HSBC and Abhijit Phadnis, Former Director, Head Finance Administration and Operations, Credit Suisse First Boston (I).

The discussion was focussed on the Next step forward for the Financial Sector in India. The panelists spoke on an array of topics ranging from microfinance to the realty sector in India. The discussion was engaging and insightful and the students benefited immensely from the interactive Q&A session, in which each speaker provided insights from his area own area of expertise.

On the whole, the continuum proved to be a power-pack of knowledge with the industry leaders dishing out ample information to whet the appetite of the upcoming finance wizards.

Concluded.

Contributed by -
Gunjan Gulati,
Member, Public Relations Team,
Shailesh J. Mehta School of Management, IIT Bombay.

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