Abhigyan 2013: Banking and Finance Summit

JRE School of Management on 5th October, 2013 successfully hosted its second Finance Summit, “Abhigyan 2013”. The summit was presided by eminent personalities in the industry including:

  • Dr J.J Irani, Member of Board of various Tata Companies
  • Mr Deepak Singhal, Regional Director , RBI
  • Mr K.N.R Verma, Managing Director , PNB Investment Ltd.
  • Mr Ashish Sethia, Country Manager-India, Bloomberg, New Energy Finance
  • Mr Nikhil Madgavkar, CFO, Mother Dairy
  • Mr. Shailendra Bebortha, MD, REC Group, Norway
  • Mr Satish Jha, Head- Finance , Yamaha Motors
  • Mr Narendra Kumar, Group CFO- VLCC Health care Ltd.
  • Mr Rajesh Sharma, partner in Singhania and Partners LLP
  • Mr Ajay Bohora, CEO and Co- Founder at Credila

It was a privilege to hear words of wisdom from such eminent speakers who not only gave interesting, relevant presentations, but also enthusiastically responded to questions posed by many curious students. Each guest spoke in part about the state of the Indian economy, dwindling rupee value, the banking system of India, financial inclusion and leadership, but they all brought interesting personal perspectives to these and other issues.

Dr. J.J. Irani, the Chief Guest captivated the packed auditorium and expressed his focus on values-based leadership for business.  He praised Dr. Lalu Prasad and still considers him a friend, but emphasised the importance of taking a strong ethical position in doing business. He maintained that people with different principles can interact effectively if they try to know and understand each other’s underlining principles. According to him, India should also give more emphasis to proper planning than to Jugar.

Mr Deepak Singhal, Regional Director, RBI presented important concerns for the banking system in India. He said that it is more important to import capital goods than gold but noted that in the absence of suitable avenues for saving, many people believe traditional investments in gold to be safer.  He also outlined a range of job opportunities available in PSU’s.

Mr KNR Verma threw some light on current Indian economic conditions and explained various reasons for the rising Current Account Deficit (CAD).  He also explained that the fiscal deficit which is expected to be 4.8% of GDP this year has already crossed 70% of its limit, and there are still 6 months to go.

Mr Ashish Setia outlined the importance of the energy sector with regard to economic growth and, to the great interest of the audience, explained the quote from Mr. Warren Buffet: “If you buy lot of things you don’t need, then you have to sell the things which you do”

Other speakers equally were engaging and enlightened us with their knowledge and experience from their respective industries.

A Panel Discussion on the topic “Indian Economy: Through the Keyhole” was moderated by Mr Nikhil Madgavkar, CFO, Mother Dairy. This panel discussion mainly focused on current economic concerns for India, financial inclusion, RBI policies, RBI Governor, etc.

The panel discussion mainly focused on the current concerns of India, Financial Inclusion, RBI policies, RBI Governor, etc.

The second session started with the enthusiastic and remarkable speech of Mr Shailendra Bopartha  who explained how the Energy Sector is getting affected by the downfall of Indian rupee as it lead to huge import bills. He explained various reasons for the downfall of Indian rupee including problems in Syria and quantitative easing.

Mr Narendra Kumar outlined various tactics to be kept in mind in order to crack interviews, and focused on the importance of being able to present oneself effectively so a to impress the interviewers.  He also noted the importance of being up to date with the news!

Mr Satish Jha explained the importance of self-confidence and also explained the importance of content (knowledge of the subject).

The panel discussion on the topic “what are the things which a finance student needs to have to crack the interview?” was effectively led by Dr. Vishal Talwar, and this was enthusiastically received by the audience

Two groups of PGDM 2nd year gave competitive presentations to the panel. The topic of the first group was “Various Credit Agencies and their Roles” and the second group gave a presentation on the “Indian economy through the key hole”. The panel members were really impressed by the presentations and praised the efforts of the students

Students were delighted to experience such an event.

 

For more pictures and updates please visit: JRE School of Management

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