XXVI ANNUAL CONVENTION - Department of Financial …mfc.edu/userfiles/file/Convention Theme...
Transcript of XXVI ANNUAL CONVENTION - Department of Financial …mfc.edu/userfiles/file/Convention Theme...
September 21, 2013Hotel Le Meridien
New Delhi
XXVI ANNUAL CONVENTION
Indian Financial Order:Exploring New Dimensions
Association of Finance & Control (AFCON)Student Body of
Department of Financial StudiesUniversity of Delhi
ABOUT CONVENTION
The Master of Finance & Control program is the flagship course of the Department of Financial Studies,
University of Delhi. It is a specialized course, established in 1987, with its curriculum deeply rooted in the
intricacies of Finance. A fine blend of technical and management aspects of Finance, it is an endeavour that
has created efficient and prudent industry professionals for the past 26 years.Panel discussions, guest lectures, professional workshops, travel-and-learn programs and corporate
leadership seminars ensure that the students are well-equipped and have working knowledge of the industry.
The Annual Convention is a focal event at MFC, the convention serves as an interface between industry
perceptions and theoretical concepts
The Annual Convention at MFC, organized by its student body AFCON, is the culmination of views
emanating from an idea. The XXVI Annual convention pegs itself to be a grand occasion following the
glittering tradition of its predecessors. With legacy of more than quarter of a century, the event has witnessed
presence of many eminent personalities from the Corporate world, Ministries and Regulatory Boards. The
event revolves around a theme that highlights interesting issues and challenges in the domain of finance and
enables the attendees to understand the myriad opinions and solutions to them. It provides insights to the
students, in the process of becoming professionals, an enables them to think like successful leaders.
The 26th Annual Convention on “Indian Financial Order: Exploring New Dimensions” is a platform that will
congregate prominent professionals from industry and erudite academicians to have enlightening discussions
on the emerging importance of corporate governance and the future of the Indian Banking Sector and
technical sessions on contemporary issues in the Indian Financial System.
master of finance & control
Panel Discussion 1Banking in India: The Road Ahead
•• Financial Inclusion: The Long-standing Goal
• Sustainable Finance: Social and Green Banking
• NPA Management: Risk Mitigation
Opportunities and Obstacles in the changing scenario
Key Issues
With the progress towards an open economy, the Indian banking sector has undergone paradigm shift in its
scope, content, structure, functions and governance. The metamorphosis will ensure a road entirely different
from the tracks traversed hitherto. The new banking licences are the harbingers of a challenging turf that will
witness tactical strategies deployed by the banks to retain their profitability and competitive edge. In response
to the changing environment, Indian banks today are aiming to fortify their ability to perform several financial
functions - business planning for their retail customers, raising capital for the mid-market segment, tax-related
services, selling mutual funds and insurance, among other things. The opportunities and obstacles that await in
the future remain to be explored and conquered, and that will be the centre of discussion in the session on
“Banking in India: The Road Ahead”.
Panel Discussion 2Corporate Governance: Towards Better-Managed Companies
• Rights and Equitable Treatment of Shareholders and Stakeholders
• Integrity and Ethical Behaviour
• Disclosure and Transparency
• Corporate Social Responsibility
• Companies Bill Amendments
Key Issues
The essence of good corporate governance is ensuring trustworthy relations between the corporation and its
stakeholders. Therefore, good governance involves a lot more than compliance, it should also exhibit broader
social and institutional dimensions. The board of directors is one of the most important elements in corporate
structures, because it is the tone at the top determines the tune in the middle. Elements such as secure private
property rights, functioning judiciary, and free press are necessary to translate corporate governance laws and
regulations into on-the-ground practice. With the Parliament ushering in the new Companies Bill, the business
landscape stands transformed and there is a sense of optimism about the framework for corporate governance.
Taking cognizance of the same, we discuss the significance of establishing robust governance structures in
“Corporate Governance: Towards Better-Managed Companies”.
Technical Sessions
NBFCs: New Banking Licenses
Innovation in Financial Products
With the goal of expansion of banking services in the country, RBI has released final guidelines for issuing
new banking licenses. As big corporate houses evaluate options and consider entering the industry, there
remain certain challenges before them and the industry in foraying into the banking domain. Also with this,
certain questions stand out to be answered like what will be the challenges for new players in building a
customer base? What are the other barriers to entry post issuance of licenses? How is the banking industry of
the country going to respond in near future? What product & process innovation can be expected in the
industry with the growing competition?
The world of finance has a certain dynamism and vigour attached to it. It needs a brush of new ideas and
innovation, in line with changing investor preferences and the economic cycle. But today’s complex financial
products are featured with significant overlapping in terms of benefits and cost associated. There have been
several innovations from cost-saving ones to revenue-enhancing ones, and from in-house developments to
outsourced ones. The stern regulatory watch coupled with the complexity in understanding of these products
pose certain challenges in their development. So the question arises, what is the scope of evolution of such
innovative products in India? What are the challenges faced by the firms developing them and what are the
ways they could make their products more attractive in a crowded marketplace like India?
Technical Sessions
The Rupee in Dol(lar)drums
The rupee has borne the brunt for poor policy decisions by the Centre in the recent past. The resilient strength
in the currency seems to have faded and we possibly stand more exposed to external shocks than ever before.
The loss of tools at the disposal of the central bank and effective combative measures to insulate the currency
is a problem that needs to be addressed immediately. What will cement the confidence of foreign investors
who exited India due to fears of a liquidity crunch abroad? What measures will lift the rupee from its lifetime
low? What will ensure better resilience of the rupee to future shocks?
Transforming Risk Management: Need of the Hour
Given an environment with continuing economic uncertainty and unfortunate risk events in companies across
the globe, there are hardly any arguments against a sharper focus on risk management practices. Waves of
systemic failure across the financial sector have led to a sense of scepticism about the existing risk
management framework, which largely emphasise on change in government regulations and other similar
circumstances. How do we regulate a complex world with imperfectly informed agents who make inefficient
choices? What are the challenges faced in managing counterparty risk, funding risk and liquidity risk? What
role does the psychology of risk play in pricing money market funds?
Mr. T. Ravi Shankar
Mr. Navin Nambiar
Mr. Rajesh Sood
Mr. Gunit Chadha
Ms. Vibha Batra
Mr. Pallav Sinha
Mr. Sanjiv Saraff
Mr. Ashok Jha
Mr. Pramod Kumar
Mr. Juergen Feidler
Director, RBI
DGM, RBI
Sr. VP, Bank of America-Merrill Lynch
CEO, Deutsche Bank
Co-Head, Financial Sector Ratings, ICRA
Co-Founder and CEO, Fullerton Securities
Sr. VP, Investment Banking, ICICI Securities
Chairman, MCX-SX
MD, Barclays Capital
Director, Deutsche Bank Operations
Mr. Shrinivas Murthy
Mr. R.K. Nair
Mr. Vinod Pande
Mr. Saurabh Chawla
Mrs. Laxmi Iyer
Mr. Sachindra Nath
Mr. Jean Francois Pierron
Mr. D.V.S.S.V. Rao
Mr. Akshay Chaturvedi
Mr. Sunil Pant
VP- Retail Banking, HDFC Bank
ED, SEBI
Sr. VP & Head, SBI Capital
Exec VP, DLF
Head, Kotak Mutual Funds
Group CEO, Religare
Director, IBM France
MD, PNB Gilt
DGM, ICICI Bank
CGM, SBI
Prominent Speakers In The Past
Contact us
Sartaj Singh Saroha
Convention Team
+91- 9717640829
E-mail: [email protected]
Varunn Kaushik
President
+91-9873975354
E-mail: [email protected]
Website: www.mfc.edu
Secretary,