ISB Updates
Artha 2018 - A Glimpse of the Indian Financial Landscape
Indian School of Business (ISB) hosted some of the best minds in the financial arena, at its finance conclave Artha 2018. The theme for this year’s summit was ‘Disrupt.Include.Grow’. The summit explored the recent and upcoming trends that are playing an instrumental role in shaping the financial sector of our country and the world as a whole. Dr Y.V. Reddy, former governor of RBI and Nimesh Shah, CEO of ICICI Prudential Mutual Fund graced the occasion as the key speakers. In addition, the conclave saw the active participation of many industry leaders, experts and students.
Professor Rajendra Srivastava, Dean, ISB, welcomed the guests and delivered the opening remarks. Dr Y.V. Reddy shed light on how the global financial system is driven by the Federal Reserve that has the mandate of managing unemployment levels in the USA. He also spoke of the increasingly bi-polar world and how things will be different from the last time the world was in such a situation. Nimesh Shah, the other keynote speaker, elaborated on the regulatory aspects impacting the mutual fund industry. The event was hosted by JA Chowdary, (Special Chief Secretary to CM of AP Govt, and IT Advisor) who spoke about the role of the government in promoting the technology.
The event also featured four panel discussions.
The first panel that discussed ‘Debt in India’ consisted of Sanjay Asher (Senior Partner - Crawford Bayley and Co.), Kiran Chonkar (Partner - BDO India) and Anshul Jain (Partner - Luthra and Luthra). It was moderated by Professor K Subramanian (Associate Professor, ISB and Independent Director, Bandhan Bank). The panel addressed NPAs as well as the new bankruptcy law. The gathering got a taste of an intense debate on the issue of allowing promoters to bid in the liquidation process.
The panel on Banks NBFCs and Payment banks rallied around the theme of ‘Knowing your customer, know your segment’. The panellists were Divyesh Dalal (India Head - Payments and Cash Management - HSBC Bank), Sandeep Thapliyal (MD - Avendus Finance), Sachin Khandelwal (Angel Investor and Ex-CEO Housing, Magma Fincorp) and the moderator of the panel was Ritesh Jain (Alumnus - ISB and Co-Founder - FlexiLoans). The panellists discussed the changing dynamics in the banking space and addressed issues relating to creditworthiness and lending methods. They were unanimous in accepting that soon we will see multiple financial institutions that will both compete and collaborate, based on each customer’s requirements.
The panel on India’s Equity Markets consisted of V Balasubramanian (CIO, IDBI Mutual), Mehul Bhatt (Founder - OysterRock Capital) and Kenneth Andrade (Founder and CIO, Old Bridge Capital). The panel was moderated by Professor Ramana Sonti (Clinical Associate Professor and Assistant Dean Admissions, ISB). The panel saw a very engaging discussion on various investment strategies and portfolio diversification. The panel also discussed the role of academics in the field of investments.
The fourth panel was on Global Financial Markets and consisted of Professor Seoyoung Kim (Asst. Professor, Santa Clara University) and Professor Vikram Kuriyan (Clinical Professor of Finance, ISB). It was moderated by Professor Ashish Kohli (Visiting Professor, ISB). The panel elaborated on the way cryptocurrency works and the various currency exchanges that exist today. They also discussed the increasing appeal of cryptocurrency in new age portfolios.
The closing note was rendered by Professor Ramabhadran Thirumalai (Clinical Assistant Professor and Program Dean, ISB).
Professor Rajendra Srivastava, Dean, ISB, welcomed the guests and delivered the opening remarks. Dr Y.V. Reddy shed light on how the global financial system is driven by the Federal Reserve that has the mandate of managing unemployment levels in the USA. He also spoke of the increasingly bi-polar world and how things will be different from the last time the world was in such a situation. Nimesh Shah, the other keynote speaker, elaborated on the regulatory aspects impacting the mutual fund industry. The event was hosted by JA Chowdary, (Special Chief Secretary to CM of AP Govt, and IT Advisor) who spoke about the role of the government in promoting the technology.
The event also featured four panel discussions.
The first panel that discussed ‘Debt in India’ consisted of Sanjay Asher (Senior Partner - Crawford Bayley and Co.), Kiran Chonkar (Partner - BDO India) and Anshul Jain (Partner - Luthra and Luthra). It was moderated by Professor K Subramanian (Associate Professor, ISB and Independent Director, Bandhan Bank). The panel addressed NPAs as well as the new bankruptcy law. The gathering got a taste of an intense debate on the issue of allowing promoters to bid in the liquidation process.
The panel on Banks NBFCs and Payment banks rallied around the theme of ‘Knowing your customer, know your segment’. The panellists were Divyesh Dalal (India Head - Payments and Cash Management - HSBC Bank), Sandeep Thapliyal (MD - Avendus Finance), Sachin Khandelwal (Angel Investor and Ex-CEO Housing, Magma Fincorp) and the moderator of the panel was Ritesh Jain (Alumnus - ISB and Co-Founder - FlexiLoans). The panellists discussed the changing dynamics in the banking space and addressed issues relating to creditworthiness and lending methods. They were unanimous in accepting that soon we will see multiple financial institutions that will both compete and collaborate, based on each customer’s requirements.
The panel on India’s Equity Markets consisted of V Balasubramanian (CIO, IDBI Mutual), Mehul Bhatt (Founder - OysterRock Capital) and Kenneth Andrade (Founder and CIO, Old Bridge Capital). The panel was moderated by Professor Ramana Sonti (Clinical Associate Professor and Assistant Dean Admissions, ISB). The panel saw a very engaging discussion on various investment strategies and portfolio diversification. The panel also discussed the role of academics in the field of investments.
The fourth panel was on Global Financial Markets and consisted of Professor Seoyoung Kim (Asst. Professor, Santa Clara University) and Professor Vikram Kuriyan (Clinical Professor of Finance, ISB). It was moderated by Professor Ashish Kohli (Visiting Professor, ISB). The panel elaborated on the way cryptocurrency works and the various currency exchanges that exist today. They also discussed the increasing appeal of cryptocurrency in new age portfolios.
The closing note was rendered by Professor Ramabhadran Thirumalai (Clinical Assistant Professor and Program Dean, ISB).
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