Manthan 2018: Day 2: “India as an emerging superpower”- Mr. Satyendra Nayak, Consultant, Spectrafin

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The second day of Manthan 2018 started off with a guest lecture from Mr. Satyendra Nayak, Consultant at Spectrafin. In his interactive session with the students, sir talked about India as the emerging superpower.

Mr. Nayak started by talking about the ancient history of India, how it has never been just a nation, but a continent. India is second largest in terms of the population today, and according to him, it is one of the greatest resources that we have.  It’s not just population, but also the demographic profile of India, which is growth conducive. 45% of India’s population is between the ages of 15-35; which is the productive segment of the population. This results in faster growth rate in the country’s GDP. In the last two decades, China was the highest growing nation in terms of GDP, he said. Overall GDP is affected by output produced and wealth of the nation. Also affecting the GDP of a country is the circular flow of income; the factor payments and factor income like wages and salaries, interest, rent, and profits. Thus, increased spending by the population generates more investment which leads to greater production and wealth creation. Assets such as houses, educational institutes, corporates, which last for a lot of years are wealth creations.

Apart from economic progress, Mr. Nayak talked about the agricultural, military, nuclear, infrastructure and qualitative or the spiritual strength of our country. He also mentioned that the vast natural resources of the country are a huge advantage to it. He called India the agricultural basket of the world but said that it will be underutilized as long as proper technological innovation is not initiated in rural segment of the population. In military strength, he said, we are the 4th largest, but we are also the largest importer of defense equipment. He declared that India is slowly moving towards developing the infrastructure to manufacture the equipment on its own. Indian railway connectivity is one of the largest in the world and thus, also adds to the strengths of the nation. Finally, he insisted that no territorial expansion is possible for a nation- economic progress is what makes a nation a superpower. And when a nation becomes a superpower and owns material prosperity and wealth, they pursue spirituality and religion. In this aspect too, India is superior as it has a storehouse of spiritual and religious knowledge, so much so, that many other major countries are now following our traditions and customs. Thus, he reiterated, India is emerging as, and is set to become a superpower soon.

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Manthan 2018- Day 2: Samnidhy Investors Meet 2018

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On 11th March 2018, the Samnidhy Investors Meet for the year 2018, was held as part of the second day of the Annual Budget Conclave, Manthan 2018.

Samnidhy is a one-of-its-kind, student-management investment fund at TAPMI, and the only one to be legally registered in the country. It has completed 3 years of operation, since its inception in 2014. Comprising an official board of directors, it is regulated by strict guidelines and protocols and is mentored by an advisory board consisting of senior capital market professionals.

The Samnidhy 2017 Board of Directors included Mr. Abraham Mathew (CEO), Mr. Dhanyakumar M. H. (CIO), Mr. N. Phani Kumar (CRO), Mr. Dinesh Guna (CMO), Ms. Abhilasha Mathur (CHRO), and Ms. Bhargavi Mittal, the interim CIO. The team also comprised of 52 Analysts covering 13 sectors.

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Prof. Aditya Mohan Jadhav addressed the gathering and spoke about the roots of Samnidhy, and its evolution over the years. Ms. Mitali Chitre, Principal at Baring Private Equity Partners unveiled the Samnidhy Newsletter for 2017-2018.

This was followed by the formal presentation by the outgoing Board of Directors on the stock selection and review process. The key highlights of the presentation are as follows. For the year 2017, Samnidhy had a corpus of Rs. 7.9 Lakhs, wholly contributed by the students of TAPMI. The corpus has grown by 127% since their beginning in 2015, and the fund reaped in post-tax returns of 18.6% for the current year. They suffered a loss of 2.7% because of the bear market. The portfolio holdings mainly consisted of those in NBFC, Banks, Automobile, FMCG and Infrastructure sectors.

They also presented the key activities during the past year, such as weekly and quarterly publishing of the Samnidhy Newsletter, a periodic “Stock of the month” analysis shared with the TAPMI community, sector presentations by Samnidhy Analysts and guest interactions for Samnidhy Analysts.

This was followed by an interaction with the distinguished guests, who provided several suggestions ranging from analyzing and choosing stocks, to improving their marketing communication. The student investors also posed questions to the Board of Directors.

The meet ended with the introduction of the new Board of Directors for Samnidhy 2018 -19, consisting of Mr. Subhajit Bhattacharjee (CEO), Mr. Saket Golchha (CMO), Mr. Sanjay Sawhney (CIO), Mr. Akshay Salot (CRO) and Ms. Christina Sebastian (CHRO).

Manthan 2018: Day 1: Interactive Session by Mr. Vivek Law, Founder, CEO & Editor-in-Chief, The MoneyMile

Edited-2291On day 1 of Manthan 2018, students had an interactive session with Mr. Vivek Law. Mr. Law is the founder, CEO, and editor-in-chief of The Money Mile. He is also Co-president of Keiretsu forum in Delhi-NCR and Bangalore. Mr. Law started off his career as a crime reporter and since then have worked with organizations such as TV Today Ltd, Bloomberg TV, CNBC-TV 18, Economic Times, Business Standard and Financial Express as Editor. He has a rich industrial experience of 23 years and his areas of expertise include, but are not limited to, financial literacy, investigating economic crime, consumer protection, and the stock market.

Mr. Law began the session by giving a brief introduction about himself and shared some insights from his life’s journey. After working for 12 years in newspaper, Mr. Law shifted his career to magazine work and joined India Today, where he tried more writing on finance. In 2004, he again shifted the career path, this time to television. In 2017, Mr. Law launched a digital video platform for finance, called The MoneyMile. The aim of the session was to create a basic idea among the students about the importance and need for investment. Mr. Law said that the investment habits of the ultra-rich in the country are totally in contrast with the habits of the rest of India. 93% of the ultra rich invests in equities in comparison to others, which is one of the reasons why the rich always stay rich. Investing is not about telling one not to spend. Mr. Law expressed his opinion that one should start investing when they have the luxury of money, which is right from the time they start earning. Mr. Law said that, if there’s one thing that can change someone’s life, it is the compounding power of money. Unless and until the investment is not getting the power of compounding, it’s impossible to create wealth.

In the second half of the session, Mr. Law talked about the importance of setting a goal before venturing into investment. He asked the students to put the goals down, such as child education or health or retirement and choose a scheme for investment with these goals in mind. Mr. Law is of the opinion that one need not invest in multiple schemes. It’s always safe to choose one particular scheme or at times, a few select schemes across categories for investment. Talking about the risks associated with investing in equities, Mr. Law said that no one knows what is going to happen in the stock market and charting can help only to an extent. The trend in India is that we buy equities when prices are high and disposes of when the price is low or when the market falls. When one goes into the stock market without realizing how much risk they can take, loss occurs.

Finomenal 2017: Day 2: “Wealth Management and Investments” – Mr. Saurabh Sharma, Product Head-Liabilities, NRI & Payments, National Australia Bank

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On 29th October 2017, the second day of Finomenal 2017, Mr Saurabh Sharma, gave a thoughtful lecture to the students of TAPMI on Wealth Management. He started the lecture by discussing various careers in wealth management. He discussed what is wealth management and who are the investors. He then explained why investors invest and how do they decide where to invest, few methods discussed were: deciding the risk profile of a client, defining asset class allocation, deciding product allocation etc.

He encouraged students to explore investing options. Mr Sharma quoted, “Taking the right call at the right time is important while investing”. He explained a couple of investment opportunities available in the market, few of which were Mutual funds, Direct equities, Portfolio management schemes, Bank deposits, Insurance, Bonds etc. He then listed out the skill sets required for wealth management few of them being, technical skills, ability to deal with pressure, interpersonal skills, empathy and discipline.

It was an interactive session and students found the session to be very knowledgeable and insightful. Mr Saurabh Sharma engaged into interactions with the students answering all queries related to wealth management and investment.

Finomenal 2017: Day 2: “Compliance and Risk Management in Banking”- Mr.Mitul Desai, Head – Compliance and Operational Risk, National Australian Bank

Mitul-3On 29th October 2017, Day 2 of Finomenal 2017, Mr. Mitual Desai delivered a guest lecture on “Compliance and Risk Management in Banking“ in our campus. He started off by giving a brief background of himself. He then gave an overview into the various business divisions in a Banking company such as Treasury, Retail Banking, Corporate Banking, Compliance and Risk Management, Trade Finance and so on.

A significant part of his lecture was on Risk Management in Banking and the various types of risk associated in Banking such as Credit risk, Market risk, Operational risk, Regulatory risk and Technology Risk. Risk Management teams are often referred to as “second line of defence” in a bank’s risk strategy – sitting between management(1st) and internal audit(3rd). He also spoke on the significance of compliance and risk management departments and how they have become an indispensable part of the banking sector. He used examples of top banks which are investing more to strengthen their compliance department.

Mr. Mitul Desai later dwelled on the different aspects of compliance departments and some key compliance regulations in India. He then offered career advice to students who are aspiring for a career in the compliance roles within banking. He elaborated on the different skill sets which are required for successful risk and compliance professionals. He also threw light on the various career paths in risk and compliance such as jobs in credit risk, market risk, operational risk, anti-money laundering (AML) etc.

Mr. Mitul Desai later did a SWOT Analysis of Foreign Banks in India and did a comparative analysis with their Indian counterparts bringing down the curtains on what has been a fascinating discourse on Compliance and Risk Management in Banking.

FINOMENAL 2017: Day 1: “Asset-Liability Management”- Mr. Anand Bagri, Head-Domestic Markets, RBL Bank Ltd

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On 28th October 2017, the inaugural day of Finomenal 2017, Mr. Anand Bagri, gave an insightful lecture to the students of TAPMI on Asset-Liability Management in banks. He started the lecture by showing how Financial markets can be sub-divided into the money market, debt market, forex market and debt capital market. He then went on to give students an idea about various aspects of banking and financial services.

Mr. Bagri quoted, “The objective of Asset Liability management is to effectively manage liquidity risks by maintaining adequate liquidity at all times”. He went on to talk about the nitty gritty of asset-liability management in banks giving a fair view of the sector to the students. He then explained how RBI manages the liquidity in the system through its monetary policies. He also explained the various monetary tools like repo rate, reverse repo rate, cash reserve ratio (CRR) and statutory liquidity ratio (SLR) and how each of these can impact the liquidity in the markets.

It was an interactive session and students found the session very knowledgeable and insightful. Mr. Anand Bagri invited questions from students and patiently answered all their queries giving them a fair view of banking and asset liability management.

COBCAM 2017 Inauguration Ceremony

The Inaugural Ceremony of COBCAM 2017 began with the ceremonial lighting of the lamp by the Director, Dr. Madhu Veera Raghavan, Admissions Chair, Professor Aditya Mohan Jadhav, BKFS Representative Mr. Dhanyakumar Malali and the Key Note Speaker of COBCAM 2017, Mr. Deepak Reddy, Group Head HR, Bajaj Finserv.

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Professor Aditya Mohan Jadhav emphasized the grounded industrial exposure the students of TAPMI get by the very structure of the curriculum. Dr. Madhu Veera Raghavan opened COBCAM 2017 by sharing his dream for TAPMI to be one of the top 10 Business Schools in India and for BKFS students to play an integral role in the financial services sector. He stressed on continuous revival and revamping of the curriculum to keep in constant touch with the changes in the industry.

The Key Speaker, Mr. Deepak Reddy refreshed on some of his fondest memories and biggest learnings as a TAPMI student. He urged the students to learn as much as possible in as many diverse sectors and fields. He noted the change in the perception of the consumers towards the banking industry and how that the most important factors that influence the success in the banking service sector are customer’s ease of obtaining information and customer fulfillment.

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He praised the change from the traditional banking practices to modern digitized methods which vastly reduced the processing speed. While this has greatly increased customer satisfaction, it has simultaneously reduced employment requirements; replacing man with machine. A case in point, he reminded the students that the financial sector is highly volatile with uncertainty around every turn.

On what he expects from students and future leaders, he demands that we find our purpose in life; a field where we can create an impact and lead change. He also stressed the importance of being socially aware and developing capabilities to collaborate with other individuals. He urged the students to work hard and learn continuously.

The insightful and informative speech set the tone for an evening of learning at COBCAM 2017.