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.

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MANTHAN 2018: Inauguration Ceremony

Opening Ceremony CollageMarch 10th, 2018, the day was marked by the presence of esteemed guests from the industry, faculty and students who gathered at TAPMI for the inauguration ceremony of Manthan, the annual budget conclave. This year marked the 4th edition of the conclave which began on 2015. Manthan is a student run initiative that brings together Economists, CXO’s, Bankers, Regulators and Fund Managers to discuss recent trends, emerging issues, challenges and opportunities in the industry.
The two days of the conclave will witness exciting events from SMIC presentations by students at TAPMI, to Coffee Cookies and Conversations with respected guests, guest lectures and an event revolving around the theme for this year, A financial Clairvoyance.
Student Managed Investment Course also known as SMIC is the brainchild of Prof. Madhu Veeraraghvan, director Tapmi. It is a course where students are given real time money and they make investments in the real markets. During Manthan each team gets an opportunity to present a summary of their learning and the presentation is judged by an eminent panel of senior capital market professionals.
The events aim to create a platform for finance students to showcase their knowledge and network with senior industry professionals.
The inauguration ceremony began with the welcome speech by a member of Finance Forum followed by the lighting of the lamp and the invocation song.
Prof. Madhu Veeraraghavan couldn’t be present due to prior commitments, hence there was a message from him which was played on the screen where he spoke about the conclave and wished the students luck.
Next Prof. Raghunath Rudran addressed the audience and talked about the city of Manipal, the history of the institute and extended a warm welcome to all the guests.
We were honored to host esteemed professionals from the industry including Mr. Ashish Gupta, Ms. Mitali Chitre, Mr. Kishor Bagri, Mr. Satyendra Nayak, Mr. Manas Datta and Mr. Gaurang Trivedi.
Next Professor Meera Laetitia B. Aranha too had insights about the conclave and encouraged each student to learn from the experience.

Finomenal 2017: Day 2 : Valedictory Ceremony

 

WhatsApp Image 2017-10-29 at 6.02.31 PM.jpegOn 29th October 2017, Finomenal 2017 came to an end with its valedictory ceremony. This year’s Finomenal was centered on the theme Govern, Strengthen and Transform. It gave a platform to bring together 13 industry experts from various domains with students from 13 different colleges. The flagship events were Echo – the guest lecture series, roundtable discussions and Accretion 1.0 where 35 teams brainstormed on mergers and acquisitions and top 6 teams competed in the final round.

The esteemed guests for the day Mr.Saurabh Sharma, Mr. Mitul Desai, Mr. Aditya Agarwal, Mr. Jayna Gandhi, Mr. Ganti Murthy and Mr. Adtiya Gadge gave their closing remarks and shared their experience about Finomenal and Tapmi Institute.

Winners of various competitions held across these two days were declared and awarded. The team from Tapmi Manipal emerged as Bloomberg Champions 2017 and SIBM Bangalore was the runners-up. In the section wars of hashtag challenge, section 1 emerged as the winner, winners of accretion were IIM Calcutta( Shubham Ranka and Vinay Sheoran)  and of govern it right which was an intra-college event were Ambrish and Nadan.

The event was concluded by the convenor of Finance forum with his vote of thanks to all the guests, committees, faculties and the students for the making of Finomenal 2017 a phenomenal event.

Finomenal 2017: Day 2: “Banking in a time of Change” – Mr. Aditya Agrawal, Joint Vice President, TransUnion CIBIL Limited

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29th October 2017: Mr. Agrawal, in his lecture on “Banking in a time of change”, dwelt on the changing face of Indian financial institutions, driven by the technological advancements and change in customer preferences that we see today.

Quoting Frances Hodgson Burnett, “At first, people refuse to believe that a strange new thing can be done…then it is done and all the world wonders why it was not done centuries ago”, he said that disruptions in technology are transforming the banking sector. Banking is increasing turning to customer-centric models, he continued, and people are turning to their apps on their mobile phones or websites to handle their banking needs.

He then explained the evolution of the banking channels- traditional banking with physical channels gave way to digital channels, with 247365 access to services and focus on personalization. Today, advanced data analytics combined with AI empowers financial institutions with strategies to enhance the customer experience.

In India, the evolution of a new digital landscape built on JAM (Jan Dhan Yojana, Aadhar, and Mobile), is paving the way for greater financial inclusion.  The increase in payment banks, however, will increase competition in rural and semi-urban sectors, where traditional banks have to offer superior customer service and competitive products to stay ahead.

Mr. Agrawal also devoted a significant portion of his talk explaining the relevance of the emerging field of blockchain technology in banking. The blockchain is essentially a distributed ledger where each block contains a timestamp and holds batches of individual transactions with a link to a previous block. It creates secure alternatives to time-consuming banking processes, particularly with regard to online transactions.

The speed with which modern technology has developed has meant that the traditionally slow-moving financial institutions have to remain relevant to customers and competitive in the marketplace. With companies such as Google and Amazon venturing into fin-tech space, banks face more competition and bigger challenges. It is therefore imperative for financial institutions to evolve with time, becoming flexible enough to keep up with the demands of today’s society.

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.