B-Schools play an important role in finance related research and knowledge: UK Sinha

India Infoline News Service | Mumbai |

Indian regulators have built the foundation of company governing rules, norms and regulations but the future generation of finance professionals have to ensure compliance and enforcement, says SEBI chief

Keynote speakers UK Sinha (Chairman, SEBI) and Arundhati Bhattacharya (Chairperson, State Bank of India) reiterated the role of B-Schools such as the Indian School of Business (ISB) in finance related research and knowledge when it comes to modernising finance and fostering the next leg of growth.

These views were also echoed by several prominent business leaders from the banking and finance industry at Artha ISB Capital Markets Conclave 2013 that was organized for the first time in Mumbai by students of the finance club and Alumni at ISB.

While SEBI Chairman Sinha spoke about the growing need for finance related research projects to be undertaken by B-School students and alumni in various capital market areas such as risk management, deepening the penetration of financial products in India, SBI Chairperson. Bhattacharya spoke about the need for collaborations with B-Schools for products, knowledge banks and examining risk appetite.

U. K. Sinha said, “Inspite of all the turmoil, our domestic markets have shown resilience and regulatory clarity while instilling trust and transparency. Several investor friendly initiatives have been taken including ASBA, AIF, e-IPOs, e-Voting and SME listing to keep pace with the entrepreneurial energy of India in recent times. The role and duties of regulators has been properly delineated and they have to work together to resolve other areas. But regulators need adequate research, data warehousing and knowledge management and this is where academicians can play a crucial role with students. To make risk management systems strong and robust, we need research projects to be undertaken by the B-Schools alumni and students. He also spoke about the need for research in futuristic concepts such as high frequency and algorithmic stock market trading. I urge ISB students to study the new Companies Law and the corporate governance norms therein. We also need more research to strengthen surveillance systems even though they are comparable to the best in the world now. Indian regulators have built the foundation of company governing rules, norms and regulations but the future generation of finance professionals have to ensure compliance and enforcement.”

Arundhati Bhattacharya said, “Good crisis situations should never be wasted and should be used to become better prepared and stronger in the future. The future belongs to education and management research in the finance sector as this will empower decision makers. People connectivity is a key factor in deepening our financial markets and skilling manpower is very essential. Today, there is a great need to devise new products even as we strengthen processes and regulations. Banking and financial products need to evolve in the face of the digital and mobile revolution that is sweeping the country. Revolver loans are a great example of innovation and very much needed in India. Indians are unique entrepreneurs and the SME sector needs new products. SME entrepreneurs are good technocrats but they need help from B-Schools to help them manage the entire chain of profitable growth. The youth of today has to learn and understand financial planning and asset allocation. To modernise finance, collaborations are the way forward for banking and financial institutions in terms of alliances with PEs for SMEs; large PEs/ debt funds fuelled by foreign AMCs and pension funds; and micro finance institutions, self help groups, regional rural banks and local area banks. The future will witness new concepts such as Parabanking to stimulate connectivity between lenders, borrowers and promoters especially in rural areas.”

Ajit Rangnekar, Dean, ISB, said, “Artha - the ISB Capital Markets Conclave 2013 was held in Mumbai for the first time ever to get closer to the business and financial community in the commercial capital of the country. This vision was realised only due to the enthusiasm of our alumni and students. We want to continue to conduct academic research that we can bring to the world of finance. We `are happy to note that some of the prominent personalities in the world of regulation, banking and finance have also recognised our contribution.” He added, “Having hosted some of the highly accomplished leaders in the past, the Conclave brings together some of the best minds at the forefront of the industry, policy and academia through interactive discussions, with the aim of developing perspectives and inspiring the student and alumni body. Coined ‘Artha’, the ISB Capital Markets Conclave 2013 is presented by students of the Finance Club at ISB across the Hyderabad and Mohali campuses in association with the vibrant ISB alumni community with the aim to learn from the leading visionaries across the banking, private equity and capital markets.”

Artha 2013 - the Capital Markets Conclave, the annual flagship event of the Finance Club at the Indian School of Business (ISB) was designed to provide an interactive platform and serve as an interface between students, the alumni association and professionals in the industry. Sanjay Nayar, CEO, KKR India gave the Welcome Address at Artha 2013 – ISB Capital Markets Conclave followed by five panel discussions on these topics, respectively - ‘Revitalization recipe for India’s Investment Landscape’, ‘Role of PE/VC in kick-starting India’s entrepreneurial juggernaut’, ‘DEALing the right cards – Taking Indian firms to the world’, ‘BONDing : Emerging Role of  Bond Market in Indian context’, ‘Fin-o-vation: Turbo-charging the Indian Financial System’,  and the Closing address – ‘India Way Forward’.  Artha 2013  had, Ashok Wadhwa (Group CEO-Ambit Holdings), Aisha De Sequeira  (Co-Country Head And Head Of Investment Banking, Morgan Stanley), Haigreve Khaitan (Partner - Khaitan & Co.), D Muthukumaran (Head -Group Corporate Finance, Aditya Birla Group), Nilesh Shah (MD & CEO, Axis Capital), Ananth Narayan (Co-Head Of Wholesale Banking – South Asia, Standard Chartered Bank), Srinivasan Varadarajan (Executive Director - Axis Bank), Sandeep Kothari (CIO, Fidelity Investments), Manish Chokhani (MD & CEO, Alliance Holdings), Avinash Gupta (MD, BofA Merrill Lynch), Balachandra Naidu (MD & Co-head, Baring Asia), Rohit Chatterji (Head of Investment Banking, JP Morgan Chase ) amongst others. ISB, through its mission of creating leaders by developing innovative programmes and creating and disseminating research-based knowledge, imparts cutting-edge and relevant knowledge to build future leaders. In a short span of 12 years, ISB has developed into one of the most prestigious institutes in academic circles as well as the corporate sector.

 

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