KIIT School of Management (KSOM) organised its 7th National Finance Conclave on 05th November, 2016. The theme of this years’ conclave was “Financial Sector & Taxation Reforms – The Road Ahead”. The conclave was inaugurated by Mr. Raamdeo Agrawal, Joint Managing Director, Motilal Oswal; Mr. Debasish Mohanty, President & Country Head, UTI Mutual Fund, and Mr. Anand Sinha, Director IDFC, Ex Deputy Governor RBI, IDFC Bank in the presence of Prof. Anil Bajpai, Director, KSOM and Prof. S.N Mishra, Dean, KSOM.
Setting the context, Mr. Debasish Mohanty elaborated on the recent trends in country’s financial sector highlighting how the technological disruptions, demographic & regulatory changes are impacting the financial sector. He emphasized the importance of cashless economy which will curb corruption and solve taxation problems. Mr. Anand Sinha spoke on the challenges that the financial sector is facing today and the possible way outs. He elaborated on trajectory of reforms over past three decades. He also talked about the readiness of banks in terms of compliance to Basel III norms.
Mr. Raamdeo Agrawal shared his journey of creating wealth from nothing to Rs. 1000 crores. He talked about the nuances of trading in the stock market. He emphasized on value investing rather than speculation. He shared some of the analytical frameworks that he has been using for creating wealth in the stock market. He concluded that everybody can be successful in life with the right mix of skill and passion.
The first panel discussion was on Banking sector reforms which was moderated by Prof. S. N. Mishra. The first panelist Mr. Anand Sinha spoke about the newly constituted Monetary Policy Committee and its functioning. Mr. Abhishek Arun, Vice President, Paytm elaborated on the changes happening in banking sector highlighting how the recent technological advancement is helping the sector moving towards plastic money and cashless economy. Mr. Shishir Mankad, Executive Vice President, Corporate Banking, Axis Bank, talked about privatization of banks opening new roads for development of India.
The second panel discussion was on GST which was moderated by Prof. Anil Bajpai. Mr. Shohrab Bararia, Manager, Eastern Zone Head, Grant Thronton talked about elimination of cascading effect with equitable distribution of tax. CA A.K.Sabat, Partner, A K Sabat & Co. mentioned that GST will eradicate cartelization providing a robust and stable credit mechanism.
The final session of the conclave had nine informative and interactive workshops with thought-provoking discussions on topics such as Private Equity in India, Raising Funds & Scaling up a Start-Up, Moving towards Cashless Economy, Corporate Banking – What does it take to win?, Innovation in Financial Services, Changing Trends in Banking & Payments in India, Realizing the Make-In-India vision through Foreign Trade, Creating Wealth in Financial Markets and Infrastructure & Project Financing.
The conclave was a part of three National Level Conclaves in the areas of HR, Marketing and Finance conducted by KIIT School of Management, to bring the industry closer to academia and create a forum for the exchange of ideas and thoughts on pertinent themes of the current era. This years’ conclave witnessed huge participation from management students, academia and industry practitioners.