Jamshedpur: The Finance Association at XLRI successfully hosted GNOSIS 2019, XLRI�s Annual Finance Symposium, on November 9 at The St. Regis, Mumbai. The symposium saw P S Jayakumar, MD & CEO of Bank of Baroda and XLRI alumnus deliver the key-note address.
He covered various fields such as the changing investor-investee relationship and the need for trust therein, changes in retail banking and fintech.
He concluded by emphasising the importance of promoting non-linear growth by changing traditional organisational structures.
GNOSIS is hosted by XLRI every year to promote a platform for academia to connect and interact with industry stalwarts, top level executives and regulators to discuss their views on current financial happenings and issues that would be the next big catalysts in re-shaping the Indian Financial System.
The theme of GNOSIS 2019 was �Indian Financial Sector: Changing Frontiers”.
More than 150 student and corporate delegates from top B-Schools and leading companies in BFSI sector took part in the symposium. The conference witnessed two panel discussions featuring eminent industry leaders and top level executives.
The first was the banking panel discussion on �The future of corporate lending: Navigating systemic changes� by five eminent panellists – Manish Kothari., (Senior Executive VP, Kotak Mahindra Bank); Sanjeev Lall (Partner, Udvik Infrastructure Advisors LLP); K V Srinivasan (CEO & ED, Profectus Capital Pvt Ltd); Sunil Damodar(Former General Manager, SBI); and Himanshu Joshi, (Former Executive Director, Board of Oriental Bank of Commerce).
The panel was moderated by internationally certified success coach, Mudit Yadav (Founder, MY Success Coach).
The panellists discussed the positives and negatives of linking floating rates to external benchmarks on the impact of the same on lending. The discussion ended with the emergence of neo banks in the economy and whether they should be viewed as opportunities for synergy or threats.