Industry leaders focus on the Role of Financial Services
Jamshedpur: Xavier School of Management, the premier B-School of India today played host to some of the biggest names in corporate India at the fourth edition of its Annual Finance Conclave – “GNOSIS 2013” in Mumbai.
In association with the Mumbai Alumni Association of XLRI and ICICI Prudential, the conclave focused on the role of Financial Institutions in mitigating the current economic crisis.
Although the financial meltdown and currency depreciation might be painting a gloomy picture of the current financial scenario, the conclave was successful in addressingthese problems. At the same time, the panellists discussed the outlook for the future of the financial sector and the economy as a whole.
The current problems of the economy have led people to pin the blame on many different parties, each being an important stakeholder.
The financial sector, being one of them, needs to prove its relevance and importance as a major force in our economic arsenal. Accordingly, the theme for Gnosis 2013 was “Role of Financial Services in Mitigating the Crisis”.
The discussion was led by some of the biggest stalwarts in the field of finance like . Murlidhar Rao, Executive Director SEBI, . Bunty Bohra, CEO Goldman Sachs Services, . Rajeev Gupta, Managing Partner ARP Wood Capital etc.
Each of these consummate professionals shared their ideas and opinions, formulated through their luminous careers, with professionals from the industry, the media, the student community and the public at large.
The conference started with an introduction to the importance of investments led by . Bunty Bohra. The session focused on encouraging foreign investor confidence in the Indian economy and the role played by venture capitalists and private equity firms.
It was followed by a thought provoking insight on Indian banking by . Rajiv Ranjan, CEO Reliance Asset Reconstruction Company.
Lastly, there was an exciting stock pitch competition which saw participation from B-schools pan India. The finalist teams pitched in their ideas which were judged by . R Srinivasan, Head of Equity, SBI MF Mumbai and . Nitiin A. Khandkar, Founder of Beyond Quant Equity Research.
The conference concluded successfully and was an excellent means for everyone to recognize and appreciate the role of the Financial Services sector in our economy, especially during gloomy times like this.
The industry is expected to guide us out of the crisis through superior growth which is of a responsible and sustainable nature. It plays an important role in India being able to maintain a competitive advantage over other countries.