Jaipuria Noida Students Treated To A Brilliant Finance Conclave, Industry Experts In Finance Discussing ‘Emerging Paradigms In Indian Financial Sector’

Jaipuria Institute of Management, Noida hosted a high-profile Finance Conclave on the 15th of September 2012. The one-day conclave saw Finance stalwarts from various industries discuss the ‘Emerging Paradigms in Indian Financial Sector’.

Noida (I-Newswire) October 17, 2012 - Jaipuria Institute of Management, Noida hosted a high-profile Finance Conclave on the 15th of September 2012. The one-day conclave saw Finance stalwarts from various industries discuss the ‘Emerging Paradigms in Indian Financial Sector’. The conclave was organised by the Finance Club of Jaipuria Noida, ‘HIRANYA’, at the Jaipuria Institute of Management, Noida campus.

This conclave at Jaipuria Noida was divided into two sessions, the first being the inaugural session, which was addressed by the Chief Guest, Mr. Ranjan Dhawan, Chief General Manager, Punjab National Bank. Mr. Dhawan put in perspective the current status of the Banking sector, especially the technological advancements.

“The 24×7 banking culture has many facets today, and innovations will carry on simplifying things. However, local culture and practices will continue to play a major role in the acceptance of tools. 18 million people hold a PNB Debit Card; only 1 million hold PNB Credit Cards. Internet banking and mobile banking are a huge revolution and quite secure.”

Mr. Dhawan reflected on numerous challenges in the BFIS space, like the high cost of distribution channels of mutual funds, Retail Banking and Brokerage. Mr. Dhawan’s words laid the ground-work for the brain-storming session, which commenced after a short tea-break.

The second session of this conclave at Jaipuria Noida focused on corporate finance and investment banking. The panelists were Mr. Rahul Jain, Vice President, Maple Capital Advisors, and Mr. Deepak Singhal, President and CFO, Philipin Manufacturing Company. It was generally agreed that costly debts in the financial markets were leading to disinvestment of the corporate, sending out negative vibes in the financial sub-sectors, resulting in subdued results. Managing the funds requirements and the bottom-line at the same time is becoming increasingly difficult nowadays.

Mr. Rahul Jain, VP, Maple Capital Advisors – an MBA, CA and CS with 6 years of experience – laid out some facts, starting right from the definition of Investment Banking.

“Contrary to perceptions, Investment Banking is not ‘equal to’ investment + banking. Investment bankers advise corporates on investments,” elaborated Mr. Jain for the convenience of the student managers of Jaipuria Noida. He went on to explain how investment banking survives during downturns, and the skill sets needed for being a good investment banker. “A good investment banker is patient, has immense networking skills and is technically competent. Investment Banking makes an immense intellectual contribution to the economy.”

Mr. Deepak Singhal, a Finance wizard with 25 years of experience, spoke on the subject of corporate finance for students of Jaipuria Noida.

“A ‘fresher’ in corporate finance has to be ‘fresh’, open, and able to challenge thestatus quo. Finance is a complex domain, which requires wide job knowledge and accurate logic. It is a function of compliance and responsibility, and includes a vast amount of routine stuff. IT today is pretty much the backbone of Finance, and delivery is what professionals are ultimately measured by. Business is all about people; in this domain, the interest in numbers and interest in people walk hand-in-hand. ”

Mr. Singhal went on to explain the difference between the roles of a CA and an MBA in Finance. He advised the students of Jaipuria Noida to choose a good company over a good job, reminding them that maintaining cash flow and working capital management are the most critical roles of Finance.

The conclave proved to be of immense value to the future managers from Jaipuria Noida, and helped their understanding of the current financial market situation. The final session of the Finance Conclave at Jaipuria Noida was not just about advanced knowledge, but also about how basic definitions are changing with time.