XLRI Jamshedpur in association with The Institute of Cost and Works Accountants of India organized the ‘XLRI Finance Seminar 08’. Conducted and arranged by FINAX, the Finance association at XLRI, the seminar provided an insight to management students about different aspects of Risk Management, a topic of utmost relevance in the present day business scenario.
Various dignitaries came together on a common stage and enriched the discussions with their vast experience and vision. The dignitaries included Dr. A.K. Sarkar , Director (Finance) - Central Coalfields Limited, N. K. Mishra, Group Head (Mergers & Acquisitions), Tata Steel, Mr. Robin Roy, Associate Director- PriceWaterhouse Coopers, Mr. C.E.S.Azariah, CEO-FIMMDA, Shri D Ravishankar, Ex. Director, Investment & Risk Management-CRISIL, Dr Venkatachalam, Ex Director-Bangalore Stock Exchange. Delegates from Tata Steel, ICWAI and students from ICWAI also attended the seminar.
“This seminar exposed the management students and other participants present, about the various specialized activities related to risk management,” said Dr. Gourav Vallabh, an eminent XLRI faculty from the finance area.
The inaugural address was given by the guest of honour Mr. Chandra Wadhwa, President ICWAI while Dr. A.K Sarkar,Director (Finance) CCL, the chief guest for the seminar delivered the keynote address.
Dr. D Ravishankar, Ex. Director, Investment & Risk Management-CRISIL, enlightened the gathering on the topic of Risk Management in Banking Industry. He explained the various types of risks faced in banking industry and then also spoke about Basel II and the risk management architecture and framework.
A session on Interest and Foreign Exchange Risks and was taken by Mr. C.E.S.Azariah, CEO-FIMMDA. He explained the 10 year G-Sec yield movements and also went on to demonstrate the change in the behavior of banks with the change in interest rate trends.
A panel discussion on Mergers and acquisitions (M&A) was one of the key events of the seminar. The panelists discussed on how corporate restructuring strategies are an important aspect of the corporate finance world and can dictate the fortunes of the companies involved for years to come. As industry structure moves towards more consolidation it becomes imperative for upcoming managers in India to understand the process of due deliberation and its importance in working out a deal.
Mr. Robin Roy, Associate Director, PriceWaterhouse Coopers, in his session on ‘Enterprise Wide Risk Management’ discussed about enterprise risk systems and their relevance in today’s global economy.
The participation level and discussion with students and faculty alike at the seminar re-established the strength and expertise of XLRI in the area of finance. The seminar was sponsored by ICWAI and co-sponsored by Tata Steel, Larsen &Toubro Ltd., Taxmann Publications and Karvy Stock Broking Ltd.