Conference & Seminars

02-11-19

HR CONCLAVE- 2019 organized on 2nd November 2019.

Department of Management atI.T.S Ghaziabad organized HR conclaveon the focal theme HR 4.0 CHANGING LANDSCAPE” with the objective that how organizations are changing mainly due to technology.

This Conclaveprovided a platform to highlight the various upcoming issues, opportunities and challenges in corporate in coming future. Eminent speakers from Industry and Academia shared their insight and valuable thoughts on various subthemes.  Mr. Dinesh Jain President( Legal& Corp Affairs) Uflex graced the occasion as a chief Guest and Dr. Debi S. Saini Emeritus Professor-HRM , IIM, Ranchi was present as a Guest of Honor. In the very beginning the program was started with inaugural session where Mr. Arpit Chadha (Vice Chairman) felicitated the chief guest and the guest of honour with plant sapling. He also shared words of wisdom and motivation to address the audience. In the inaugural session, Dr. Debi Saini make us aware what AI is actually and how it is helping and intervening in HR and Mr. Dinesh Jain shared their views like what challenges can come with AI listed as which process, Is AI can replace human workforce? He also added no one will be jobless. The Various eminent speakers during the Technical Sessions and Panel Discussion focused on concepts like AI is mainly Augmented Intelligence and we need to work on pace of change. VUCA(Volatile, uncertain, Constant, Ambiguous) is current scenario and how technology will affect various activities by 2030. We need to be ready to unlearn for adapting change. Mundane jobs can be handle by AI. With AI, value plays a key role.In Technical Session 2, eminent speakers gave an insight on topic “Leaders of 2030- Decoding New Paradigm”. Their views were “Leaders will be self, critical & bold.” There are 3 major competencies- Talent development, communication, leading change. The Top Management should be easily reachable for good leadership. Authenticity will have to be come in a big way.In session 3, Panel discussion on topic “Diversity & Inclusive Initiative” speakers enlighten and added in our knowledge by saying that there should not be only Lip Service. We need to be change from D&I to I&D. Inclusion should be worked on as society.At the end Dr.(Prof.) Vidya Sekhri(Director-Management) expressed his gratitude by Presenting Mementos as a token.

 

Overall session was very interactive and full of practical knowledge and insights shared by them on the topic which we are going to face in upcoming years.

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04-10-19

Department of Management organized Business Summit 2019

Department of Management studies at I.T.S, Mohan Nagar Campus organized third edition of Business summit with a focal theme “Digital Transformation and Business Evolution” on Saturday, 16th February, 2019. This summit was one of the leading platform where business, policy-makers, civil society and academia came together to discuss the current trends and challenges in the Indian business landscape.

Business Summit witnessed the presence of prominent speakers across the industries on the day.  Major General Dilawar Singh, Director General, Nehru Yuva Kendra Sangathan Ministry of Youth Affairs and Sports Government of India addressed the gathering as the Chief Guest and  Shri Raghavender G.R. IAS, Joint Secretary Department of Justice Ministry of Law & Justice Government of India as  the Guest of Honor . Other renowned experts for the business summit were, Mr. Prashant Sharma, Senior Vice President ,Kotak Securities, Mr. Vinayak Lal  , Senior GM, DS Group, Mr. Avinash Srivastava , General Manager, DLF, Ms. Latika Wadhwa , CEO (Founder), Mompreneur Circle,  Mr. Jyoti Das Business  , Head Asia Pacific, Calvin Klein,  Mr. Akash Sharma, VP – Finance ,Bajaj Hindustan Ltd., Mr. Narendra Kumbhat, Founder Mentor, Virtual  CFO Partners Pvt Ltd.,Mr. Bharat Bhushan , Head (IT& Social Media), Doordarshan,  Mr. Pramod Joshi , CEO, Winning Mantra,  Dr. Shobha Kulsrestha, Corporate Trainer, Mr. Amit Kumar Tanwar, AVP – Business Banking Group, IndusInd Bank,  Ms. Manavika Sharma, AVP –HR, BIS Research, Ms. Margaret Chari, Organization and position : Sports and Recreatio, Commission,  Business, Development and Marketing Manager from Zimbabwe, Ms. Daniela Tello Rioja, CEO and Co-Founder Tinto Libre. Social entrepreneurship on economic vulnerability reduction from Colombia,  Mr. Abdibeshir Said , Lecturer and College registrar head at Haramaya University from Ethiopia. 82 foreign delegates from 35 countries (Ethopia, Jimbabe, Afganistan, Argentina, Kenia, Ghana, Nigeria, Sri Lanka and Columbia etc ) and 60 delegates from corporate & academia registered themselves for Summit. Foreign Delegates & other delegates from Delhi/NCR showed huge enthusiasm by participating till the last session of the Summit. 

The Summit was designed with an inaugural session, keeping focal theme in mind and three different panel sessions focusing on Marketing Practices During Innovation, Customer Engagement Trends in Financial Services, Leveraging Digital HR for Organizational Excellence  

Inaugural session of Summit started with the opening remarks of Sh. Surinder Sood, Director (PR) , I.T.S – The Education Group. He emphasized on the role of digitization for upliftment of unorganized sector, expedition of corporate social responsibility activities of business . Dr. Anusha Agrawal, (Convenor)  discussed an overview and detailed program of the Summit. Dr. Ajay Kumar, Director (Management)  delivered welcome address. He discussed issues related with digital intelligence, digital innovations, company culture and virtual business system with the help of digitalization. Sh. Arpit Chadha, Vice Chairman, I.T.S - The Education Group addressed all representatives from industry, academia, government and educational institutions from India and abroad. He highlighted achievements of the Government plan and programs initiated by Hon’ble Prime minister and role of digitalization in effective utilization of such programs. Guest of Honor Sh. Raghvendra G.R.(IAS) addressed  role of digitalization in globalized economy, copyright treaty, encryption device scheme, new disruptive technology, data mining techniques and financial inclusion in the light of  digitalization. Chief Guest Major General  Dilawar Singh stressed on evolving new business modules, creation of long term strategy with short term project, hybrid model for adopting changes, aggregation vs segregation and inspirational leadership. Finally he energized the audience with the slogan “Nation First and Character Must” and “Jai Hind”.

Session I deliberations were focused upon Marketing Practices During Innovation

Mr. Vinayak Lal  , Senior GM, DS Group was the moderator of the session through out the session he enhanced the spontaneity of the session. Mr. Bharat BhushanHead (IT& Social Media), Doordarshan addressed issues based on role of social media in marketing, artificial intelligence and virtual media and how rapidly data getting transmitted on regular basis on the world wide web. Mr. Jyoti and Ms. Margarate Chari  elaborated how to  create a desire for a product, relevance of E- commerce. Mr. Avinash Srivastava focused on augmented reality and virtual reality and prediction of customer need.  He focused upon disruption drivers in form of market dynamics, geopolitical disequilibrium & environmental concerns.

Session II deliberations were focused upon Customer Engagement Trends in Financial Services

Mr. Narendra Kumbhat, Founder Mentor, Virtual  CFO Partners Pvt Ltd was the moderator of the session and thus made it ensure that it provides meaningful takeaways for the audience. Mr. Amit Kumar Tanwar, AVP – Business Banking Group, IndusInd Bank expressed their views on the theme during panel discussion. He specifically pointed out development in last 10-15 years indicating scope of numerous opportunities & innovation in India. He spoke about digital revolution and innovations in Indian Banking Sector. Mr. Prashant Sharma Senior Vice President ,Kotak Securities explained customer online query related with money transfer, check balance, money investment and loans. He emphasized upon customer relationship in era of Digitization & Artificial Intelligence. Ms. Daniela Tello RiojaCEO and Co-Founder Tinto Libre from Columbia discussed banking sector innovations with the help of digitalization and   enhancing banking efficiency in terms  of sanctioning online and offline loans to the customer in context with the country Columbia. Mr. Akash Sharma , VP – Finance ,Bajaj Hindustan Ltd. elaborated various trends in Financial Services Sector and the factors to keep in mind before investing money.

Session III deliberations were focused upon Leveraging Digital HR for Organizational Excellence  

Dr. Shobha Kulsrestha, Corporate Trainer was the moderator of the session and elaborated process of promotions and increments with effective digital system. Mr. Abdibeshir SaidRegistrar, Haramaya University (Ethiopia) expressed their views on contemporary HR issues and role of digitalization in Human Development in Ethiopia. He emphasized upon technology updation of HR fraternity in order to imagine the future, design the future & align the future with the present. Ms. Malvika Sharma, AVP –HR, BIS Research addressed about hiring talent, on boarding process and rewards and recognition process with the help of digitalization. She spoke about digital revolution, virtual organization & challenges related with them. He said that the decision making will be data-driven along with inner gut & feeling in time ahead and intellectual work will be done by machines. Mr. Pramod Joshi, CEO Winning Mantra attempted issues related with interview, employee data and  HR planning  in contemporary age with rapid digitalization. Ultimately entire sessions were highly informative, productive and sensitizing to students, academicians and business professionals. He advised everyone to rethink about the concept of leaders & the leadership in changing times.

I.T.S Mohan Nagar has a rich tradition to organize such events based on contemporary social, business, academic, industrial and other developmental issues in addition to its regular academic, professional and research based activities with its prime objectives of   creating a sense of awareness among audiance and ensuring sincere efforts of the institution for  socio economic  development and thus acting as a catalyst for nation building. Business Summit- 2019 is also a part of the same endeavor to strengthen Industry- Institution- Interface to facilitate competitive and time demanding professional education and to produce business leaders and executives to cater demand of industry, business and society. 

Business Summit 2019 ended with vote of thanks proposed by Dr. Vivek Pachuari.

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05-04-19

Department of Management organized International Conference ICCSIDTB-2019

Department of Management at I.T.S Ghaziabad organized two days International Conference on the emerging focal theme Convergence of Social Innovation and Digital Transformation in Business. 

The Inaugural Session commenced with the welcome Address of Director Management – Dr. Ajay Kumar and during his address he  stated that today digital technology has radically influenced our life and some organizations are already using it in a manner that were never anticipated earlier. Thereafter, Dr. Manoj Kumar Jha presented a Conference Overview to the audience. Director PR – Shri Surinder Sood emphasized on the urgency of determining the extent to which digitalization should be induced in our lives so that the human – human relationship is not taken away from the society.

 

The Special Guest of the Inaugural Session, Mr. Charudutta Bodhankar, Academic Director of IDRAC, India focused on the role of digital transformation in Entrepreneurship and how students can convert their great business ideas into start-up venture. The Guest of Honour for the Day, Dr. Rakesh Kumar Joshi, Professor and Chairperson – Research, Indian Institute of Foreign Trade, New Delhi, deliberated that growing population of the country should be supplemented with innovative technology so as to leverage the strength of the nation. He also stated examples of various countries where digital revolution had a significant role in the growth of agriculture and thereby increasing the productivity. The Chief Guest Mr. Ashish Goyal, Managing Director Accenture Technologies Ltd. stated the relevance of speed, persuasiveness, entirety, hyper personalization and constant sense of connectivity among students in this era of rapid digitalization.

Theme of Track 1 was Contribution of HRM in Social Innovations and Business Transformation.

Dr. Amita Srivastava, Director, BRENCIS Group chaired this session with opening remark on the need of Social innovations and Business Transformation. Dr. M. K. Jha emphasized on the need of social innovation and differentiated it with traditional approach of resolving societal problems and challenges in isolation and at the same time emphasized on the role of Human Resource Department  in this endeavor. Dr. Urmila Yadav, from Sharda University, Gautam Budh Nagar and Ms. Tarushi & Ms. Simran from Rukmini Devi Institute of Advanced Studies, new Delhi presented their research papers on Role of Value Based Education in Social Innovation and Green HRM respectively. Prof. Shikha Arora coordinated this session with welcoming and introducing the guests and words of gratitude.

Theme of Track 2 was role of Financial sector in Social Innovations & Business Transformation

Dr. Anusha Agarwal set the ball rolling by introducing the topic of the session to the audience. Dr. Ajay Chauhan (Senior Professor, IMT Ghaziabad) emphasised the importance of research for both the students and faculty. He apprised the audience by giving an example of block chain technology and its impact on the finance industry in the future. Second speaker was Dr. Sunil Gupta, Senior Professor (direct taxation and tax planning) IGNOU. He spoke on the topic of various Aspects of taxation individual & corporate. Session concluded with the address of Dr.Uchit Kapoor (Senior Manager ACRC,AIMS New Delhi Chapter& AVP-CLAG, Veritas financial Services New Delhi). He addressed the audience on topic of social innovation for using business & corporate finance, corporate credit, credit management ,syndicate finance, banking and insurance, Behavioural research ,taxation on digital goods, E-auctions.

Theme of Track 3 was Marketing Innovations in Business & Social transformation

The first session of the day was addressed by Dr. Mahua Dutta from NGO-Leeds in Heels, California, USA she apprised the audience with the importance of incorporating social innovation in business practices. The presenters presented their research work on the theme of the session “Marketing Innovations in Business and Social Transformation”. Prof.C. K Aggarwal delivered presentation on role of digitalization on rural development and agricultural innovation, Dr. Lalit Kumar Sharma discussed theme of the track and coordinated the session.

Theme of Track 4 was Role of Digital Transformation in Social Innovations 

Session Chair of this session was Dr. Abhishek Singh, Birla Institute of Technology, Mera. Keynote speaker was Shri Deepak Chaudhary, CEO, Audi Motor

The speaker initiated the discussion on the topic by talking about the digital transformation in automobile industry. He also shared that how enquiry management system and software like emax, facilitates in collecting accurate details about customers   for better service. He shared some very specific examples of various luxurious 4-wheelers.

The session Chair initiated the discussion on the topic by talking about digitalization in the field of finance and highlighted “financial technology” with its applications. He also discussed the advantages of new technologies and how it will help students to gain knowledge about them. Seven papers were presented in this session.

Best Paper Awards in each area were given in valedictory session.

Dr. Vivek Pachauri Co- Convener delivered Vote of thanks to all the guests, management authorities, speakers, presenters, delegates, faculty, staff and students.

The students could have an exclusive opportunity to interact with foreign speakers, resource persons from various institutions and organizations.

 

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24-01-19

Induction Seminar in association with AIESEC for PG Students

Department of Management at Institute of Technology & Science organized an Induction Seminar in association with AIESEC in IIT Delhi for PGDM and MBA students on 24thJanuary 2019 in Chanakya Auditorium. This seminar was organized with the objective of giving students opportunities in the areas of Global Entrepreneur and Global Volunteer.

AISEC is a global platform for young people to explore and develop their leadership potential. Since their inception, they have engaged and developed over 1,000,000 young people who have been through AIESEC experience. They are a Non-Political, Independent and Not for Profit organization run by students and graduates of institutions of higher education. Their members are interested in world issues, leadership and Management. The internships offered are in the following broad areas: Marketing, Digital Marketing, Sales, Content Writing, Business Development, Graphic Designing, App. Development, Education, Web Development, Education, Accounting and Finance, Human Resources, etc.The recommended countries are: Bahrain, Eqypt, Greece, Indonesia, Italy, Mainland of China, Malaysia, Nepal, Poland, Turkey,  Vietnam and many more.

The Post Graduate students of I.T.S interacted with the team with full enthusiasm and zeal. They were looking forward to opportunities like this in our esteemed Institute and are ready to encash on it very soon.

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18-12-18

Faculty of Department of Management attended SHRM India National Public Enterprises Conference

Dr. D K Pandey and Dr. Charu Chaudhry, Faculty of Management Department at I.T.S, Ghaziabad attended SHRM India National Public Enterprises Conference on 18th December, 2018 at the SCOPE Complex, New Delhi. The theme for SHRMPEC 2018 was 'Unite to Ignite'.The objective of conference was to bring together diverse elements of business, strategy, and people, to harness the power of unity and thus redefining the future of HR in public enterprises.

The conference commenced with an interesting panel discussion on ‘New Challenges of leadership in the Emerging Business Environment’ highlighting the dynamic business environment and direct competition of Public organizations & with agile Private Organizations . Mr. Suresh Sethi, MD & CEO, India Post Payments Bank discussed about Igniting Transformational Change. In this session, he shared insights on how to drive change at a transformational level in the organization with an example of Indian post office system. Mr. Prithvi Shergill Advisory Partner, Tomorrow/Smarten Spaces & Former CHRO – HCL deliberated on role of talent analytics in HR and its implementation in PSEs. A panel on Future Ready PSE Leaders explored into what attributes leaders must have, to be Future Ready. Mr. Stephane Michelin, Chief Executive Officer, Sodexo Benefits and Rewards Services, India,  elaborated the relevance of new-age employee benefits in the digital world to keep a highly motivated and productive workforce. Panel discussions also delved into strategies to engage and motivate employees and how to utilize CSR funds for the growth of a new India by 2022. Ms. Garima Garg Director, Deloitte India shared insights on the future of work and HRs changing role. Mr.D.D Misra, President, "Janm" Trust and Former Director HR, ONGC, had drawn very interesting insights from Indian Mythology, the Ramcharitmanas, focusing on the three attributes of God Hanuman to create learning for employees. Conference also witnessed the launch of ‘A Stranger Truth', book by Ashok Alexander Founder-Director of ‘The Antara Foundation’. He is the man who led the India office of ‘Bill & Melinda Gates Foundation’ from its inception in 2003, until 2012 and created Avahan, which became the best ever private prevention program in HIV, and a model of scaling up health delivery.

In nutshell, the conference was an eye opener on various dimensions of HR as well as PSEs challenges & perspective related to workforce, HR strategies and expectations of all stakeholders including government as one of the key player.

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International Conference on “Globalization : Prospects And Opportunities For A New India on 5th - 6th April 2019”

International Conference started with the blessings of Goddess Saraswati. The hon’ble Chief Guest was Dr. T. Haque (Chairman: Land Policy Cell, NITI Aayog) while the Guests of honor was Prof. Bikram Keshari Pattanaik, Ms. Priya Deshmukh and the Keynote speakers were Dr Dalip Kumar & Dr. Vivek Kumar.

Honorable Shri Arpit Chaddha (Vice Chairman- ITS The Education Group), Director PR- Shri Surinder Sood, Director Management and the Conference Chair Dr. Ajay Kumar inaugurated the Conference jointly by lighting the lamps before the idol of Goddess Saraswati.

The conference had three sessions – the first was inaugural session and the second & the third sessions were marked for research paper presentations.

INAUGURAL SESSION:

This session started with the address by eminent speakers on the conference theme high lightening Globalization and its impact on India. Speakers talked about “New Ideas in Rural Finance”, “Measurement of Employment & Unemployment”,” Digitization” etc.

PRE-LUNCH RESEARCH PAPER PRESENTATIONS

 

The session started with a small presentation by one of the conference sponsors - Pearson - about their company and products.

A panel of four eminent academicians – Dr. Seema Singh, Dr. Ghulam Yashdani, Prof. B.K. Pattanaik and Dr. Vivek Kumar judged the research papers and the presenters who were in a competition to win the best paper award in different categories.

Glimpse of some of the notable papers which got jury’s appreciation are listed below:

Under General Management category different topics were taken up by the presenters under the theme- “Globalization: Prospects and opportunities for new India” such as Analytical Study of Traffic Building Techniques for e-Business, Flipped Classroom Approach: - a Student’s Perspective which included Digital Market, Built Better Relationship, SEO (Search Engine Optimization)

Under Finance category, the research paper was presented by Ms. Manisha Gupta who talked about the factors affecting individual investment decisions in Indian Capital Market taking Delhi NCR region under study. She told about objectives of investor i.e. maximum return, minimum risk, hedge against inflation etc. and constraints such as liquidity, age, time horizon, need regulator income etc. The decision was affected by demographic factors, lifestyle, psychological, risk bearing ability and self image. The sampling design was of random sampling and the questionnaires considered were 42 out of 50 on which survey was done.

Another paper was presented by Ms Shrimoyee Ghosh on “Cross Border Merger and Acquisition: An Analysis”. She talked about Major International and National mergers and acquisitions taking examples of Tata Group, Airtel, and Hindalco etc. She also talked about major merger and acquisition failures and their solutions.

A research paper on “Evolution of growth and micro finance in India” was presented by Neha Roy where she talked about the provisions of financial services to the people who are just above poverty line and those who are below poverty line. She gave a brief of the salient features of micro finance for borrowers from low income group borrowing small amount for short duration, without collateral and high frequency repayments (more EMIs). Her survey highlighted the fact that 87% poor do not have access to credit that stands to $30 billion. She discussed the role and challenges of micro finance as well.

The fourth paper which got jury’s appreciation was presented by Richa Mishra on the topic “Micro Finance and Regional Rural Bank – Current Scene and The Path Ahead”. In this paper her objective was to study different age groups of rural customers of RRB’s and to study the thinking of rural population towards RRBs. She explained the methods to remove poverty by introducing micro finance. She emphasized the importance of such schemes in rural India.

POST-LUNCH RESEARCH PAPER PRESENTATIONS

Research papers presented in the area of marketing touched various topics. The different topics taken up by the presenters under the theme- “Globalization: Prospects and Opportunities for a new India” included Digital Marketing, Viral Marketing, Flipped Classroom Approach, Factors affecting sustainability of Startups and eNAM – the initiative by the government of India.

Highlights of some of the selected papers are as below:

Research paper presented by Ms. Priyanka Gupta was on “Digital Marketing – A Global Weapon to Overcome Customer Resistance to the New Product”. Her objective was to explore the challenges faced by consumers as well as marketers in launching the new product in the market. There were several hypotheses and the research was based on qualitative analysis. She talked about the various reasons of not adopting the product such as – Lack of Innovations, Risk, Traditional Barrier, Lack of Information (features, advantages and benefits of the product) and Lack of Role Model. She then talked about the overcoming strategies and need of personalization.

Another paper was on “Viral Marketing” where the presenter introduced the various techniques used in viral marketing that enhance the marketing effectiveness on the internet. Presenter explained how it is useful for various startups, students promoters, NGO’s etc. he made the comparison between digital marketing and viral marketing and its advantages over digital marketing.

Dr. Sunita Shukla, under general management category, discussed about Flipped Classroom Approach – A Student’s Perspective. She explained it as a blended learning approach in which the students are provided with the data to be studied beforehand and the classrooms are only for learning the practical aspects of it. She used empirical methodology and considered undergraduates and postgraduates under study through questionnaires. Her data figured that 98% student are comfortable in Flipped Classroom approach. She used ANOVA Test to reach to the conclusion – FLIPPED TEACHING + ACTIVE LEARNING = AMAZING EDUCATIONAL POSSIBILITIES.

The fourth paper talked about the factors affecting sustainability of startups. The several reasons of failure of today’s startups include copying from western culture, higher cost per unit, less revenue per unit, lack of vision and local market impact on customers. The challenges during these startups are fund raising, recruiting talent etc. The presenter gave the sustainable model of startups and the government incentives for startups and concluded the research.

The fifth presenters were Shiva Shah and Shreya Nand who gave the analytical study of eNAM- an initiative taken by government to improve the conditions of farmers. They gave reasons of gap between farm and non farm income such as industrialization, inequality in formation of policy etc. They talked about the Mission 2022 of government and the area of improvement such as Agri productivity, Industrialization, Govt. intervention etc. They studied the Action Plan of government and took into account the primary data collected from the village Karehda near Ghaziabad. They concluded with the benefits and drawbacks of eNAM and current status of the policy implemented.

Research paper in HR presented by Shikha Gupta was on “360 Feedback Method” which talked about supremacy of 360 degree over traditional methods.

Conference came to an end with a valedictory session wherein each winner was given a certificate and a citation for best paper in its category.

BEST PAPER AWARDS

Best Paper in General Management:

Dr Sunita Shukla, Ms. Radhika Jain & Ms. Aprajita Srivastava

Best Paper in Finance:

Ms. Richa Mishra

Best Paper in Marketing:

Mr. Shashank Srivastava

Best Paper in HRM:

Ms. Shikha Gupta

Conference concluded with the formal Vote of Thanks proposed by Dr. Rajeev Johari.

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Dr. Anusha & Prof. Neetu attended CII 5th Summit on Banking and Finance.

Dr. Anusha Agarwal and Prof. Neetu Purohit attended the 5th CII Banking and Finance Summit 2016 on ‘Building India through a Stronger Financial Sector’ on 20th May 2016 at Taj Mahal Hotel, New Delhi. The Summit witnessed a participation of around 225 delegates comprising of corporates, infrastructure companies, banks, insurance companies, financial intermediaries and merchant banks, AMCs, technology players in BFSI space, PEs & VCs, multilateral agencies, policy makers & regulators, finance professionals, debt syndicators, economists and academia. The Chief Guest for the Summit was Mr. Vinod Rai, Chairman, Banks Board Bureau, Government of India. He highlighted that the banks stressed assets are due to high leveraging by the borrowing companies. He also highlighted that the Banks Board Bureau is analyzing these stress assets and will put forward an intermediary mechanism to settle them. RBI is also preparing guidelines on the issues faced in case of joint lending by banks. Mr. Rai was hopeful that all these will facilitate in cleaning the balance sheet of the banks. In this regard, a road map will be ready by 15th June so that a certain degree of comfort can be provided in the decision making process. Then there were four Panel Discussions with Panel Discussion I on ‘Linking the Unbanked Population to the Formal Banking System’.

The speakers for the panel were Mr. Rakesh Sethi, Executive Director, Union Bank of India; Ms. Ratna Vishwanathan, Chief Executive Officer, Micro finance Institutions Network; and Mr. Anuj Pandey, EVP & Regional Business Head-North, Religare Finvest Ltd. The session chair was Dr. Harsh Kumar Bhanwala, Chairman, NABARD. The Panel Discussion II was on ‘Enhanced Role of Technology & Applications in Banking and Financial Sector’. The panelists were Mr. Kiran Karnik, Former President, NASSCOM; Mr. Murli Mahalingam, Industry Director-Banking, SAP India Subcontinent; and Mr. Trilok Chandra, Director, Department of Electronics & Information Technology, Government of India; and Mr. Rajesh Dhuddu, Senior VP-Market Development, Quatrro Processing Service. The session moderator was Mr. Ravi Nawal, Country Head, Kapronasia in India. The Panel Discussion III was on ‘Financing the Infrastructure Gap: Role of Banks, Financial Institutions & Specialist Institutions’. The panelists were Mr. S.B. Nayar, Chairman and Managing Director, India Infrastructure Finance Company Ltd.; Mr. K. Mukundan, CEO UTI Capital Ltd.; and Mr. Sidharath Kapur, President and CFO-Airports, GMR Group. The Moderator for the panel was Mr. Tamal Bandyopadhyay, Consulting Editor, The Mint. The last Panel Discussion IV was on ‘Structural Reforms in the Indian Financial Sector’. The expert speakers for the session were Mr. Deepak Chatterjee, Managing Director & CEO, IIFCL Projects Ltd.; Mr. Nikhil Sahni, Secior President and Country Head, Government Banking & Strategic Government Advisory, YES Bank; Mr. A.K. Choudhary, Chief General Manager, Department of Banking Regulation, Reserve Bank of India; Mr. Naresh Makhijani, Partner and Head-Financial Services, KPMG India; and Mr. Krishnan Sitaraman, Senior Director, CRISIL Ratings.

The session was chaired by Mr. Rajesh Srivastava, Chairman & Managing Director, Rabo Equity Advisors Pvt. Ltd. The speakers deliberated on the various aspects of financial institutions and how their functioning can be made more effective at a fair cost with benefits to all sectors of the society. The speakers also stressed upon the need for a greater role of Micro Finance Institutions and NBFCs as they work at the grassroot level so that they compliment the formal banking channels in reaching out to the bottom of the pyramid. There was also a release of the CII - CRISIL Paper on ‘Building India through a Stronger Financial System’ was released during the Summit. The faculty members found the Summit very informative and insightful.

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