September 21, 2013Hotel Le Meridien

New Delhi

XXVI ANNUAL CONVENTION

Indian Financial Order:Exploring New Dimensions

Association of Finance & Control (AFCON)Student Body of

Department of Financial StudiesUniversity of Delhi

ABOUT CONVENTION

The Master of Finance & Control program is the flagship course of the Department of Financial Studies,

University of Delhi. It is a specialized course, established in 1987, with its curriculum deeply rooted in the

intricacies of Finance. A fine blend of technical and management aspects of Finance, it is an endeavour that

has created efficient and prudent industry professionals for the past 26 years.Panel discussions, guest lectures, professional workshops, travel-and-learn programs and corporate

leadership seminars ensure that the students are well-equipped and have working knowledge of the industry.

The Annual Convention is a focal event at MFC, the convention serves as an interface between industry

perceptions and theoretical concepts

The Annual Convention at MFC, organized by its student body AFCON, is the culmination of views

emanating from an idea. The XXVI Annual convention pegs itself to be a grand occasion following the

glittering tradition of its predecessors. With legacy of more than quarter of a century, the event has witnessed

presence of many eminent personalities from the Corporate world, Ministries and Regulatory Boards. The

event revolves around a theme that highlights interesting issues and challenges in the domain of finance and

enables the attendees to understand the myriad opinions and solutions to them. It provides insights to the

students, in the process of becoming professionals, an enables them to think like successful leaders.

The 26th Annual Convention on “Indian Financial Order: Exploring New Dimensions” is a platform that will

congregate prominent professionals from industry and erudite academicians to have enlightening discussions

on the emerging importance of corporate governance and the future of the Indian Banking Sector and

technical sessions on contemporary issues in the Indian Financial System.

master of finance & control

Panel Discussion 1Banking in India: The Road Ahead

•• Financial Inclusion: The Long-standing Goal

• Sustainable Finance: Social and Green Banking

• NPA Management: Risk Mitigation

Opportunities and Obstacles in the changing scenario

Key Issues

With the progress towards an open economy, the Indian banking sector has undergone paradigm shift in its

scope, content, structure, functions and governance. The metamorphosis will ensure a road entirely different

from the tracks traversed hitherto. The new banking licences are the harbingers of a challenging turf that will

witness tactical strategies deployed by the banks to retain their profitability and competitive edge. In response

to the changing environment, Indian banks today are aiming to fortify their ability to perform several financial

functions - business planning for their retail customers, raising capital for the mid-market segment, tax-related

services, selling mutual funds and insurance, among other things. The opportunities and obstacles that await in

the future remain to be explored and conquered, and that will be the centre of discussion in the session on

“Banking in India: The Road Ahead”.

Panel Discussion 2Corporate Governance: Towards Better-Managed Companies

• Rights and Equitable Treatment of Shareholders and Stakeholders

• Integrity and Ethical Behaviour

• Disclosure and Transparency

• Corporate Social Responsibility

• Companies Bill Amendments

Key Issues

The essence of good corporate governance is ensuring trustworthy relations between the corporation and its

stakeholders. Therefore, good governance involves a lot more than compliance, it should also exhibit broader

social and institutional dimensions. The board of directors is one of the most important elements in corporate

structures, because it is the tone at the top determines the tune in the middle. Elements such as secure private

property rights, functioning judiciary, and free press are necessary to translate corporate governance laws and

regulations into on-the-ground practice. With the Parliament ushering in the new Companies Bill, the business

landscape stands transformed and there is a sense of optimism about the framework for corporate governance.

Taking cognizance of the same, we discuss the significance of establishing robust governance structures in

“Corporate Governance: Towards Better-Managed Companies”.

Technical Sessions

NBFCs: New Banking Licenses

Innovation in Financial Products

With the goal of expansion of banking services in the country, RBI has released final guidelines for issuing

new banking licenses. As big corporate houses evaluate options and consider entering the industry, there

remain certain challenges before them and the industry in foraying into the banking domain. Also with this,

certain questions stand out to be answered like what will be the challenges for new players in building a

customer base? What are the other barriers to entry post issuance of licenses? How is the banking industry of

the country going to respond in near future? What product & process innovation can be expected in the

industry with the growing competition?

The world of finance has a certain dynamism and vigour attached to it. It needs a brush of new ideas and

innovation, in line with changing investor preferences and the economic cycle. But today’s complex financial

products are featured with significant overlapping in terms of benefits and cost associated. There have been

several innovations from cost-saving ones to revenue-enhancing ones, and from in-house developments to

outsourced ones. The stern regulatory watch coupled with the complexity in understanding of these products

pose certain challenges in their development. So the question arises, what is the scope of evolution of such

innovative products in India? What are the challenges faced by the firms developing them and what are the

ways they could make their products more attractive in a crowded marketplace like India?

Technical Sessions

The Rupee in Dol(lar)drums

The rupee has borne the brunt for poor policy decisions by the Centre in the recent past. The resilient strength

in the currency seems to have faded and we possibly stand more exposed to external shocks than ever before.

The loss of tools at the disposal of the central bank and effective combative measures to insulate the currency

is a problem that needs to be addressed immediately. What will cement the confidence of foreign investors

who exited India due to fears of a liquidity crunch abroad? What measures will lift the rupee from its lifetime

low? What will ensure better resilience of the rupee to future shocks?

Transforming Risk Management: Need of the Hour

Given an environment with continuing economic uncertainty and unfortunate risk events in companies across

the globe, there are hardly any arguments against a sharper focus on risk management practices. Waves of

systemic failure across the financial sector have led to a sense of scepticism about the existing risk

management framework, which largely emphasise on change in government regulations and other similar

circumstances. How do we regulate a complex world with imperfectly informed agents who make inefficient

choices? What are the challenges faced in managing counterparty risk, funding risk and liquidity risk? What

role does the psychology of risk play in pricing money market funds?

Mr. T. Ravi Shankar

Mr. Navin Nambiar

Mr. Rajesh Sood

Mr. Gunit Chadha

Ms. Vibha Batra

Mr. Pallav Sinha

Mr. Sanjiv Saraff

Mr. Ashok Jha

Mr. Pramod Kumar

Mr. Juergen Feidler

Director, RBI

DGM, RBI

Sr. VP, Bank of America-Merrill Lynch

CEO, Deutsche Bank

Co-Head, Financial Sector Ratings, ICRA

Co-Founder and CEO, Fullerton Securities

Sr. VP, Investment Banking, ICICI Securities

Chairman, MCX-SX

MD, Barclays Capital

Director, Deutsche Bank Operations

Mr. Shrinivas Murthy

Mr. R.K. Nair

Mr. Vinod Pande

Mr. Saurabh Chawla

Mrs. Laxmi Iyer

Mr. Sachindra Nath

Mr. Jean Francois Pierron

Mr. D.V.S.S.V. Rao

Mr. Akshay Chaturvedi

Mr. Sunil Pant

VP- Retail Banking, HDFC Bank

ED, SEBI

Sr. VP & Head, SBI Capital

Exec VP, DLF

Head, Kotak Mutual Funds

Group CEO, Religare

Director, IBM France

MD, PNB Gilt

DGM, ICICI Bank

CGM, SBI

Prominent Speakers In The Past

Contact us

Sartaj Singh Saroha

Convention Team

+91- 9717640829

E-mail: convention2013@mfc.edu

Varunn Kaushik

President

+91-9873975354

E-mail: afcon@mfc.edu

Website: www.mfc.edu

Secretary,