Symbiosis School of Banking and Finance

 Symbiosis International University
(Established under section 3 of the UGC Act 1956, by notification No. F.9-12/2001-U3 Government of India)
Re-accredited by NAAC with “A” Grade

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January 2017 : Guest Lecture by Dr. Sandra Mortal

        1.GL by Sandra Mortal          2.GL by Sandra Mortal

  On 10th January 2017, we had the privilege of attending a guest lecture by Dr. Sandra Mortal on the topic of “Market Efficiency and Mergers & Acquisitions”. Dr. Mortal is an Associate Professor, Dept. of Finance, Fogelman College of Business & Economics, University of Memphis. She has also been associated with SEC in the past and her areas of interest include Market Microstructure & Corporate Finance.
She began the lecture by explaining the concept of ‘Efficient Market Hypothesis’ & ‘Random Walk Theory’. Dr. Mortal went on to explain the ‘Random Walk Theory’; ensuring the lucid understanding of the underlying concept by involving everyone in the construction on an Excel worksheet by taking historical prices. She further went on to explain the different factors that affect market efficiency, various forms of Efficient Markets like Weak, Semi-strong and Strong Markets. Then she spoke about mergers or acquisitions and how the stock prices of both the target company & acquiring company behave upon such an announcement and how efficient market theory is linked to it. Finally, she put forth the various arguments that support as well as reject the Efficient Market Hypothesis and also discussed the veracity of whether markets can be 100 percent efficient or not.
It was an extremely enriching experience for the participants and helped us all to understand very important aspect of markets which were superbly explained in very simple terms by Dr. Sandra Mortal.

 

December 2016: Guest Lecture by Mr. Gautam Puntambekar (SSBF advisory board member)

Title/ Topic: Demonetisation & Banking Sector in India

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It was a very informative and engrossing interaction on recent move by the Government to
demonetize and its impact on the Banking sector. Demonetisation a movement to curb
corruption, terrorism as well as crack down on black money in the country. The decision of ban
on 500 & 1000 currency notes met with mixed reaction. The Government claimed that
demonetization would clean the complete economic system increase the size of the economy &
revenue base.The interaction focused on the key aspects of how its going to change banking
per se & the economic environment thereof. The students got to understand the nuances &
were able to have an insight into this economic phenomenon of "Demonetisation".
We are thankful to Mr. Gautam Puntambekar for sparing his valuable time and interacting with
our students.

December 2016: Workshop by Edelweiss

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The Edelweiss Group is one of India's leading diversified financial services company providing a broad range of financial products and services to a substantial and diversified client base that includes corporations, institutions and individuals. They are dedicated to building long term relationships with clients and their approach is to understand the financial needs of customers and recommend investment options in a simple manner.
In December 2016, Edelweiss conducted a Financial Learning Seminar at SSBF. It was a skill enhancement seminar on Stock investing, Financial Planning and Wealth Management. It was activity based learning session which made students realise the importance of recognizing their risk appetite. The focus should not only be on the goals but also on the risks involved in achieving those goals and the level of risk one can take.

By the end, the take away of the session was to invest sensibly and enjoy its benefits and to achieve this one should focus on the below points:
• Start early
• Know the risk involved
• Know your ability to take risk
• Select the right investment instrument
• Give time for your funds to grow
• Review your portfolio every quarter or 6 months
Along with this, they also gave the students tips for selecting the most suitable financial instrument:
• Nature of the need – your basic purpose for investment
• Time horizon- locking period involved
• Rate of return that you can earn
• Liquidity of the product
• Tax benefits attached to it
The seminar was extremely interactive and filled with learnings. It left the students enriched for life time. 

November 2016: Guest Lecture by Mr. Prateek Tiwari

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 We the students at SSBF had the privilege to interact with Mr. Prateek Tiwari, Assistant Vice-President & Cluster Head at HDFC AMC regarding “Financial Market and Economy”. He started off with discussing the GDP growth and its factors and interestingly drew our attention towards how India’s economy is consumer driven and not investment driven. He then educated the class regarding the different Asset Classes and its importance for Wealth generation.
He cautioned us about the disruption that is coming up in various fields due to technology advancement and supported his point with examples of Robotics in banking and Tesla’s latest launch. He also explicated the opportunities available in the future.
He concluded the session by motivating us to keep updating ourselves with the changes in the field of Finance and Economics and introduced the concept of “Mental Accounting”.

November 2016 : GUEST LECTURE – MACQUARIE UNIVERSITY

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On 16th November, 2016 the 2016-18 batch of Symbiosis School of Banking and Finance had an opportunity to interact with Professor Kevin Jameson – Executive Dean, Faculty of Business and Economics, Macquarie University, along with Professor Philomena Leung - Associate Dean, Ms. Deidre Anderson -Deputy Vice-Chancellor (Students) and Registrar, Ms. Zarana Shah (Country Manager, India) and Mr. Abizer Merchant - Director (South Asia & The Middle East).
Prof. Jameson started the day’s session by speaking on “Future of the Finance Industry - 10 tips for aspiring finance professionals”. He began by introducing the group to the current picture of the finance industry covering the opportunities available as professionals of the Banking Financial Services and Insurance sector and possible future scenarios. He laid stress on describing the evolution of the BFSI industry over time, to what it is today and what it is expected to be in the future. The session gave the young, bright minds the much needed clarity. Mr. Jameson threw light on how, as young professionals of tomorrow, to be well equipped to deal with the changes in the time to come. He also spoke about how technology has evolved to be of vital support in this promising sector and how it will keep evolving.
The interaction concluded with a discussion session giving students the opportunity to speak with the guest lecturer for further clarity. The guests also shed some light on the opportunities available at Macquarie University and in different universities across different countries as exchange students and as full time students.
The knowledge shared on and briefing of the domestic and global financial industry left the students motivated and enlightened with a deeper insight on the varies roles and careers that await for them in the months to come.

July 2016 : Guest lecture by Ms.Sonia Gandhi

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The 2016-17 academic year started off on a bright note with the young future bankers from SSBF having the privilege to be addressed by a very distinguished lady, Ms. Sonia Gandhi, who has served as the Vice president at J P Morgan and the Director at PNB Paribas, who presently is an active volunteer with Indian Association of Investment Professionals, CFA India Society to promote the highest standards of ethics, and professional excellence in the Investment Industry, represent the society on CFA Institute's global 'Society Brand Council. The topic for discussion was “Ethics in Investment Management/ Financial Markets”.
The talk opened with the concept of good judgement by taking us through a brief history of the various crises and bubbles of the financial system such as the Tulip Speculation of 1633, the Railroad Boom of 1860 and Panic of 1873 and the Bull Market run-up of 1920.
She further drew on scandals involving VW, Mitsubishi and Suzuki which have rocked the automobile industry of late; emphasizing the need to be ethically conscious and vigilant. Various issues common to the financial crises were pointed out, especially the convenient tendency of suiting the condition of borderline legality. Quite truly, she pointed out how we seldom ask the question of whether an action is unethical as long as the action it is not illegal.
Ms. Gandhi proceeded next to the fundamental ethical principles. With the detailed example of the very prominent case of ‘Insider Trading’ perpetrated by Rajat Gupta at Goldman Sachs, she highlighted the need for enhanced ethical mindfulness and the importance of reasonable care and prudent judgement in our lives. She next spoke of Situational v/s Dispositional Influences with reference to the stirring examples of young and ambitious investment banking professionals Tom Hayes and Kweku Adoboli who had tried to work the system and ended up being on the wrong side of the law. She emphasized on the fiduciary duty to work for the benefit of the clients; warning us at the same time to perceive change correctly and to manage conflict of interest in the minefield of our professional lives and careers and full and fair disclosure should be the order of the day. Being in the BFSI sector, one should bear in mind the principles of confidentiality and due diligence.
It was a very insightful and inspiring talk by Ms. Gandhi which had the whole audience captivated. The interaction helped many to do soul searching and is sure to leave a positive and long standing impact on the minds and judgements of the students.
The student fraternity of SSBF is highly gratified by the experience and whole heartedly thanks Ms. Gandhi for her time and effort.

 

 December 2015 : Guest lecture by Dr. Patrick McConnell on “Why strategies fail?”

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Honorary Fellow, Macquarie University, Applied Finance Centre Dr. Patrick McConnell, having a varied experience of more than 30 years in the field of finance, working with banks and other financial institutions in the U.S., Europe and Australia, gave us an insight into the reasons of ‘Why strategies fail?’. By taking up various case studies on the big shots of the financial world like Citibank and JP Morgan he taught us how risk plays an integral role in determining the success of the strategy followed by a company. In the current economic scenario which is dominated by dynamism factoring in the risk while making various decisions related to the organization becomes integral.’ There were various questions put up by the students on how to handle the risk faced by the firms, which led to a healthy discussion on contemporary topics. The lecture was attended by students and faculty from SIBM, Pune, SIMS, Khadki, Pune. Hosted by SSBF faculty and students.

August 2015: Guest Lecture by Mr.Sanjiv Bajaj

The event commenced with the welcome of the chief guest by the student comparers Simon and Nikita. The guest students for the event were SIBM Finance students.

The Principal Director of Symbiosis , Dr. Vidya Yeravdekar delivered the welcome address. She spoke about what colleges like SSBF can give students beyond classrooms and to facilitate the same, stalwarts from the industry like Mr. Sanjiv Bajaj are called to grace important occasions like CEO interactions and Q&A sessions.
The chief guest was introduced by Ms. Nikita.
The guest Mr.Sanjiv Bajaj addressed and enlightened the gathering. He commenced his speech by talking a bit about education at Harvard, back in 1995, wherein he stated that some of the finest people in the industry back then were the oldest. Technology was only for the geeks. Changing times have brought the youth to head important positions in any company. Access to capital played an important role back then. Companies now are not following the traditional norm of business. He received the best CFO award in 2005.
Mr. Bajaj highlighted the importance of ambition and dreams stating that, “Dream and money will find you.”
Mr. Bajaj shared some important life lessons which were:
1. It’s okay to be stupid-Ask questions, build a very strong foundation of basic knowledge
2. Failure is the only path to stupendous success- Mr. Bajaj spoke about the time when Bajaj Finserv was founded in 2007 and how the company sailed through tough times to become one of India’s leading companies.
3. Innovation only comes through thinking different- Bajaj Finserv started focusing on their insurance business by concentrating on top 30-40 cities. This was done through their Joint Venture with Allianz. In the first year of the company, only 30000 consumer durable loans were given among banks which has grown to 350000 loans p.m, present day.
4. Be passionate-Referring to passion for one’s aims, Mr. Bajaj said that building a business is like running a marathon. Growth in the last 7 years is driven by the top management; every successful person believes in the impossible.
Mr. Bajaj also focused on the importance of networking for MBA students and the importance of long lasting friendships. He mentioned that the Financial Services are growing up to 2-3% p.a. Investment in financial technology companies in the country is important. August is a significant time for business. He stressed that the finance is simple and how new emerging companies can leapfrog and adopt new technology more easily than the established ones.
Some of the questions that were discussed as a part of the Q&A round were, the next step for Bajaj in innovation, focus of e-commerce companies to attract customers, what private insurers should do to increase penetration, difference in the style of management of Rahul Bajaj and Sanjiv Bajaj, how did Bajaj react when they were not issued the banking licence by RBI, how can finance be taken to the common man etc.
The event ended with the Director of SSBF Dr. Manisha Ketkar delivering the vote of thanks.
The event was a grand success and very fruitful which left the students of SSBF and fellow attendees of SIBM finance with greater confidence to pursue their goals.

{slider=Guest lecture by Mr. Soumya Padhi}

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 In order to provide more insight into the field of stock market functioning, our college arranged for a guest lecture by inviting Mr. Soumya Padhi, Head of Prop and Retail Desk, Bombay Stock (BSE) for an interaction with our students on 19 September, 2015.
The session was kick started with an introduction of Mr. Soumya Padhi. Mr. Padhi spared a couple of minutes for a quick run through the profile preferences of the first year students which enabled him to understand the batch composition. There were a number of basic questions in the beginning that Mr. Padhi put across and dealt with; “Why do you think that anyone is going to give you one's hard earned money to manage in the first place?”, "How would the credit and the risk analysts of tomorrow be well equipped unless they had the prior exposure of safeguarding their own investments by trading in the stock market?", "As a fund manager whose funds is one going to manage?".
Throughout the lecture, talked about the skills, competence, confidence and flexibility requirements related to various job profiles in the BFSI sector in order to enable the students gain more clarity. The profiles he covered were of wealth manager, fund manager, relationship manager, venture capitalist, credit analyst, risk analyst/ manager, business analyst and sales and marketing executive. He enlightened the students with simple but effective techniques to smoothly sail through job interviews. Besides the above, Mr. Padhi also gave some entrepreneurial ideas at the end of the session to instill a thought provoking note in the young minds.
Mr. Padhi ended the session with a quote, “Life is all about learning, comes lesson by lesson and in the end, an experience” and an assurance of a guided BSE tour for the students of Symbiosis School of Banking and Finance.
In short, this discussion was very fruitful and helped the students to gain a more clear perspective regarding the scope and their standing in the BFSI industry.

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{slider=INVESTOR AWARENESS PROGRAM}

In order to reinforce academic knowledge with practical insights in the learners, SSBF invited Mr. Sameer Gokhale of Reliance Capital on 8th of August 2015 to enlighten the students and future investment bankers, on the merits of investing money intelligently especially through Mutual Funds investments. Customized Financial Planning pans our finances at different points of time. Hence, Mr. Gokhale stated that to fulfill the desires and the needs at various stages of life earnings, consumption, savings and inflation must be taken into account.
He then explained the Investment menu card, specifying the returns on various asset classes and illustrating that while the return on a Fixed Deposit ranges between 5.7 – 8.5% it is linked to the market conditions in case of Mutual funds. He also cautioned the audience to be careful while investing in a financial instrument and advised them to invest only if need be. Then, he highlighted the important factors like Liquidity, Convenience, Post-Tax returns and Inflation that must be considered while making an investment. He pointed out that the returns on Mutual Fund investments are made tax free after 1 year, and are compounded annually.
Mr. Gokhale demonstrated the power of Compound interest and quoted Albert Einstein:
‘Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it’.
The students gained in-depth knowledge on Mutual Fund investments and were encouraged to get into the habit of saving and Investing as it will aid in shaping our future.

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{slider=Gender Sensitization}

In times when talks on the need for equality between men and women are gaining popularity, the topic of Gender sensitivity marks its prominence. Being a college focused towards holistic development of its students, SSBF took pleasure in inviting two eminent women academicians Ms. Renuka Mukadam, a Consultant at SATHI-CEHAT, Pune and Prof. Surya, a Faculty of Symbiosis Law College, Pune for a workshop on “Gender Sensitization” on the 6th of August 2015 from 3pm to 5pm.
Ms. Renuka Mukadam focused on the importance and need for gender sensitization and the concepts of sex and gender. A small activity on gender reversal was conducted wherein the students were asked to express their views while assuming themselves as one from the other sex. The other areas that were touched upon were the discrimination between male and female sexes in the society, the concepts of patriarchy, masculinity and femininity, the oppression of women in media and college campuses and also what responsible colleges like ours can do to tackle these. Besides the above, Gender stereotyping and its ill-effects were also highlighted through videos.
Prof. Surya made us aware of the various laws in place to safeguard the interests of women in campuses and at workplaces. Some of the prime topics covered were constitutional provisions, legal frameworks, women specific legislations, legislative safeguards, remedies available to women in difficult situations and how men can show their support etc.
On the whole, the workshop left the students of SSBF enriched and sensitized to the call for equality between the sexes and the need to eliminate stereotypes against women in all walks of life.

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The Stalwarts from the BFSI sector on SSBF campus

Sanjivbajaj

Mr.Sanjiv Bajaj
MD Bajaj Finserv Ltd.
MD Bajaj Holdings and Investment Ltd.

 

shikha sharma

 

Mrs. Shikha Sharma
MD and CEO
Axis Bank

s vishwanathan

 

Mr. S Vishwanathan
MD
State Bank of India

 
c v rajendran

 

Mr. C V Rajendran
Chairman and MD
Andhra Bank

hemant contractor

 

Mr. Hemant Contractor
MD and Group Executive
State Bank of India

 
anand sinha

 

Mr. Anand Sinha    
Ex Deputy Governor    
Reserve Bank of India

v g kannan

 

Mr. V G Kannan
MD, Group Executive of Associate & Subsidiaries, Director and Member of Central Management Committee
State Bank of India


Guest Speaker

Designation

Organization

Mr.Sanjiv Bajaj MD

Bajaj Finserv Ltd. , Bajaj Holdings and Investment Ltd.

Mrs. Shikha Sharma

MD & CEO

Axis Bank

Mr. S. Vishvanathan

MD

State Bank of India

Mr. Soumya K. Padhi

Head – Prop & Retail Business Div.

Bombay Stock Exchange, Mumbai

Mr. Ramesh Padmanabhan

Head – Strategic Initiatives

Abudhabi Commercial Bank, Mumbai

Mr. Saptarishi Bhattacharya

Head – Talent Acquisition & HR Analytics

Bajaj Allianz General Insurance Co.

Mr. Shishir Pundlik

Sr. Vice President & Head, Corporate & Investment Banking

Credit Agriculture Bank, CIB, Pune

Mr. Harihar Krishnamoorthy

Treasurer

First Rand Bank, Mumbai

Mr. Jagjit Singh

Country HR Director

Deutsche Bank Operations Int.

Mr. V.G. Kannan

Coo & President

SBI Capital Markets

Mr. V. Ravikumar

Faculty

SIBM, Bengaluru

Mr. Jayan Vellayodhan

Head – Credit Risk Management

RABO Bank NV, India (Mumbai)

Mr. C.V. Rajendran

Chairman and MD

Andhra Bank

Mr. Prabhat Kumar

Associate Prof.

Bharati Vidyapeeth Deemed University

Mr. A.G. Joshi

Former CMD

Dena Bank

Mr. Hemant Contractor

MD & Group Executive

State Bank of India

Mr. A. Sinha

Deputy Governor

RBI Mumbai

Mr. C.V.R. Rajendran

ED

Bank of Maharashtra

Mr. Pankaj Sinha

IFC New Delhi

 

Mr. Ravi Rajan

Ex. V.P

Clearing Corporation of India Ltd.

Mr. Bhaskar Babu

CEO

Suryoday Microfinance Pvt. Ltd.

Mr. Amit Kumar

Sr. Executive VP

HDFC Bank Ltd.

Mr. Malla R. Murthy

Executive Director

The Royal Bank of Scotland

Mrs. Ranjana Kumar

Former CMD

Indian  Bank

Ms. Anjali Mullati

MD CEO

FLIP

Mr. Saif Ahmed

Managing Partner

 

Mr. Alok Sheopurkar

Sr. VP & Head - HR

HDFC Asset Management Co.

Ms. Kamala Rajan

Principal

RBI College of Agriculture Banking

Mr. Alok Sheopurkar

Sr. VP & Head - HR

HDFC AMC Ltd. Mumbai

Mr. Makrand Khatavkar

MD & Head - HR

Deutsche Bank (India)

Prof. PNN Iyer

Ex. Coach & Corporate Consultant

Corporate Trainer

Mr. Nandakishor Desai

Director

Bank of India

Mr. M.N. Gopinath

Chairperson

ICICI Prudential Trust Ltd.

 

Corporate Interface – Workshops
5th International Workshop on Quantitative Finance

The 5th International Workshop on Quantitative Finance was organized at Symbiosis International University (SIU) Pune, India from 21st to 24th December 2013.
We at SSBF warmly acknowledge the contributions of the resource persons, participants and the Management of the various colleges and institutes without which this workshop would have not been the success that it has been.
The workshop was jointly conducted by:

  1. Institute for Development and Research in Banking Technology (IDRBT)India
  2. Indira Gandhi Institute of Development Research(IGIDR)India
  3. Industrial and Management Engineering (IME)Department: IIT Kanpur India
  4. Lally School of Management Rensselaer Polytechnic Institute USA and
  5. Symbiosis School of Banking and Finance (SSBF) Symbiosis International University India.

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With an optimum blend of theory and practical insights the workshop provided the participants with a hands on experience on different Quantitative and Mathematical modelling techniques like Statistical Estimation Optimization Time Series Analysis and Stochastic Calculus to name a few. Spread over four days the topics covered included Capital Asset Pricing Model (CAPM) APT Derivative pricing Mutual Funds Risk Management and Investment Performance Measures and Valuation.
The workshop was facilitated by highly distinguished resource persons from the collaborating institutions as well as other stalwarts from the academia and industry with an expertise in the domain of Financial Economics Financial Engineering and Management and Statistics and Financial Mathematics. The resource persons included:

  • Prof. V.N.Sastry IDRBT
  • Prof.Subrata SarkarIGIDR
  • Prof. Raghu N.Sengupta IIT Kanpur
  • Prof.Puneet Prakash IIT Kanpur
  • Prof.Aparna Gupta RPI (USA)
  • Prof.Ravi Kulkarni SIU
  • Prof.Rajas Parchure Gokhale Institute of Politics & Economics
  • Mr.Joel Pannikot Bloomberg
  • Mr.Puneet Saxena Bloomberg

The IWQF was attended by 27 participants who included 5 industry professionals 11 members of the academic fraternity and 11 research scholars. The participants were selected on the basis of their Curriculum Vitae work experience and references. The inputs of the resource persons were well received by all the participants and they were appreciative of the efforts put in by the collaborating Institutes in organising the workshop. According to the participants the workshop not only provided them with a unique opportunity to enhance their problem solving capabilities in different areas of Quantitative Finance but also helped increase their job skill set through a stimulating interaction with the members of academia and industry.

Please await the announcement of the 6th IWQF workshop soon

Workshop on Mergers & Acquisitions

Resource Person: Dr. Nilanjan Sen

Associate Dean & Associate Professor,

Division of Banking and Finance,

Nanyang Business School

Nanyang Technological University

Singapore

One of the main goals of internationalization of higher education is to provide the most relevant education to the students, who will be the citizens & entrepreneurs of tomorrow.

As part of SSBF's international initiatives we had invited Dr. Nilanjan Sen, Associate Dean & Associate Professor, Division of Banking and Finance, Nanyang Business School, Nanyang Technological University, Singapore to conduct a workshop on Mergers & Acquisitions.
The workshop was well received by students. The students found the workshop very useful & enriching in terms of insights they got into mergers & acquisitions.

For Dr. Sen's details visit:
http://www3.cni.ntu.edu.sg/programs/pdp/faculty_ans.shtml

Student Feedback on the workshop:

"Amazing experience, very practical & highly informative session" - Mirza Uzair

"Extremely enriching experience, it was a treat listening to the faculty.

We would like to have him more at SSBF" - Mohammad Ashraf

"Very nice, gave a global perspective to Mergers and Acquisition." - Amit Kumar

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