Cracking The 'Role Of The Financial Sector In The Making Of India', At FINBUZZ 2012

FINBUZZ 2012, organised on the 19th of October 2012 by Finesse, the Finance Forum of SCMS - Cochin, focussed on the theme of 'India in the Making - Role of the Financial Sector'.

FINBUZZ 2012, the Finance Forum of SCMS - Cochin, focussed on the theme of 'India in the Making - Role of the Financial Sector'organised on the 19th of October 2012 by Finesse. Held in the SCMS-Cochin auditorium, the inaugural session was a personality-rich affair. After the wonderfully warm welcome address by Dr. V. Raman Nair, Director, SCMS-Cochin, the stage was set for the inaugural address by Mr. P.C. Cyriac, Chairman, Cochin Stock Exchange. Mr. Cyriac brought in the macro perspective, emphasising the need for the Government to take the right decisions at the right time. "The price hike of Petroleum products is now a necessity," Mr. Cyriac pointed out. "Problems such as these add up to a bigger problem for the economy in the form of the increasing fiscal deficit and rising subsidy bills." Mr. Cyriac, however, seemed bullish about the advantages that India has over other countries in terms of its demographic dividend.

The inaugural session also saw Mr. C.V. George, General Manager - R.B.I, deliver his keynote speech. In his address, he put forward a detailed assessment of the current scenario in the banking sector and RBI's role in it.

The last speaker in the inaugural session, Mr. Jose Mohan was easily the most entertaining of the speakers, starting out by singing a couple of lines from a popular Malayalam song! His light-hearted way of conveying the nuances of marketing financial products made for the perfect run-up to the following technical sessions.

The first technical session chaired by the Dean of Academics of SCMS-Cochin, Dr. Filomina George, had eminent keynote speakers in Mr. V. Nagappan, Director MSE, and Mr. Alex K. Babu, MD Hedge Equities, who debated the role of the Capital Market and its contribution to the Indian success story.

Session 2 focused on the Banking sector and was chaired by Professor A.V. Jose. The keynote speakers for the session were Mr. I.N. Suresh Kumar, AGM, SBI, and Mr. Balagopal B., AGM - Marketing, SBI.

The third and final session of FINBUZZ 2012, under the chairmanship of Professor V. Srinivasan, looked at the Insurance Sector. The corporate honchos who were the discussants in this session were Mr. S.V. Balaji, Zonal Head, IDBI, and Mr. Jayamohan T., Regional Head, Reliance Insurance.