Bhubaneswar: InfinX, the Students Association of Masters of Business Finance, Xavier School of Commerce (XSC), Xavier University Bhubaneswar (XUB) conducted its maiden Business Conclave Privitti at the Xavier City campus. The theme of the conclave was “Indian Banks: Past Reflections and Future Ambitions”.
Finance industry veterans and faculty members including PK Mohanty (Dean, XSC), Professor Vijaya Batth (Assistant professor, XSC), Naveen Goyal(Vice president and Country Head- Supply Chain Finance, IndusInd Bank), Vijay Pandey(Associate Vice President, Mango Financial Advisors LLP) and Prithviraj Srinivas(Chief Economist, Axis Capital) were present.
Naveen Goyal briefed about the basic structure of a bank, relationship between the banking system and money: connecting with the past as well as the future. He further elucidated the prime activities of a bank, like what all does ‘Letter of Credit’ comprise and data management while comparing past trends to today’s scenario. Goyal also talked on several topics like Blockchain, P2P lending and banking innovations.
Prithviraj Srinivas, the chief economist of Axis capital, led the gathering to know about monetary policy, Gross Non-Performing Assets, and Non-Performing Assets. Srinivas also touched upon why the idea of public Asset Management Company will work in the future.
At the end, Vijay Pandey introduced the gathering to efficiency of the banking system, how it can be measured only by using financial and non-financial key indicators in all possible manners. Pandey urged the audience to be prepared of uncertainty. He further briefed about how the banks can improve their profitability, the concept of Prompt Corrective Action and different types of efficiencies.
The students present from various schools of XUB got the opportunity to have a session of question and answer with the experts from the industry.
