The Indian Institute of Management Kozhikode’s (IIMK) Centre of Excellence in Macroeconomics, Banking, and Finance – ‘Uruppika’ in collaboration with National Stock Exchange of India Limited (NSE) successfully concluded their inaugural Conference on theme “Securing Financial Stability Amid Global Spill overs.”
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The conference commenced with an inaugural address by Dr. V. Anantha Nageswaran, Chief Economic Advisor to the Government of India, said that though geo-fragmentation was a risk, there was no evidence that the global landscape was becoming fragmented. He emphasized the challenges in diversifying or reinsuring global supply chains. He added that despite the ongoing global pandemic, India’s macroeconomic stability over the last four years was commendable.
Shri Dinesh Khara, Chairman of SBI, highlighted that Indian financial system was resilient with declining delinquencies. India could receive substantial portfolio and FDI inflows. The growth trajectory can be sustain ed by effective policy initiatives that have adeptly absorbed external shocks. Business models were changing with tectonic shifts in financial space, especially with climate shift and technology. Ashish Chauhan, MD & CEO of NSE expressed hope that the Centre would become a beacon of excellence in the academic and research world. He emphasized on the pivotal role played by the capital markets and banking sector in India’s growth story As the 4th largest capital market in the world, with a substantial valuation of 4.6 trillion US dollars, he observed that India stands as a key player alongside the likes of the US, China, and Japan.
Director IIM Kozhikode, Prof. Debashis Chatterjee in his message to the Conference shared that,”Uruppika was conceptualised as a public good. The Conference and the thought leaders present here have gone to great lengths to improve our understanding of mitigating episodes of black swans and other disruptive shocks that generate financial market turmoil.
Prof. Mridul Saggar, Head, Uruppika, IIM Kozhikode noted that the key reason why economies could weather the severe pandemic shock was the global financial regulatory reforms undertaken after the global financial crisis of 2008-09. Capital and liquidity buffers built and the financial market reforms including for CCPs protected the financial system from the shocks. He also observed that while the Chinese yuan is supported by China’s dominance of world trade, the trade invoicing and financial transactions in dollars ensure dollar dominance.
Some of the eminent speakers at the event were Ananth Narayan, Whole Time Member, SEBI, Ashu Khullar, CEO, Citibank (India), Hitendra Dave, CEO, HSBC (India), Neeraj Gambhir, Group Executive, Treasury, Markets & Wholesale Banking, Axis Bank, P. Vasudevan, ED, RBI, Vikas Bansal, WTM & Head of Amazon Pay India, Kunal Shah, Founder & CEO, CRED, Sajjid Chinoy, Member, PM Economic Advisory Council & MD & Chief Economist, J.P. Morgan, Sonal Varma, MD & Chief Economist (Asia Ex-Japan), Nomura, Shri Samiran Chakraborty, Chief Economist (India), Citibank, Viquar Shaikh, Head, Index Research Asia, JP Morgan, Shri Jayesh Mehta, Former MD & Country Treasurer, Bank of America, Tirthankar Patnaik, Chief Economist, NSE, Prof. Rudra Sensarma (IIM Kozhikode) and Prof. Aravind Sampath (IIM Kozhikode).
The valedictory session featured Mr. K.V Kamath, Chairman of Jio Financial Services, engaging in a fireside chat on “The Future of Digital Finance.” He emphasized the digital banking could substitute traditional banking in the near future. It can drive all functions such as KYC, risk management and other operations of a bank.
About Indian Institute of Management, Kozhikode: The fifth IIM to be established by Govt. of India in 1996, IIMK started its academic journey in 1997 with its flagship Postgraduate Program (PGP). The Institute is on a high growth trajectory today, offering widest range of academic programs in the field of management education. These include Doctoral Programme in Management (PhD), Executive PG Programmes, Management Development Programmes and Faculty Development Programs. IIMK set up a Satellite campus at Infopark, Kochi, in 2013 dedicated to Executive Education. IIMK has also the unique distinction of launching a PhD (Practice Track) programme for working professionals besides bringing in new dynamic courses like one-year Post Graduate programme in Business Leadership (2019) MBA in Finance and MBA in Liberal Studies & Management (2020). The institute is also home to IIMK LIVE a first-of-its-kind startup incubation programme, the Indian Business Museum and six other Centres of Excellences encompassing diverse areas. IIMK is ranked 3rd as per NIRF India Rankings 2023: Management. The institute also made its global debut for its flagship MBA and EMBA programme in the 2020/21 QS World University Rankings. In 2023, IIM Kozhikode also broke into Top-100 in Financial Times Ranking for Open Enrollment Programme (Rank #72) and Masters in Management (MBA) (Rank #77). Institute is globally accredited by EQUIS (EFMD) and AMBA (UK).
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