Chetana’s resonating the sound of wealth : Arthanaad 2019
At a time when scams have become synonymous with banking and financial institutions, the Finance forum event of Chetana’s Institutes of Management and Research, “ Arthanaad 2019” with the theme ,” NBFC Crisis – A reality check” aimed at educating the business leaders of tomorrow about the challenging yet promising NBFC sector. The event held on November 22nd at the Campus premises was declared open by Dr. Madhumita Patil, CEO of CRKIMR and CIMR.
Mr. Chunduru Srinivas (Founder & CEO, VANS Skilling & Advisory) conducted a highly interactive and informative Master class about the NBFC Sector. He covered the entire gamut of the NBFC sector including their origins, importance, business model and the issues leading to the present-day crisis.
The event also witnessed a panel discussion on the current challenges facing the NBFCs and the way forward. The panelists included Mr. Sujan Sinha (Former MD, Shriram Housing Finance), Mr. Satish Mehta (Founder & CEO, Athena Advisors), Mr. Deepak Agrawal (Sr. VP, Kotak Mahindra Mutual Fund), Mr. Kamlesh Kumar Taneja (GM, Central Bank Of India). Mr. Ashish Jha (Former Associate Director of CRISIL Ltd)moderated the panel discussion. The panel during the course of its deliberations reflected on NBFC’s contribution towards the lending system of our country and how its existence was paramount to a country like ours where the formal banking sector cannot reach. The panel reiterated the vital role of NBFCs in driving the economic growth of India and that “failures of few companies shall not undermine the entire sector as it still promises a lot to offer”, enlightening Business students in the process with a simple yet influential takeaway, “ethics over anything”.
- Akash Kumar Das