Skip to main content

Prabandhan - 2016 ('Pragyan') - 'Trends in Private Wealth Management - Banking' by Mr. Anshul Garg (Director and V.P., Centrum Capital)

Mr. Anshul Garg, an alumnus of IIT Kanpur (MBA batch of 2005-07), currently the Director and V.P. at Centrum Capital Ltd, delivered a seminar on Banking and Finance as a part of ‘Pragyan’ during 'Prabandhan - 2016' . The following are the excerpts from this interactive session.
The discussion spanned across banking scenario in India, technology in banking and future scope in finance. As told by him, the motivation behind a career in banking is the fact that presently out of $5600 billion wealth in India; only $250 billion is actually in investment which he told implied a huge scope for wealth management and investment. However, building up mathematical and quantitative skills remains vital to work in this area.

He further threw some light on the tasks of wealth managers. One of the key tasks included assessing the product mix of companies and striking an ideal balance. He also explained some of the risks involved in working in the niche banking roles by providing the example of 2007-08 financial melt down. This also brought about the discussion of ethics and fraud currently prevailing in the industry.
Moving on to technology he talked about the new trend: ‘Fin tech’, which he predicted to be still in an emerging stage and purported that its impacts would be observed sometime in the future. Currently what can be seen is the emergence of account-less banking system brought about by ‘Paytm‘ and the likes of it. He stated that he perceives them as a threat to the conventional banking system. Further in the area of credit worthiness, technology is helping out in quick assessment by taking aid of S.M.S. information. Over the years technology acquisition has become cheaper. Banks are now utilizing this to reach out to a wider audience. He also predicted that bio-metrics and other identity verification systems would rope in rural masses as they make processes simpler.
Mr. Garg went on to answer further questions posed on revenue models of payment banks, competition regulation by government in banking and the importance of analytics in finance. He closed the seminar by providing insights on how cash flow is becoming the tool for credit rating and the fact that we are currently the beta testers for the technology which will eventually be aiding the rural population and the masses in the long run.

Comments

Popular posts from this blog

An Introduction to the batch of 2019-21

It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change." A new zeal, vigour, and an unquenchable thirst for proving oneself is what describes MBA batch of 2019-21. 52 of us set foot on the pavement of a new journey and needless to say it has been unprecedented. Be it the early morning presentations, the stark midnight deadlines, or the never-ending case studies covering the gamut of concepts and context, each one of these activities can vouch for it. It has hardly been a month, yet the batch has acclimatized well with the life of one the most coveted institutes in the country, IIT Kanpur.
For most of us, this is the desired path, and for the rest, it is an opportunity to relive their school days. Since we are in a place that has no norm and instead offers endless diversity, there will always be something that entertains and challenges us. It is time we took this opportunity to build a lasting relationship with our c…

The 2018-20 batch, an initiation!

Time to take a plunge –  2018-2020Batch


The journey of a thousand miles begins with a single step
                                                                                            – Lao Tzu.

The energy of the Indian subcontinent unified at the gates of IIT Kanpur when we started our much- awaited journey of MBA. The pre-assignments and admission process gave us a much-needed glimpse of life ahead of us. With all glittering hopes, we, the 54 minds embarked on an endeavour to achieve our dreams and here we are, introducing our remarkable 2018-2020 batch with immense pride and responsibility wearing the badge of IIT Kanpur.

For most of us, who have prior work experience, it is a back to school time and for the rest, it is an aspired path by choice, now that we are in our new home, it is time for us to build an everlasting relationship with our peers and let the world know about us. With the get-up-and-go attitude, the diversity of the 2018-2020 batch is one of a kind with studen…

Tips from Top, Digital Marketing – A Key Perspective by Mr Vikash Kumar and Mr. Mohit Goel (Trident Ltd)

Mr Vikash Kumar, Chief Digital Officer at Trident Group India Ltd, visited the IME department at IIT Kanpur along with his colleague Mr Mohit Goel, GM at Digital Trident, on the 3rd of September, 2016. Talking about the changing scenario of digital marketing and the challenges and opportunities that it poses for today’s marketing managers, he shared his insights as the Chief Digital Officer of the textile giant Trident India Ltd, about the marketing and branding strategies being followed in the current scenario.

Mr Kumar stressed upon keeping the session as informal and interactive as possible, making it into a dialogue rather than a one-way lecture. He started with defining digital marketing as a medium that provides two way flow of information or communication on world wide web. He emphasized on how the rapidly changing world of digital marketing has made textbook knowledge insufficient, and further emphasized the importance of learning on the job, staying unique, and believing in o…