Finance Continuum

The Finance Continuum was organized on 23rd August 2015, which provided a platform to discuss the various pressing issues and topics being faced in the finance domain.

The theme reflecting the current trends and challenges facing the finance managers was:


“Growth of Financial Sector – Opportunities and Challenges Ahead”

After decades of ‘financial repression’, most countries are today undergoing changes at a stellar pace in an attempt to reduce or eliminate distortions in financial markets, deepen the financial sector and strengthen financial institutions. Trade liberalization has contributed significantly to these changes. Today technology is changing the very basic ways in which business is conducted and the financial sector is no exception. Technological developments are changing the nature of the financial system, modifying the organization of financial activity, and challenging the dominance of traditional distribution channels. Some of the very good examples of technology effecting financial sector are mobile payments, internet banking etc.

Technological developments have also led to blurring of boundaries between various financial services institutions. With blurring boundaries in the financial services industry, the differences between financial institutions have been narrowed, and an increasing number of competitive services and products are being offered by different types of institutions. Be it Commercial banks getting an entry into the investment banking sector, finance companies providing banking products, or insurance companies providing different forms of financing.

Financial services have become increasingly globalized over the years. The presence of foreign financial services providers in national markets has grown significantly in the last two decades. Market shares of majority foreign-owned banks increased dramatically in East Asia, Eastern Europe and Latin America, exceeding 50 per cent of the market in many cases.

Moreover, the current government has taken initiatives towards deep financial inclusion in the country which can only be achieved by efficient, innovative and holistic technological models. These kinds of projects would call for disruptive technologies and superior infrastructure support.

All these changes have brought about a slew of opportunities for the managers. It has opened new unchartered avenues for them at the same time it has presented challenges in the sense that the financial institutions need to be really agile and nimble to be able to take an advantage of these changes.


The sub themes for the year were as follows:


1. Financial Inclusion in India - Moving Beyond Bank Accounts


2. Impact of GST on Indian Economy


3. Financial Engineering: Creating Innovative solutions to tackle increasing financial complexity


4. Technology: Disrupting Financial Services at a quickening pace


5. Effect of Change in GDP Measures


6. Digital Payments: Growth Driver in Micro payment Space


7. Alternate Capital Raising Platform: Impact on Indian Startup Scenario


The following dignitaries participated in the Finance 2015 on August 23rd, 2015 at SJMSOM, IIT Bombay

·         Mr. Brijmohan Soni – Head of Finance, Senior Vice President- Jefferies India

·         Dr. Ibotombi Longjam  VP and Head of India CoE, Global Modeling Oversight at Citi India

·         Mr. Amit Agarwal- Practice Head- Liability JLT India

·         Mr. Kishore Nair- Campus Head of Risk Modeling at ANZ

·         Mr. Akshay Dikshit, Vice President and Head,Financial Services, Investment Banking at HDFC Bank

·         Mr. Arun Thukral - MD and CEO of Axis Securities