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Arthanomics held at IIMK

BS Reporter  |  Chennai/ Kochi 

The Indian Institute of Management, Kozhikode (IIMK), conducted its annual finance summit, Arthanomics on September 5 and 6 at the institute campus. The event centred on the theme ‘Encountering Risk in Prudential Markets’.

Inaugurating the event, Anirban Lahiri, CEO — global market centre, Deutsche Bank, said the causative factor behind the financial crisis was bank leveraging and not the subprime market. Supporting the government intervention following the crisis like financial bailouts and interest rate reduction, he said this protected the financial sector from further damage. He also reiterated the need to push liquidity, promote spending, deleverage and to follow an approach of cautious optimism.

Enam Securities senior vice president said investors as also the global industry were seeing India as an island of growth and opportunity in the current scenario.

According to Jayan Velayudhan, director and head - credit risk – Rabo India Finance, as a fallout of the financial crisis the credit standards had been tightened and working capital of companies had been adversely affected as credit flow dries up.

A panel discussion on 'Comparative risk and government regulations' was also held as part of the seminar. Besides, a two-day workshop on ‘Mergers & Acquisition’ was conducted for the second year students. The workshop included industry experts like Bhagirat Merchant (former president, Bombay Stock Exchange), ChaitanyaKumar (founder, School of Investment Banking), (general manager, Sebi) and VS Parthasarathy (executive vice president - M&A and corporate IT, Mahindra &Mahindra).

Arthanomics ’09 was conducted by 'Financially Yours', the Finance Interest Group of

First Published: Tue, September 08 2009. 00:15 IST