Samvit in National Media!

IIM Lucknow hosts leading bankers at Samvit 2010

Samvit, IIM Lucknow's Leadership Summit, ended today on a high note. The two day event drew to close today with some of the biggest names in the corporate world and economists coming down to the campus for a panel discussion. The theme for this year's event and the topic for the panel discussion, "Financial Regulation & Development in India: Challenges & Prospects" saw the very best of the corporate world and policymakers thrash out ideas that could lay down the growth platform for the country in the years to come. The Master of Ceremonies for this year's panel discussion was Mr. Bhupesh Bhandari, a senior editor with Business Standard.

The key note speakers for this year's event were - Mr. Atul Khosla (Country Head Oliver Wyman), Mr. V Bunty Bohra (CEO Goldman Sachs India), Mr. Vikas Vasal (Executive Director KPMG), Mr Sanjiv Bhasin (CEO DBS Bank) and Mr.Suresh Senapaty (CFO Wipro Ltd.) and Mr. Amitabha Ghosh (Former Governor, RBI).

 Mr. Bhandari set the tone for the event by driving home the importance of financial regulation. He said that the Indian economy has a unique identity of its own and that any resemblance it shares with the US economy in terms of structure or policies is a matter of happenstance. He also remarked upon the key roles which the soon to be instituted Financial Stability and Development Council (FSDC) has to play.

Speaking on the topic, Mr. Amitabha Ghosh (Former Governor, RBI), commended the role of RBI in formulating policies for the economic wellbeing of the economy, but was also critical about the scale and efficacy with which these policies are being implemented. He was of the opinion that instead of government bodies formulating policies, an environment of discipline wherein all the financial players have a set of "Self Regulations", a practice that once incorporated at the top level would percolate to the lower levels and ensure overall economic health.

Mr Sanjiv Bhasin (CEO DBS Bank) quipped that regulations might be something that might not go down too well with a few, but the regulation is of immense importance in the current volatile macroeconomic environment. He said that for regulations to achieve their true purpose they should be relevant to the market and the overall macroeconomic scenario. Elucidating his stance he mentioned that these regulations have a widespread impact on common people, so the regulators have to be very cautious while laying down norms.

Mr. Suresh Senapaty (CFO Wipro Ltd.) delivered a spirited speech in which he talked about the various phases of economic reforms and the importance such reforms hold for the future. He said that with limited or no social safety cover , the policy makers should come up with policies that mitigate any risks that might emerge in the capital or the debt market.Pressing on the importance of a deeper secondary debt market, Mr. Senapaty spoke about an environment of confidence in which all segments of the society can prosper.

Mr. Atul Khosla (Country Head Oliver Wyman), delved into the topic of inclusive growth. He stressed upon the enhancement of risk coverage in public as well as private markets. Mr. Khosla said that overall consumer protection should be at the apex of any policy initiative.

Mr. Vikas Vasal (Executive Director KPMG), pointed out that the focus of economic activities have shifted from the west to the east. In the new light, it is important to device strategies to tap the massive growth potential that India has. Commending the core Indian values of prudency, Mr. Vasal said that it is due to these virtues that we largely went unscathed in the worst economic crisis after the Great Depression.

Mr. V Bunty Bohra (CEO Goldman Sachs India), was of the opinion that higher inclusion and robust capital markets are the need of the hour. He also highlighted the importance of governance stability and oversight.

The discussion was followed by a Q&A session in which the students and faculty of the institute probed the leaders on a variety of topics concerning the financial sector. Samvit - 2010 drew to a close with the event Consilium - The policymaking event, in which two member teams presented their views on fiscal and monetary policy.

The two day extravaganzas saw teams from other institutes such as MDI and IIM Indore come down to the campus and participate in the various events organized as a part of Samvit. The event was cordially accepted by both the faculty and the students. Speaking about the event, Ayush a first student said, "The event has been a revelation of sorts to the students at the campus. Not only have we been treated to a host of competitions, but also we have gained insights into the current and future economic conditions of the country".

IIM Lucknow’s Samvit – 2010, begins on a high note

Samvit - the Annual Leadership Summit of IIM Lucknow began on a propitious note today. The theme for this year’s summit is “Financial Regulation & Development in India: Challenges & Prospects”. The premier institute hosted Dr. Subir Gokarn, Deputy Governor Reserve Bank of India to unveil the theme for Samvit on the 13th of November. The main event for this year’s Samvit is the panel discussion which is scheduled to be held on the morning of Sunday 28th of November.

Over the years, Samvit has signified the homecoming of some of the biggest corporate leaders in India for the panel discussion at IIM Lucknow. Some of the names that have been associated with Samvit in the past are, Ms Kalpana J Moraparia (Chief JP Morgan India), Ms Meera Sanyal (Head ABN Amro), Mr. Pramod Bhasin (Chairman, NASSCOM), Ms Naina Lal Kidwai (India Head HSBC) and Padma Bhushan Dr. J J Irani. In continuation of the tradition, this year the institute is playing host to noted bankers and industry stalwarts – Mr. Atul Khosla (Country Head Oliver Wyman), Mr. V Bunty Bohra (CEO Goldman Sachs India), Mr. Vikas Vasal (Executive Director KPMG), Mr Sanjiv Bhasin (CEO DBS Bank) and Mr. Suresh Senapaty (CFO Wipro Ltd.) – for the panel discussion. Former RBI Governor Mr. Amitabha Ghosh will also be present to express his views on the challenges and prospects of the current regulatory environment.

In the run up to the main event, the first day of Samvit saw some exhilarating events being organised on campus. The students also got a feeler of the finance world through “Stratagem – The national level Mergers & Acquisitions Competition”. The unique event allowed the students to delve deep into financial concepts and exercise their wisdom at real time scenarios. “Finquizitive – The finance quiz” had the participants by their breath till the end. The highlight of the first day was the finance workshop conducted by Mr. Vaidya Nathan, a certified trainer who works in close association with brands such as JP Morgan Chase, Citibank and Deutsche Bank. 

Speaking about the event Hansraj Mishra, a second year student from IIM Lucknow said, “Such events which bring the industry and the academia on a common platform provide a fresh perspective to the holistic learning at B-school. More such initiatives should be taken in future”. In all the first day of the event was fun filled yet insightful. The institute now awaits the panel discussion that shall be held on Sunday morning.

Samvit’09 - The Leaders’ Conclave: Who's who of India Inc. at IIM Lucknow

The Industry Interaction Committee’s cardinal endeavour is to build a conduit from the Knowledge centres of the corporate world to the classrooms of IIM Lucknow. In that pursuit, Samvit (Knowledge potency) was conceptualized to bring the best from the Industry to IIM Lucknow. The flagship event of IIC, Samvit has become an indispensable thread in IIM Lucknow’s brand positioning.


Samvit’09 saw the presence of stalwarts such as Pramod Bhasin (Chairman of NASSCOM & CEO of Genpact), Ajit Balakrishnan (Chairman Rediff.com), Kalpana Morparia (Country Head JP Morgan), Meera Sanyal (Country Head ABN AMRO) and Dr.Biswadip Mitra (MD Texas Instruments). These Industry Leaders were joined by Dr. Sandeep Pandey, a 2002 Magsaysay award winner who chose to throw away a lucrative career to become a social activist. The event was thus rightly titled “The Leaders’ Conclave” given this panel of elite visionaries.


The event was anchored by the affable Mr. Sanjeev Srivastava (BBC India Editor) who ensured that the conclave was as entertaining as informative. The theme of Samvit’09 was “Emerging pillars of the Indian Economy”. The theme was in line with the Indian growth story amidst the wreck of the financial slump where new sectors and a diversified labour force were emerging from the rubble.




The event opened with key note speeches from the each of the leaders. Mr. Ajit Balakrishnan and Dr. Biswadip Mitra shared their insights on technology’s indispensable contribution hitherto and its potential for India. To a question on corruption remaining unchanged, Mr. Ajit Balakrishnan intrigued the audience by focussing on the different facts of corruption and how India emerging from a licence raj era to a fairly liberal environment is per se, progress and an abatement of one type of corruption.


Dr. Sandeep Pandey, renowned for his work for the underprivileged, reminded the audience about the plight of more than a million people who truly constitute the “Unorganized” sector/section and thereby forced to accept punitive measures. His comparison of the price of mineral water to the price of milk drew widespread applause amidst a guffaw. Ms. Meera Sanyal shared her thoughts on the elections she contested. The student community was awed by her rationale and sense of conviction in contesting the elections while managing ABN AMRO in addition to contributing to social welfare activities. A second year student at IIM Lucknow opined that “Ms. Sanyal is the true paradigm of being strong and decisive”.


Mr. Pramod Bhasin delivered a flawless key note address followed by multiple interjections in the panel discussion, and made it clear that India’s progress can be supplemented only by the simultaneous existence of liberalization and social transformation.


Ms. Kalpana Morparia disabused some of the most popular misconceptions about China and drew the panel into an interesting discussion on China’s progress viz-a-viz India. The panel of leaders collectively threw light on how China’s administration is governed by some of the smartest people in the country which facilitates sustained development.


Ms. Meera Sanyal’s parting words to the panel of leaders and to the audience became the cynosure of the talk, when she quipped, “I hope this entire panel joins politics” in the context of Indian Administration needing leaders and visionaries such as those pre-independence.


The panel discussion drew a flurry of questions from the audience including the most appreciated one from a serving captain of the army who said “We have heard of Jai Jawan Jai Keesan. We only talk about the ‘Keesan’, what about the 'Jawan’? Do banks also have models for our needs?”


The 25th of October,2009 saw IIM Lucknow culminate its 25th year by opening a new chapter in its inimitable record. Samvit’10 is expected to be bigger and grander with IIC25 setting the plans in place in advance to add another feather to the School’s cap.