Dept. of Business Economics, University of Delhi, Concludes its 35th Annual Convention

Dept. of Business Economics, University of Delhi, Concludes its 35th Annual Convention
Post-event Press-release

Highlights Day 2

The Second Day was titled "The Business Analytics Meet". The chairperson was Mr. Manish Mittal, VP & Head of Professional Services, MarketRX Cognizant. Mr. Mittal

defined analytics as 'trying and understanding what is happening in a business'. He also addressed the core questions of handling the mammoth quantities of available data and making the right decisions based on it. He gave the example of MarketRX where decisions are made on the basis of technology, analytics and market research.

The next speaker was Mr. Raman Uberoi, the Director of CRISIL Ratings. Mr. Uberoi presented his views on Credit Risk Analysis. He defined credit rating as 'an opinion on ability and willingness to pay in full and in timely manner all financial obligations'. He explained to the audience the methodology followed by rating agencies and the factors that are taken into account while doing so. He also highlighted the importance of customer diligence.

The next presentation was by Mr. Ramesh Krishnan, who is the Head of Supply-Chain, Pantaloons. He defined supply-chain as 'the complete movement of materials and information from the source of procurement to the ultimate consumer'. He explained the various indicators that are used in judging the performance of the supply-chain of any organisation.

This was followed by a detailed analysis of the US credit crisis, its origins and implications by Dr. Samiran Chakraborty, Chief Economist, ICICI Bank. He elucidated the complexity of the US financial market and the process of revolving of credit that takes place there which eventually gave way to the current crisis.

The next session dealt with Risk Management Strategies. On the chair was Mr. Sanjiv Dobhal, Regional Head - Corporate Business, HDFC ERGO General Insurance. The first presentation was by Mr. Manu Digvijay Singh, Associate Director, Global Markets, Standard Chartered Bank. Mr. Singh enumerated the various sources of risk and the types of risk that an organisation may face. He also emphasised the importance of being a risk seeker. He also spoke about risk hedging where he mentioned the downside of hedging stating that 'if the competiton is not hedged and you are, then your hedges go against you'.

This was followed by a presentation on Risk Management by Banks by Mr. P. K. Mitra who is the General Manager of Punjab National Bank. Mr. Mitra spoke at length about the indicatos of risk and volatility, and various norms and measures that have been taken to protect the banking system against risks though not undermining the current crisis. He also raised the important question as to why some of the failed investment banks in the US have been saved by the government while others have not.

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Contributed by -
Amit Srivastava & Anmol Soni,
Media Cell, Master of Business Economics,
Department of Business Economics,
University of Delhi South Campus.

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