IIT, Kanpur Organizes Finatics to Discuss 'Finance

IIT, Kanpur Organizes Finatics to Discuss 'Finance – The Science of Managing Funds'

Post lunch, the next session was taken by Mr. Avik Bhandari. Avik is a passout of the batch of 2006 from IIT Kanpur, and has worked in the likes of erstwhile Lehmann Brothers and Royal Bank of Scotland.

He develops business simulation games which aid in the sound understanding of the fundamentals of finance, while entertaining the user. Talking at length about the financial crisis using basic fundamentals of finance, Avik also displayed a comical take on the entire scenario. Listening to him was a refreshing and motivating experience, as he has achieved considerable success at a very early age.

Mr. Avik Bhandari conducting session on basic fundamentals of finance

The evenings were reserved for Online competitions. As soon as the clock struck 10, IITK servers were literally bombarded with requests, as B-school students and professionals logged in all over the country to play Finsense, the online financial quiz. The 1-hour quiz marked the end of the first day of the conclave. The quiz was won by Abhidan and Vishnu (Team Abhi).

Sunday morning brought us face to face with Mr. Ajay Pal Singh, another alumnus of the IIT Kanpur MBA programme, from the pioneer batch (2003). Ajay works in an international bank, and spoke about the subprime crisis and the changed world order. Hearing it from an industry veteran, who was there in the thick of things when the entire scenario was unfolding, was an experience in itself and some of the facts revealed were truly eye-opening. Ajay spoke about how it happened, the reasons behind it, and how it has affected banking institutions worldwide.

Mr. Ajay Pal Singh giving lecture on subprime crisis and the changed world order

Contributed by -
Finatics Team
IIT, Kanpur.

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