Banking and finance summit to discuss economic scenario

NOIDA, INDIA: The JRE School of Management will be hosting a Banking and Finance Summit on 5th October to discuss the factors responsible for the current negative economic scenario and to understand its impact on various sectors like banks, automobiles, oil etc.

India's economy grew at 4.4 percent in the June quarter, its slowest rate since the first three months of 2009. With the rupee trading near record lows and a ballooning current account deficit alarming investors and policymakers, banks are worried about the road ahead. Indian automobile industry too has been badly hit by the slowdown. With a slump in demand, some players have had to stop production to break-even.

The event will see eminent speakers from the industry including Deepak Singhal, regional director, RBI; K.N.R. Verma, MD, PNB Investment Ltd.;Ashish Sethia, country manager, India, Bloomberg, New Energy Finance; Nikhil Madgavkar, CFO, Mother Dairy; Amrish Raghuvanshi, CFO, Naukri.com; Ajay Bohora, CEO and co-founder, Cradila; Hemant Sultania, CFO, Dr. Lal Pathlabs and Arvind Hali, COO, Capri Global Capital Ltd.

In a panel discussion titled ‘Sectoral Impact of Economic Crisis', the speakers will talk about the implications of on-going currency crisis for respective sectors. The panelists will give an insight into the strategies adopted by companies to sustain themselves in the volatile market situation and the initiatives taken by the government to stabilize the economy.

Harpreet Singh, president- JRE Group of Institutions, said: "The Indian economy has been reeling under high pressure and volatile market conditions for some time now. This summit will give students a chance to interact with the experts and get clarity as well as lay to rest any concerns they may have about their future in the field. Getting an insight into the various measures being taken by corporate giants to sustain business in the slowdown, will prepare the students better to handle any adverse situations they may face tomorrow as professionals."