“Good banking is produced not by good laws, but by good bankers.”

To be adaptive during these trying times, the Finance forum, Department of Finance, ITM Business School, Kharghar, Navi Mumbai organized a Guest Lecture on the topic “ Key concepts of banking & insurance sector” for the PGDM Finance 2019-21 and 2020-22, Fintech 2019-2021 and IFM 2019-21 batch Students on 25th September 2020. It was a very informative and interactive session. The Guest Speaker for the session was Mr. SKV Srinivasan who is currently working as trainer/domain consultant at CARE Advisory Research and Training and a Visiting Faculty Member at NMIMS.

Mr. SKV Srinivasan has over 39 years of diverse functional experience which includes the banking industry, field assignment, management & strategy.

The guest lecture series aims to equip students with the latest theories and practices in the modern financial world. This guest lecture series will aim to pool the ideas of academicians and practitioners for enriching the students’ community.

He began the lecture by stating a quote “Banking system is like cycle invest more, you have to recover again” followed by various other quotes by other famous authors. According to him if you want to pursue your career you have to individual resilience, work on communication skills, develop new capabilities, always have a collaborative mindset, the network of friends, analytical thinking, ability to deal with pressure, and empathy.

The speaker stressed clear directions that the students must have strong knowledge about key legislation in banking i.e The Reserve Bank of India Act 1934, The Banking Regulation Act 1949, and many more. He also explains the role of RBI, the key concept in banking – cash reserve ratio, statutory liquidity ratio, Net interest Margin, banking trends, and many more key concepts. He also talks about Key concepts in Insurance, types of Insurance, Regulatory framework of insurance.

Mr. Srinivasan experience and in-depth knowledge of banking & insurance. He explained the major changes in the banking system, the idea which banks play in the economic cycle. We also discussed the current scenario of banks being scrutinized for their lack of regulation and framework maintained by them, how banks make a profit, different methods followed by public and private sector banks. Indeed, it was one of the best experiences a student from the finance field has with our honorable guest with 40 plus years in the banking sector.

It was a very informative and interactive session where students came to know about the career choices in Banking & Insurance sector.

It was also a great initiative taken by the faculties of the Finance Forum for conducting this wonderful session of knowledge sharing and gaining virtually especially during this pandemic.

The guest speaker answered all the questions of students and given some tips for successful career in banking and insurance.

This wonderful session ended with the Vote of thanks.