On Saturday, 26th November, 2016, Symbiosis School of Banking and Finance held its flagship event Bankers’ Conclave – “Symposium on Banking and Finance.”
The Guests of Honour for the event were Mr. Sarat Malik (CGM, Securities and Exchange Board of India) and Mr. Pramod Kumar Panda (CGM and Principal RBI CAB, Pune).
In his inaugural speech, Mr. Malik spoke about the various guidelines SEBI has introduced for investor protection, rate cuts done by RBI and how India is now moving towards a cashless economy.
The symposium had two panel discussions. The first topic of discussion was on “Disruptive Innovation” from 11:15 A.M. to 1:00 P.M. The chair for the first panel was Ms. Mudeita Patrao (Head Digital, HDFC AMC). The moderator was Mr. Muthuselvan (Assistant General Manager, RBI CAB, Pune). The panellists included Mr. Ravi Srivastava (SVP & India Head, Jones Lang LaSalle), Mr. Vikrant Nagre (Cluster Head, HDFC Bank Ltd.), Mr. Kanchan Kulkarni (Regional Manager, ICICI), Mr. Ram Aparaj (Senior Manager, Staff Training College, Bank of Maharashtra) and Mr. Muralidharan R, (Group Head – Operations and Information Technology, L&T Financial Services).
The second panel discussion was from 2:15 P.M. to 4:00 P.M. on the topic “Changing Facets of Risk Management Strategies.” The chair for the discussion was Mr. Pramod Kumar Panda. The moderator was Mr. Biharilal Deora (Advisor, AIWMI). The panellists included Mr. Bhaskar Niyogi (Head Enterprise Risk and Policy, RBL Bank Ltd.), Mr. V. Hans Prakash (Head, Business Development, IL&FS Securities Services Ltd.) and Ms. Jayna Gandhi (Founder and CEO, Quant Mac Financial Services LLP).
The valedictorian speech was given by Mr. Panda where he spoke about the year 2017 being the best time for the finance sector. Sir spoke intensively on micro finance. His words motivated everyone to be able to do something for our country to make it reach new heights. The event was concluded by a small quiz organised by the Corporate Interface Team for the students attending the symposium. The event gave each student an opportunity to engage themselves in understanding the various facets of the BFSI sector. It exposed the students to a world which helped them learn a lot of new things about the industry
No learning can proceed in a vacuum, and this is true especially for the BFSI. In SSBF’s tireless efforts to bring together academia and industry, we at Symbiosis School of Banking and Finance organized and hosted the Banker’s Conclave on July 25th, inviting eminent bankers and industrialists, to interact with the students and share insights on issues crucial to the business and banking worlds.
The 25th of July saw a large group of eager participants, including interns of RBI, College of Agricultural Banking, from University of Boston and New Castle University, and students from Symbiosis Institute of Business Management.
The event commenced with the lighting of the ceremonial lamp, and with the welcome address by our esteemed director, Dr. Manisha Ketkar.
Any growth that a country bears witness to is perhaps meaningless if that growth cannot offer meaningful impact to all the people of the country. In this context, the idea of financial inclusion has gained significant traction as a means of ensuring that as many people as possible can partake of the benefits of a burgeoning economy. This has particular importance in India, where 60% of the rural population is still unbanked. Recognising the importance of this issue, Financial Inclusion was made the first topic of discussion during the Banker’s Conclave.
The participants were introduced to the concept of financial inclusion through a short film, put together by the SSBF’s creative team, which explained the minimum requirements of financial inclusion, and showcased some of the efforts of SSBF’s Institutional Social Responsibility team in bringing financial inclusion and literacy to the underprivileged.
The discussion began with insights from the panel, each member noted for their efforts in bringing together everyone into the financial system.
The panel was moderated by Professor Samapti Guha, from TISS (Tata institute of Social Services), who noted that while great strides were being made to solve the issue of financial exclusion, not enough work has been done to understand the problem itself. India has been a frontrunner in improving financial solutions, but the aspect of Social, Institutional and Psychological Exclusion merits further research.
Mr. Muthuselvan, Faculty at RBI-CAB opined that India had made significant advances in this field and that the bank-led model of financial inclusion suited India, due to the presence of robust and tight regulations. While telecom-led or other-entity-led models were successful elsewhere, India’s strength lies in this model. In addition the introduction of Agent Banking models and Business Correspondence models has made significant inroads in addressing the problem. In addition, banks, in being allowed to liberally open centres in 2-6 tier regions has given them incentive to expand and improve the reach of financial services. Mr. Muthuselvan also pointed that basic consumer rights needed to be maintained even in the face of financial inclusion.
Mr. L. M. Deshmukh, General Manager, Financial Inclusion, Bank of Maharashtra, took the thread of the discussion and highlighted a few key statistics in India’s March towards financial inclusion. Nearly 16.71 crore have been accounts have been opened, however 50% of them alone have commenced operations. He also spoke of the importance of credit penetration, and the inclusion of overdraft facilities for over 80 lakh accounts. The importance of biometrics is not to be underestimated. He was optimistic that three to five years might be all India needs for financial inclusion.
Mr. Vaibhav Peshney, Assistant Vice President, YES Bank explained his organization’s approach to financial inclusion, wherein, they managed to gain a foothold by using credit services as a means of financial inclusion. He expanded on how financial inclusion isn’t an obligation but an opportunity for banks to expand their markets and their customer base. YES Bank’s banks partnering with SHG was a strategy that helped them increase reach, without having to rely on branch banking. Thus, alternate delivery channels needed to be looked into, and the best way to bring more people into the system was to help fulfil their needs.
The discussion moved from the panel to the audience, who took the opportunity to acquaint themselves better with Financial Inclusion. Some light was shed on how easy it has become to open an account, using minimal KYC norms for the excluded sector, and how it could be possible for moneylenders, and other financial agents outside of the financial system itself to partner with the banks and improve penetration of financial services.
The first half of the Banker’s Conclave was a very insightful session and added valuable perspective on Financial Inclusion.
The afternoon session of the Banker’s Conclave tackled the idea and implications of Corporate Social Responsibility. With the inclusion of mandatory CSR, through the Companies Act, as well as companies taking note of the many benefits of giving back to the community, CSR has become a topic of study and discussion, and thus, a very interesting avenue to explore during the Banker’s Conclave.
The session began with an explanatory short film, compiled by SSBF’s Creative Team, explaining the concept of Corporate Social Responsibility, and highlighting the growth in CSR activities in India.
Prof. Girish Agarwal from IRMA opened the discussion, noting that while CSR has been gaining popularity, companies shouldn’t invent theories to implement change. Research on the issues they wish to address is crucial, he felt. CSR should not be disconnected from the value chain improvement process, and information asymmetry should be reduced. He also stressed on the need to cultivate the right mind set towards CSR.
Mrs. Leena Deshpande, Head of CSR, Bharat Forge Ltd. Pune, spoke of the soft aspects of CSR, and how it goes beyond the boundaries of mere philanthropy. She also highlighted Bharat Forge’s CSR initiatives, which included promoting sports and sanitation in schools. Employee involvement was a key factor of in the success of these CSR initiatives.
Mr. Zubin Kabraji, Regional Director, Pune, Indo German Chambers of Commerce, explained that CSR can be implemented in many shapes and forms, for example, research on alternative energy sources, and how the Indo-German Chambers offers advisory services for the many German Companies operating in Pune. He also spoke of initiatives by Indo-German Chambers of commerce around the world, including development of competency centres, CSR training in Malaysia, Reporting activities in South Korea and how these led to positive impact on the community.
Mr. Srinath Komarina, Senior Vice President, YES Bank, Mumbai highlighted work done by YES BANK which has improved the life of the community around them, and explained how CSR had its merits even in the pragmatic view of running a business and making profits. In case of YES BANK the initiatives led to improved business and greater sustainability. Further, he highlighted YES Bank’s practices to improve sustainability, such as triple bottom line accounting, facilitating responsible investments, and investing in Green projects.
Mr. M. N. Sanyal, Head of CSR, Thermax Ltd. Pune, shared Thermax’s CSR initiatives, including the practicing of employing clean energy technology, and Thermax’s emphasis on improving education facilities in India, especially in government schools. He spoke of how, even without being envisioned as such, the CSR initiatives helped in brand-building for Thermax in the local community. In his view, the participation and contribution of employees is what elevates CSR from charity, to a catalyst for positive change.
During the question hour, the audience was curious of the Company Act enacted recently in India, which asks Corporate entities to set aside at least 2% of the post-tax profit for CSR related activities. The full implications of the Act are yet to be fully realised, and it would be interesting to see how it impacts Companies in the future.
The impact of CSR is best summed up in Mr. Srinath Komarina’s words- “The business of business is more than business.” And as the students of SSBF make their way into the world of business, these are words we shall remember.
The event was very well received by all the participants and other invitees in the audience. The invitees also enjoyed a campus tour and were pleased with the hospitality and other arrangements. Staying true to our vision, this was one of SSBF’s many endeavours towards becoming a leading centre for financial studies.
With new banking licenses all set to be issued to private sector players and non-banking financial companies, it’s the advent of a new era!
The germination of an idea, the exchange of thoughts, and emergence of a solution – how often do we get the opportunity to witness thought leaders and policy makers in action? However, the students at Symbiosis School of Banking & Finance had the phenomenal opportunity to witness the action first-hand when in collaboration with Mint, SSBF hosted the Conclave on 9th October,2012 – an event that brought together the stalwarts of the banking industry to debate and deliberate on the new equations that would transpire after the entry of industrial houses. However, this surprisingly was not even the best part – the best part was the conclave being presided over by Mr. Anand Sinha – the deputy governor of the Reserve Bank of India, who addressed the gathering, enlightened everyone about RBI’s viewpoint on licensing and even interacted with students at end of the session.
The event saw the heavyweights of the banking industry alighting the stage to debate the pros and cons of licensing, how soon it should be implemented, whether the current banking landscape is ready for such a change and how many licenses should actually be doled out.
The list of illustrious panellists included Mr. Naresh Takkar, Managing Director, ICRA; Mr. Ashwin Parekh, Partner National Industry Leader, Global Financial Services, Ernst and Young; Mr. D. Sarkar, CMD, Union Bank of India, Mr. Hemant Contractor, Managing Director, State Bank of India; Mr. Shachindra Nath, Chief Executive Officer, Religare Enterprises Ltd; Mr. Nirmal Jain,CMD India Infoline; while Mr. Tamal Bandyopadhyay, Deputy Managing Editor, Mint was the moderator for the conclave.
Mr. Takkar was of the opinion that we need not wait more to issue new licenses, however there is absolutely no room for differential licensing of any kind. He also thought that this licensing window should not be a one-time window, it should be kept open and adequate licenses should be given out -citing 10 to begin with as a good number. Mr. Nirmal Jain concurred with statement and vehemently championed the cause of brokers too stating that the licenses should be on tap and the window not to be open and shut. He too wanted the licenses issue to begin with immediate effect where the threshold should be minimum net worth and there is no differential pricing. Mr. Shachin Nath too agreed that the regime should begin in the next 9-12 months, licenses being given to 5-6 players to start with and survival of the fittest thereafter.
However Mr. Hemant Contractor had some reservations. He put on record that he was not afraid of the new competition and he also denied that SBI and other public sector banks had failed in their duties to spread financial inclusion. However, he stated that the licenses should come in to effect only after requisite amendments to the Banking Regulation Act, and opined that looking at the current scenario only a handful of players – 3-4 to be precise – would be eligible to actually get hold of licenses. Mr. Ashwin Parekh was sceptical too. He stated that the Indian banking framework was not suited to licenses for industrial houses currently and it would take a minimum of two years to bring it to scratch. He also said that 2-3 licenses were to be given out every 5 years and there was no room for differential licensing. He was of the opinion that banks derive their strength from the size of their balance sheet and this was a key area to be looked into. Mr. Sarkar too, like Mr Contractor stated that his bank encouraged competition and had no fear of the new entrant, he too agreed that it was unfair to expect the PSUs to perform miracles overnight and spread banking access to the entire country – the banks had broken ground and were still working at it.
The conclave was food for thought for the audience; it was a delight to watch the spectacle unfold. Corporate Interface Team of the college which had collaborated with Mint to set the event in motion was extremely happy and proud of the proceedings! Abhishek Purohit, a CIT member said, “It is truly rare for students to get the chance to interact with stalwarts of the industry and get an insight in to what they think of the burning issues. We are indeed fortunate that we got hold of this opportunity. It was a phenomenal experience. The entire college worked together to make this event happen and fruits of our hard work were indeed sweet! The deliberations were so insightful and so thought-provoking. We asked questions, interacted with the dignitaries and got the chance to gain first-hand knowledge about such a vital issue. It was a thoroughly enriching experience and one that I would cherish forever.”
Information technology may be at an embryonic stage but it has the promise of changing the face of the banking industry as not only enables banking services but also has the potential to be the driving force behind the perceived transformation. New entrants are leveraging their existing strengths of understanding the technologies and markets they operate in to deliver innovative business models which focuses on delivering business value.
The theme for the Mint Clarity through debate ‘New Technologies set to give banking a Facelift: What CIOs should do?’ held on 29th August 2012 partnered by Symbiosis School of Banking & Finance considered the changes expected in the banking industry. The audience had an opportunity to witness the growth in this area by private sector players through interactions between the eminent panellists.
The Panellists included:
There was a very lively discussion on how the banks had evolved from the teller system to the era of application. There was a consensus on how the new technology is going to change the face of banking in the future in order to cater to the new age customer who demands his business at hand while also ensuring that there is no lapse in security of his account. The discussion enlightened the present audience on how each bank was combating the rise in technology and how it planned to reach the unbanked.
Tamal Bandyopadhyay, Deputy Managing Editor, Mint played the effective arbitrator in trying to point how the technology while being helpful to mankind also had some pitfalls and invited the bankers to share some real life experience of frauds that they had come across in their careers. He also envisioned the role of the regulatory body RBI in the governing of the use of technology and there was consensus on how the RBI is playing a very vital role in keeping a control over the misuse and abuse of technology.
The discussion held the audience in such rapt attention which was evident in their queries put forth to the eminent panellists in the future of banking, the role technology would play in it and how it would aid in the process of financial inclusion.
One thing in consensus from the evening was that there would be shifts in the banking industry like never seen before and far reaching effects that certain technologies would have from a perspective of customer centricity, speed of delivery and expense of servicing customer.
Symbiosis School of Banking & Finance hosted a seminar titled “Insights and Foresight” on July 7, 2012. The theme was the challenges and opportunities to be faced by banking sector in the years to come.
We were honored by the presence of
Dignitaries like Mr. Sunil Shirole, MD, Yen Capital Advisory and Mr. Anil Keskar, Dean Academics, Symbiosis international University also graced the occasion with their presence. We were privileged to have bankers from ICICI bank, Yes Bank, State Bank of India, Bank of Maharashtra, and Bank of India as audience. It also gave us an opportunity to interact with our sister institutes.
Every session at Symbiosis International University, Lavale Campus, starts with the fest Aarambh, for freshers. What better can a start to a whole new academic year be, than to have a platform to showcase your extra-curricular talent! This year the theme for the event was “Be the Difference”. We at SSBF, chose a very usual topic of Drugs, however, to show something extra-ordinary with a lot dance, drama, emotions and music to blow away the minds of the audience. Based on a contemporary dance performance, we portrayed the story of a decent young guy and his normal life blended with drugs. We went on to show how his deadly habits got him close to death and how he comes out of it, only to help other people see the brightness of the world. The dancers swayed away the hearts of the audience with their stunning moves and splendid confidence, and like every year, SSBF left its mark on the Aarambh stage.
Every year Aarambh is organized with great zeal and enthusiasm in the SIU campus. This year the theme for the event was “Environment Conservation and Sustainability” to enlighten our hearts and soul with the love and care showered upon us by the Mother Nature. Symbiosis School of Banking and Finance (SSBF) dazzled the event with a marvellous and stunning dance performance. Based on the classical dance theme, the dance performance succeeded in portraying the 3 main stages of creation, destruction and conservation of nature. The dancers swayed away the hearts of the audience with their stunning moves and splendid confidence. The dance performance made its mark in Aarambh 2015 and succeeded in engraving the name of SSBF with golden letters.About Aarambh
Aarambh is a welcome cultural extravaganza organized every year for the institutes located on Lavale Campus. All the institutes get together to organize the event that marks the beginning of the journey for every Symbiosis student. Dance, fashion shows, songs, band performances, theatre – all institutes put their best foot forward and welcome their incoming batch with open arms.
The annual cultural fest of SSBF is a colorful extravaganza where students get a chance to showcase and hone their innate talents and let their hair down. From singing to dancing to poetry to stand-up comedy to plays– all types of art forms find their fair share on the stage.SYNOPIA 2016
Synopia , the annual cultural and managerial fest of SSBF was organized on 18 and 19 january 2016. The fest was a huge success and added another feather to the cap of SSBF, increasing its glory. Their were rainbow of events ranging from core managerial events like Corporate Chanakya, to Tadka of Bollywood“ CINEBUZZ” and not to forget the heart rendering and mind blowing “ Battle of Bands” and “DJ Night “. There was a wide number of participation from students of different institutes which demonstrated how well received the fest was. The fest made a mark not only in the university but also showcased the hard work, dedication and zeal of all the students of SSBF.Photo Gallery
SYNOPIA, the annual cultural and managerial fest of SSBF was organized on 18 and 19 January, 2017 along with the second edition of the Entrepreneurial Summit- IMPRESSA 2017. The event was a huge success, and it rightly added to the glory of SSBF. From the core managerial event Corporate Chanakya, to the Tele-Quiz FRIENDS' Trivia, from the mysterious 'Treasure hunt' to the sports event 'Futsal', all the events left the participants with great excitement and joy. The E-summit IMPRESSA, featured a series of events which included a guest lecture, panel discussion, and Inter B-Plan competitions. Synopia was followed by an enthralling VH1 Supersonic Night leaving SSBF's mark not only in the university & it's sister institutions but also on other colleges of PUNE from where huge participation was received.
SYNOPIA 2017 was a platform for the students of SSBF to showcase their hardwork, zeal and dedication.SYNOPIA 2017
SANGRAAM is an intra-institute event conducted by the Sports Committee, usually where the juniors and seniors participate in a wide variety of sports contests ranging from Badminton to Table Tennis to Cricket to Basketball – almost no sport is overlooked! Awards are given for both individual and team performances. The tournament helps foster team spirit and is one of the most looked forward to events on campus.
SANGRAAM is an intra-institute event conducted by the Sports Committee, usually where the juniors and seniors participate in a wide variety of sports contests ranging from Badminton to Table Tennis to Cricket to Basketball – almost no sport is overlooked! Awards are given for both individual and team performances. The tournament helps foster team spirit and is one of the most looked forward to events on campus.2015
Jigyasa is CSR’s annual endeavour to highlight to school children the need for financial awareness and kindle in them the urge to be better informed citizens. Raising financial awareness among kids is the first step to financially aware, trained and adept adults; catching them young moulds malleable minds and helps in inculcating good financial habits like saving and investment from the very beginning
SSBF sensitizes its students towards society. For it, students have formed Corporate Social Responsibility committee. CSR committee conducts activities like financial quiz, exposure trip of underprivileged students; interaction with HIV affected children in consultation with various non-profit organizations. In line with it, SSBF has made a space for these kinds of activities in its curriculum. We have “Minor Project”, a course dedicated to provide exposure to the students about financial conditions in underprivileged society. Under it, we have covered issues like financial awareness, financial inclusion etc. in nearby villages. This year, a group of students visited BAIF, a leading NGO in the country. They visited BAIF’s center at Uruli Kanchan to see their Micro Insurance, Micro Finance, and Training Programme. Another group of students visited R-SETI of Bank of Maharashtra to gain exposure of training programme customized for underprivileged women. Two more issues covered were Financial Inclusion, and CSR. For Financial inclusion, students went to rural as well urban areas and conducted a survey to gain understanding of topic under consideration. For CSR, students took the view of bank employees and customers to gain their understanding about it through survey.Some of the feedbacks of students for the visits are as under:
“I had a good and interactive experience with the trainees and faculty of RSETI- Hadapsar. I learned about the organization and its noble initiative towards rural economy. After having interacted with the trainees, I came to know that it is helping them to get self-employed and help their families in improving their financial condition. I Hope this program reaches all the unemployed youth and help them in lighting their future. I wish all the best to the organization to achieve their goal.”Madhura Sunil Gangurde
After visiting RSETI- Hadapsar, I got to know about the steps Bank of Maharashtra has taken to uplift the status of poor and needy people. BOM conducts many training programs which is helpful for many people. I wish all the best to the Organization.Minu Pandey
“My visit to RSETI was excellent – exceptionally informative, balanced and interactive teaching about RSETI organizing comprehensive training programs to upgrade skills of prospective entrepreneurs, existing workforce and also develop skills of new workers. It is a training institute, where the trainees are exposed to rigorous theoretical and practical training in the respective activities. A fabulously well-equipped centre with the knowledgeable and friendly staff. I was engaged and came away with a wider understanding of RSETI working system. A great day with abundance of resources for us to use. It was well paced and clear and always an incredibly useful experience.”Reshma Shaikh
“I had a good interaction with a self-help group "Samarth Mahila Arth Bachat Gat” and got to learn about the working of an organization, how they help each other in time of emergency, and how the group works as a whole.”Camellia Prabhakar
"It was a very good experience, visiting BAIF at Urali kanchan. I have learnt lot of things about micro finance, how is it practiced in the SHGs, and how they get benefitted from micro finance. It helped me gain knowledge that would help me pursue my MBA in a better way. Mr. Shashank Mokashi is not only an amazing organizer of BAIF, but also a very good teacher. I got to learn about BAIF's importance and many other enlightening things from him. We also spoke to few members of SHGs. Those women spoke about how they manage their SHG. I was amazed by the confidence levels these women have. Overall, it was an amazing experience. Wish we could have got more time to do some more extensive research on BAIF."P.Ragha Keerthana
“I had the chance of visiting BAIF as a part of Minor Project undertaken by the institute. It was a great learning experience as I got to see how the micro insurance and the micro finance activities are actually implemented. Meeting with the women of SHG, helped me to understand,how these groups operate and function. Interaction with Mr. Shivthare and Mr. Mokashi taught me how to initiate the formation of SHG’s and also the concept of looking for “entry points”. The efficiency and the cost effectiveness of the organization was worth making a note of and also the hospitality, courtesy and co-operation extended by them. A point to be noted was the way they were handling various activities and how by their constant perseverance they had achieved self-sustaining, independent and efficient units. It was really heartwarming to see how their women empowerment program had given results and the women had small enterprises of their own and were economically independent. The discussion of the problems faced all these years was very insightful and helped me see the true picture of how the world works and the practical problems faced when you set out to do something. It was a great learning experience and it helped bridge the gap between theoretical and practical knowledge. In the process I got to interact with different kinds of people, understand the situation from their point of view and also eat really authentic and tasty lunch at a small meal home which was run by one of the women with encouragement and support of BAIF”Jayalaxmi M. Desai
''Khushi'' is another annual event conducted by CSR on World AIDS day, where SSBF students spend a day and spread cheer to an orphanage ‘MANAVYA’ with HIV afflicted children .We bring this children to our campus and give them the lack of Interaction and love that they miss. From past two years Khushi event has made to smile these children and in turn our Students have realized the value of life .These children face lack of love and affection, but SSBF has been making continuous attempt to spread love and bring enthusiasm among these children and giving them a hope of ray to stand strong in the society. Spending a day with them is not our goal but to learn a bit from them and in turn educate them regarding the well-being in society is the main aim of our Students.
''Manavya'' is another annual event conducted by CSR on World AIDS day, where SSBF students visit and spread cheer in orphanages with HIV afflicted children. The event is an attempt to include AIDS inflicted into mainstream society and help bring a smile on their faces, raising awareness about the dreaded disease in the process.
On 18th August, Symbiosis School of Banking And Finance (SSBF) celebrated its fifth anniversary with great pomp and show. The event was held to commemorate the golden journey of SSBF, over all these years, emerging as a bud and blossoming as a flower. The celebrations were held in the assembly hall which was blissfully decorated with flowers and balloons. The event started with welcome address by our esteemed director Dr Manisha Ketkar, who graced the entire audience with her enlightening speech, highlighting the journey of SSBF. The faculty members also delighted the audience with their memorable experiences in this institution. It was followed by a cake cutting ceremony. Later on the stunning dance performances including a Bollywood mashup, Bharatnatyam and combination of hip hop with Bhangra swayed away the hearts of the audience. Further beat boxing, poems, lyrics and songs added four moons to the celebration. All the participants were enthusiastic and succeeded in regaling the audience. The ceremony ended with a Thankyou note by our esteemed faculty Mrs Trupti Bhosale. Afterwards everybody enjoyed the mouthwatering refreshments.
The event was a great success and showcased the dedication, love and support of the entire SSBF family which has made our institution grow by leaps and bounds.
Impressa, the annual flagship management event of Symbiosis School of Banking and Finance, held on 19th January 2017 and organized by Entrepreneurship cell of SSBF impressed everyone out there with the extravagance of its events. Participation from various institutes across India made the event a great platform to compete with each other. The two main events of impressa i.e. SYMPODIA and SYNOVATE tested the analytical and business skills of the participants.
SYMPODIA was the first event of Impressa which was an online quiz. Unlike other online quizzes, SYMPODIA broke the monotony of the cliché online quizzes. This quiz consists of 20 questions and each question has three figures, the common thing between the figures was the answer to the question. The twist was that the answer to a question was password for next question. The zeal to unlock the next question kept the participants engrossed in the quiz and motivated to brainstorm further. The participation this year was more than 150 in SYMPODIA and the positive appreciating feedback from all the participants showed us the success of the inaugural event of IMPRESSA.
The event by Entrepreneurship cell would be incomplete without a guest speaker for the budding entrepreneur. The skills of an entrepreneur can be best explained by a person who has experienced all of it. We were privileged to have Dr. Vivek Barve between us to give a speech for budding entrepreneur. Dr. Barve is an entrepreneur who is a co-founder of a company “Accures Legal”. Accures legal assist clients in all fields of intellectual property including patents, trademarks, copyright, designs, plant variety protection, geographical indications – from its development to its monetization. The speech was about the risk and planning an entrepreneur needs to do and different dimensions of business.
Impressa was concluded by the event “SYNOVATE – the Business plan competition “. Across India many teams registered for the event but 9 teams qualified for the finals after the preliminary round. The event was judged by Dr. Vivek Barve, Mr. Dilip Thosar and Dr. Shailesh Natu. The teams presented their business ideas in the form of a PowerPoint presentation. They were appreciated, advised and given constructive feedback by the judges. Judges provided some of the participants with their contact, so that they can get some help in starting up their ventures.
Impressa is growing year by year and the expectations of people becomes the motivation to make it even better. The efforts of Entrepreneurship cell under the guidance of Dr. Shailesh Natu made the event a great success.
Recognizing the need for harnessing the entrepreneurial spirit, the Entrepreneurship cell of SSBF organized its first Entrepreneurial Summit “Impressa“on 26th September, 2015. Based on the theme “Harnessing the Innovative Mindset”, the summit featured a series of events which included a guest lecture, panel discussion, a workshop and 3 Inter B-school competitions.
The summit was inaugurated with the lighting of the lamp and welcome address by the Deputy Director, SSBF. This was followed by a guest lecture by Mr. Rohan Chhazed, AVP, Zoomcar India Pvt Ltd on Business Startup Strategy. He spoke of the importance of understanding the value proposition that an entrepreneur presents to his customers as well as the importance of market share capture. It was a very interactive and informative session and Zoomcar goodies were distributed to the students. An impromptu contest was also held where the students of SSBF impressed the guests with their ability to devise marketing plans. This was followed by a workshop on trading in financial markets, conducted by Mr. Purv Shah- Member of BSE Stock Broker’s Forum. Mr. Shah explained the nuances of trading in stocks and shares and kept the audience hooked with his presentation.
The highlight of the Summit was a panel discussion on the theme –“Harnessing the Innovative Mindset.” The panel comprised of young and dynamic entrepreneurs and executives. The panelists included Mr. Manish Harodia, Founder of Dreamwallets; Mr. Mihir Badiani, Launch Manager, Swiggy; Mr. Purv Shah, Member of BSE Stock Broker’s Forum; Mr. Heramb Nargundkar, Director and Founder, Efact Solutions and Mr. Rakesh Das, Cofounder, Instainnovations India. Each of the panelists shared their experiences. The most important fact they highlighted was that there is no set route to success, and each entrepreneur must find their own path. The importance on disruptive technology and businesses was touched upon, and the need for an entrepreneur to be even more unfazed by failure than other professions. One thing to remember is that entrepreneurship requires iron certitude and that it is best to enter only if one is absolutely sure of pulling it off.
Apart from these, the E-Cell organized three exciting events for the B-school participants.
All three events received large number of registrations from across India. The finalists for Synovate and Symulate were selected on the basis of online test and submissions. There were a total of 10 teams who made it to the finals of Synovate and seven participants who made it to the finals of Symulate. Finals of both these events were held at SSBF. Team Achievers of CSS National Institute of Agriculture, Jaipur won the first prize and Team Vcare of SIBM Pune won the second prize in Synovate.
Amit Shirude of IIM Indore (Mumbai Campus) and Karthikeyan N.B. of IIM Indore (Mumbai Campus) won the first and the second prize respectively in Symulate. “Sympodia” was an off-campus event where participants participated in an online puzzle solving exercise, which involved hunting clues across a variety of images. Dinesh Gupta of International Management Institute, New Delhi won the first prize in Sympodia and Priyanka Lunawat of Wellingkar won the second prize. The event was sponsored by Zoomcar India Pvt. Ltd. and Swiggy, who also joined the discussions and guest lectures.
The event was a great success and we at SSBF look forward to seeing you all at Impressa 16!
Dalal Street Arena 2.0
On the 9th of September 2016, Symbiosis school of Banking and Finance had organized a mock stock event called DALAL STREET ARENA 2.0.which was held at Symbiosis University, Senapati Bapat Road at the SYMBIOSIS VISHWABHAVAN AUDITORIUM.
Students from various colleges came to take part in this event. Participants were mostly from Poona College, Marathwada Mitra Mandal College of Commerce (MMCC), Singhad Institutes and Symbiosis Institutes to name a few. They were welcomed by the volunteers and guided towards the registration desks at sharp 9:50 AM where they also received a notepad, pen and a customized keychain.
The resource person for the day was MR.PURV SHAH, freelancer at the BROKERS FORUM and who was felicitated by Mrs. Manisha Ketkar, Director of Symbiosis School of Banking And Finance. The first session was regarding the career opportunities provided in the financial sector in today’s relevance which was then followed by a lunch and refreshments break. The second session started off at 2:00 PM with a small quiz round to lighten up the mood of the audience. And this was followed up with a session on stock exchange and its working. After the completion of the workshop the mock stock competition started where the participants had to apply the knowledge they received from the workshop and make use of it in this simulation. An Instagram boot was also provided for students to take pictures with.
The winners of the event were Yogesh Mishra,Pooja Ridichatti, Anirudh Rao and Mohammad Kashan Azmi. The feedback received from the participants depicted the success of the event where students found this experience to be extremely fruitful and they would be willing to be a part of the event in the years to come.
Setting a trend- Dalal Street Arena 2015
The warm morning of 25th September 2015 witnessed excitement, enthusiasm and passion running through the veins of the students of SSBF. As a part of its PR initiative, Symbiosis School of Banking and Finance organized its first ever virtual stock trading workshop and competition: “Dalal Street Arena” on 25th September 2015 at Symbiosis Vishwabhawan, S.B Road, Pune. The event was designed to create awareness and improve the knowledge of the participants relating to the functioning and operations of the stock markets.
The participants were undergraduate students of various colleges across Pune and Mumbai. Registrations were received from colleges like MITSOM, Indira and BMCC to name a few. A total of 80 students participated in the event and about 30 on spot registrations were recorded.
The event was conducted in two slots. The morning slot involved a talk on career goals and aspirations by eminent entrepreneur in the field of financial advisory Mr. Purv Shah. In the second slot, a virtual trading ring was created where students were asked to trade in stocks keeping in mind the various market forces. At the end of the event, winners were announced on the basis of highest portfolio value and highest intraday gains. They received cash prizes worth Rs. 10000 and certificates.
Dalal Street Arena turned out to be a huge success and worth every effort put in by the volunteer students of SSBF. All the participants and volunteers had an intellectually stimulating experience and went home better informed and more learned about the secondary market. The whole purpose of the event to raise awareness regarding the volatility of the stock market and its importance in shaping the economy was very well achieved. Inspired by the grand success of Dalal Street Arena, the PR Team of SSBF plans to target students from across the country next year, to have a pan India impact.
The ISR and Co-Curricular Team initiated a Banking Drive across Symbiosis campuses all over Pune on 7th, 8th and 9th December, 2016 with the aim of creating awareness and providing access to banking services to the unbanked and underprivileged people
For this purpose, Symbiosis School of Banking and Finance (SSBF) collaborated with Bank of India (BOI) to collect data from Symbiosis staff with the intention of opening bank accounts for them as a step towards Financial Inclusion and also to help them cope up with impediments of demonetization.
The drive was successfully conducted across six symbiosis campuses namely Lavale Hill top, Hill base, Hinjewadi, Viman nagar, Model Colony with the help of students, faculty and admin staff. The data was collected from security guards, housekeeping staff, mess workers etc. Details such as Name, aadhar card no., pan card no. , address, contact no. etc. were collected by the volunteers.
Nearly, 400 applications were recorded in total across Symbiosis, Pune. The data recorded was as follows:
|Total No. of Applicants||389|
|People without Pan and Aadhar card||80|
|People without Pan Card||221|
|People without Aadhar Card||98|
|People with Pan card and UID||155|
The drive was also conducted in other campuses with the help of volunteers, faculty and staff of the institution. There were good amount of responses gained at various campuses as well. The Banking Drive 2016, was a successful initiative undertaken by the ISR and Co-curricular committee of Symbiosis School of Banking and Finance as it helped us in promoting financial literacy and also helping the people to open the much needed bank accounts as they were facing tough after effects of demonetization.Photo Gallery
“There is no best time to plant a tree. It should be done as quickly as possible.” All of us have a duty towards the earth that is to sustain it’s greenery and to not destroy the trees that give us our basic need that we require for survival, which is oxygen.
As the first initiative for the academic year 2016-2017, the ISR committee undertook a tree plantation drive on the 1st of July, 2016 in the campus itself at 9:15 a.m. Trees were planted near the academic block and the parking space of Symbiosis School of Banking and Finance. All the faculty members, non-teaching staff and the director of the institute along with the students of the committee actively and enthusiastically participated in this drive. At 9:15 a.m. two members each from the junior committee and senior committee along with the head of the ISR committee, Dilip Sir went to receive our director, Manisha Ketkar Ma’am to flag off the tree plantation drive. The first tree was planted by our director ma’am and subsequently all the teaching, non-teaching and admin staff also planted the trees. First, the trees were planted near the academic block of the institution and later we all proceeded towards the parking area where two more trees were planted by the teaching faculty of the institution. The ISR committee has taken upon itself to maintain and take care of the trees planted in the premises as a part of the social responsibility of the institution to contribute towards the greenery of this beautiful campus and also discharging our duty towards mother nature. After the plantation program, photos were clicked in order to cherish this beautiful memory.
On behalf of the ISR committee, we would like to thank director ma’am, teaching, non-teaching and the admin staff who spared some time from their busy schedule, for their support and enthusiastic participation, which helped us make the first event of this academic year a great success.Photo Gallery