SymFin 2020—Virtual Research Conference on 28th & 29th August
SSBF held SYMFIN 2020 - National Virtual Conference on Frontiers of Banking and Finance: Reshaping the financial sector, on 28th and 29th August 2020. The two-day event kick-started on a felicitous note with Dr. Manisha Ketkar, Director, SSBF extending her warm regards to Dr. Abhishek Behl, distinguished alumnus of SSBF and the keynote speaker for the day.
Dr. Abhishek Behl is a researcher in the area of information technology and analytics. He successfully completed his first Ph.D. from Symbiosis International University in 2015. He has earned his second Ph.D. from the Indian Institute of Technology, Bombay. He holds a rich experience of teaching, research, and consultancy. He has also enjoyed the honour of being ‘Emerald Research Scholar’ awarded by Emerald Publishing House, UK, and Symbiosis International University, for notable contribution in research (2014-2016).
Dr. Abhishek enthusiastically began the session by opening up about his early life and how a research paper on a topic in his MBA journey at SSBF started his path to become the researcher he is today. He extended gratitude to SSBF for giving the right grade and not a good one which helped him ask the right questions, crucial for any research.
He extinguished everyone’s curiosity about the reason for a second Ph.D. by disclosing how he felt an irresistible calling to look for the answers of the research questions he had left behind. He believed he was buying time in pursuit of excellence and happiness as he rightly was.
He urged students to take up any research, not as a destination but a journey. “Research is what I am doing when I don’t know what I am doing,” such remarks by Dr. Abhishek Behl comforted all of us and gave the much-needed nerve to think unconventionally and innovatively. “Research for impact” was an important aspect of his address where he insisted students to work on any research not for rewards but for the love of research and for what we owe back to this society. The session came to an end with final remarks by Dr Abhishek about the importance of accepting failure and moving ahead in life.
The session was followed by presentations from students on research topics ranging from diverse areas of finance including corporate, mathematical, behavioural and development finance to supply chain, technology and portfolio management.
Guest session by Dr. K. S. Sujit
Symbiosis School of Banking and Finance was delighted to organize and host its second day of SYMFIN 2020 virtual Research Conference on 29th August 2020. The session commenced with the keynote address by Dr. KS Sujit, Associate Professor and Chairperson accreditation at Institute of Management Technology, Dubai.
Dr. KS Sujit shared his thought-provoking and insightful research journey about the oil economy. He laid emphasis on the whole politics we have ventured till now regarding the oil prices in India and across the globe. He also talked about the Middle-East where oil is the major source of wealth. Sir also covered the broad framework of oil as a commodity, its significance, price determination and what are the challenges faced by Middle-East and India in this span of time.
Sir enlightened about oil which is still considered as the number one primary source of energy. He analysed the amount of oil reserves we have, how long we can sustain and how the Middle East holds the major portion of the world's total oil reserves. Sir discussed the future of oil reserves, its effect on the economy and what steps should we take next for its conservation.
Taking the discussion forward, Sir shed some light on the important aspects of the oil economy such as its history, role of OPEC, how some countries used it as a political weapon and the fluctuations in oil prices.
Eventually the session came to an end with a Q&A session with the students. It was undeniably an informative session which kindled the hope among the listeners to delve deeper into this economy for future betterment.
Valedictory by Prof. Ajay Pandey
On 29th August, 2020: SSBF invited Prof. Ajay Pandey, Ex. Director and Academic Dean IIM A, to give a valedictory address upon the successful culmination of SYMFIN 2020.
“Research is to see what everybody else has seen, and to think what nobody else has thought.”
The session started with such encouraging words by Dr. Manisha Ketkar, our director Madam.
Prof. Pandey started on a cautionary note. He warned the students about the prevalent conditions and its effects on the market efficiency and future markets. He also warned the young researchers to avoid the tendency to leap to conclusions. “Research manifestation is not satisfied by the first thought you get in mind”, He said. It is wrong to have an “I know everything” attitude.
According to Prof. Pandey, Banking and Finance is a domain which has been going through transformation. He then talked about the importance of operations in the Banking and Finance sector, Technology and Quantitative models. He then moved on to the problems the Indian economy is facing due to the covid crisis like Job Losses, Pileup of NPA’s, underutilization of assets and slack of finance. His suggestions to improve these conditions were to hasten some of the things, use technology and reduce the risk by model based rather than discretion based.
At last, He was hopeful that some of us will push the envelope and continue to research. It is a good idea to keep the research culture alive. He wanted the students to not take research outcomes as a sales pitch and also focused on the importance of being skeptical as a researcher.
Then, Best paper awards were distributed to the most deserving candidates and there was a huge round of applause commending the efforts of all the people involved in the event.