COBCAM (Confluence of Banking and Capital Markets) 2016, the annual conclave of the Banking and Finance (BKFS) program of T. A. Pai Management Institute, Manipal, was held on the 28th of May 2016 at The Lalit Hotel in Mumbai. The event was attended by renowned guests from the banking and financial sectors. The Chief Guest for the event was Shri Deepak Mohanty, Executive Director of RBI. Dr. R. C. Natarajan, Director of TAPMI was also present for the event along with Professor Madhu Veeraraghavan and other faculty members of the institute.

Shri Mohanty discussed about the importance of regulation in the financial sector. He stressed on the importance of transparency in regulation and stated that “Trust is the essence of finance.” He delved into the role of banks in the economy and highlighted the perils of overleveraging of bank balance sheets which led to the global crisis of 2008. He believed that not only quantity but also quality of capital is important for banks. He discussed about the challenges ahead for the Indian banking system in terms of maintaining and improving the asset quality. On a concluding note he said that “Financial inclusion is important for Social inclusion” and urged banks to include more people into the formal banking system.

The Key Note Speaker for the event was Shri S. V. Murali Dhar Rao, Executive Director of SEBI. In his address, he spoke how the 2008 financial crisis was a big lesson for all countries and how it led to paradigm shifts in countries with regards to various aspects. He also spoke about the objectives for which SEBI was set up and how it has evolved since its inception. He took pride in the fact that the Indian securities market has become one of the most regulated and developed ones in the world. He also spoke of the various reforms that SEBI plans to undertake during the year while constantly aiming at creating and increasing investor awareness.

The event also included two panel discussions on the topics – “The impact of Payment Banks on the Indian Banking Sector” and “Taking advantage of the 7 year cycle in the stock market.” There were special mentoring sessions for the Banking and Finance students followed by a presentation on Risk Management and Financial Risk Management (FRM) by Mr. Lalit Taneja, Regional Director of GARP (Delhi Chapter). To conclude things, Ms. Monica Veer, a BKFS student of TAPMI, gave a student perspective of the BKFS program to all the guests which was followed by the Vote of Thanks.