Finatix, the Finance Club of IIM Raipur conducted an interactive session with Mr. Pramod Kasat, Country Head, Investment Banking Advisory Services Group, IndusInd Bank. Mr. Kasat talked at length on the topic Global Financial Risk and Opportunities, offering invaluable insights to the students.
The session began with an overview of the various risks that posed a considerable threat to businesses, with United States’ sanctions on China being a major one, followed by Brexit 2.0 and the Yellow Vest Movement in France. Mr. Kasat illustrated how each of these risks could prove potentially crippling to the economies of the world. Following this he took a more inward look and talked about the more common and more frequently occurring threats regarding intellectual property.
The next part of the session focused on the Indian economy and the opportunities that present themselves before it. Mr. Kasat argued that a 6% GDP growth should be theoretically achievable under all circumstances owing to the economy being a consumption-based economy by disposition. He exemplified the aforesaid by talking about how India has jumped from the 155th position to the 1st position in terms of digital consumption, thanks to Jio. He also mentioned how it was only possible due to Jio’s investment of INR 30 billion into the economy.
Mr. Kasat continued on digitalization and talked about how previously physical processes are increasingly becoming more digitized, such as the KYC process for one. Per estimates, roughly a third of the country has achieved complete digitization with nearly 49% of it being because of Jio.
The last leg of Mr. Kasat’s session focused on investment banking, and the larger role it plays as a function of the banking industry. He provided a general overview followed by explanations on financial services, the global banking structure, investment banking products and universal banks, among other related topics.
Following the lecture, a question and answer session took place where the students clarified any doubts they had regarding the session.
The session proved to be quite an enlightening one for the students and left their queries on investment banking and economic risks as a whole satiated.
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