IMT-G's Riscon'11 delivered more than it promised

The finance fraternity of IMT-Ghaziabad gained a lot of valuable input from the Institute of Management Technology, Ghaziabad’s Riscon ’11, the annual conclave on risk management held November 12-13, 2011.

Organized by FinNiche, the finance club of IMT-G, Riscon seeks to identify and find solutions to risks involved with various aspects of the financial/business world.

The annual gathering provides a platform to share ideas, address concerns, and analyze risks through knowledge-sharing sessions, panel discussions by industry experts and a series of B-school events.

Riscon ’11 consisted of two sessions – a technical session followed by a panel discussion. The technical session dealt with the topic “Effects of RBI’s monetary policy to tackle inflation” with key speakers being Ajay Sahai, CEO and DIR, FIEO; Rajeshwar Rao, CGM, RBI and J.K. Mallik, DIR, DEPR, RBI.

The panel discussion on the second day of the event had “Impact of Euro debt crisis on Global Economy” as its topic. The audience heard Sunil Nair, DGM, RBI; C.M. Khurana, GM, OBC; B.S. Ratnakar, GM, CBI; P. T. Giridharan- Director, Institute of Charter Accountants of India; Vishesh Srivastava, Assistant GM, PNB; Ramit Gupta GM, IBM and many other leaders in the field.

As a part of the conclave, RISCON ’11 also presented “Shreyas Nidhi”, a competition based on mutual funds and risks associated with them. After successfully clearing Round One: Road to Finals (an online quiz competition), students gathered for Round Two: Face Off where they had to present a case analysis to the jury.

Topics available were Google’s purchase of Motorola Mobility; Piramal Healthcare acquiring a 5.5 per cent stake in Vodafone; the Hero Honda de-merger; and the merger of AT&T and T-Mobile.

B-Schools from across the country competed with the finals seeing teams from: Symbiosis Institute of Management Studies, Pune; Indian School of Business, Hyderabad; N.L. Dalmia, Mumbai; Welingkar Institute of Management, Mumbai; Faculty of Management Studies, Delhi; Indian Institute of Finance, Noida; Indian School of Business, Hyderabad; Indian Institute of Management, Shillong; Faculty of Management Studies, Delhi and Management Development Institute, Gurgoan competing for the top prize of Rs 7000.

The topic was timely, for as FinNiche said in its invitation to attend: “With the recent strengthening in rules and regulations, employee-related lawsuits and reliance on key resources, risk management is rapidly becoming a management practice that is every bit as important as financial or facilities management for the top management from a strategic viewpoint.”

Riscon is one of two key sessions organized by FinNiche at IMT-G, the second being Bancon – the Banking Conclave which looks at the intricacies of the Indian banking system and how banking trends will help India’s economy transition from post-recession recovery to robust growth.

A mammoth affair, RISCON ’11 whipped up tremendous interest, thanks to the relevance it holds for today’s investor.