The Finance Society, Faculty of Management
Studies are proud to present
The Bankers’ Summit 2009
Sunday, 20th September 2009
Session 1: Banking after the Bubble
Mr. Anirban Lahiri - CEO, Deutsche GMC
Mr. Sanjeev Bhasin - MD, DBS
Mr. Hugh Sandeman - MD, Langham Capital
Shri T.M Bhasin - ED, United Bank of India
Shri S.C. Sinha - ED, Oriental Bank of Commerce
Session 2: Evolution of the Private Equity Ecosystem
Mr. Avinash Gupta - Head, Transaction Advisory Services, Deloitte
Mr. V Jayasankar - Head, Financial Sponsors' Group, Kotak Investment Banking
Mr. Munish Dayal - MD, Barings Private Equity Partners
Mr. Udai Dhawan - Director, Standard Chartered Private Equity
Mr. Muneesh Chawla - MD, Blue River Capital
Mr. Ajay Garg - MD, Equirius Capital
Mr. Paresh Thakker - MD, Religare Advisory Services Private Limited
Venue
Stein Auditorium
Habitat World, at IHC
Lodhi Road
New Delhi-110003
For More Details Contact: Nirmal: +91 9717798543 or Ronak: +91 9717864672
The Bankers' Summit 2009 aims to highlight the changing dynamics of the banking industry as a whole as well as the evolution of the Private Equity industry in response to the recessionary times of today. The conference is scheduled on the 20th September, 2009 and will address key issues in the two sessions
Session 1: Banking after the Bubble
After the credit crisis, that has seen the world economy shrink by 0.5% to 1 %, the largest contraction since the Great depression, and an estimated $4 trillion erosion of worldwide wealth, the way forward for global financial markets still remains a widely debated issue. While the extent of potential damage for India has been highly scaled down due its strict regulatory policies, rising loan delinquencies in India’s banking system are still challenging asset quality as well as profitability, with reports estimating gross bad debts to treble over the next two years. The current recession most certainly calls for a worldwide regulatory body that ensures no single economy has the power to hold the entire global financial system to threat, but is such a concept feasible to implement? How will we, in this age of globally interlinked markets ensure a cycle proof regulatory system immune to the vagaries of boom and bust? Who will ultimately have the upper hand in the trade off between financial stability and financial innovation? Is draconian re-regulation the only way to ensure that such a systemic collapse does not recur again and what role will capital cushioning play with regards to the same? While fiscal stimulus can be effective in shortening the life of a recession how appropriate will it be for a nation like India with pre existing high debt levels? And most of all, what lessons will today’s reality leave behind for generations to learn from?
Session 2: Evolution of the Private Equity Ecosystem
Ever since the global credit crisis hit home, high value erosion on historical investments and mismatch of valuation expectations have impacted private equity transactions. In addition, the overall liquidity crunch has taken a toll on the public issue plans of Indian companies thus leaving very few exit options open for PE funds. VCs don’t have it easy either, what with challenges on both ends of the in-vestment cycle, the tight liquidity markets as well as cash strapped limited partners.
What significant changes will the PE landscape see in such a scenario? Despite the renewed vigour for secondary transactions and steady growth of investment appetite, is there enough capital available in the system to commit? Will the slow opening up of credit lines inspire enough confidence and attract investment? What direction will cross border movement of funds follow? Internationally, will buyout funds end up in history text books and regulation and taxation policies impair the wealth creating potential of this industry?
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