Episode 2: Braving the pandemic: Banks and non-banks
What are the challenges facing the Indian banking system in dealing with the economic shock?
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Wednesday, February 17 | 11:30 IST | 14:00 HKT
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14:00
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14:05
Panel Discussion: Braving the pandemic: How did Indian banks and non-banks navigate the unprecedented shock?
• Will support measures help mitigate risks to asset quality?
• Is the worst over for the NBFCs?
• Governance reforms at banks: What are the challenges and opportunities?
• What are the structural trends to look out for in the medium term? -
14:55
Speakers
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Michael Foley, Vice Chairman, Asia Pacific, is a senior member of the Moody’s Investors Service Regional Management team. Based in Singapore, Mr. Foley is also on the Board of Directors of ICRA Limited, a leading credit rating agency in India and a Moody’s affiliate. In his prior role as Managing Director, Global Financial Institutions, he was responsible for Moody’s Banking, Insurance and Managed Investment rating businesses in the Americas, EMEA and Asia. Mike joined Moody’s from the Board of Governors of the Federal Reserve in Washington, D.C. where he was the Senior Associate Director of Banking Supervision and Regulation from 2008 until 2012. While at the Federal Reserve, he managed a group responsible for the supervision of large, complex domestic and foreign banking organizations regulated by the Federal Reserve.
Prior to his role at the Federal Reserve, Mike spent 14 years at Moody’s in a number of roles. His last position, in 2007, was Managing Director, Fundamental Business Management. From 2002 to 2006, Mike was Managing Director, Regional Head for EMEA, where he had responsibility for Moody’s offices in Europe, as well as for Moody’s affiliate relationships, and matrix responsibility for EMEA ratings and research activities. From 1997 to 2001, Mike was a Managing Director in Corporate Finance managing ratings for telecom, media and technologies, energy, utilities, healthcare and basic industries. He was also a Managing Director in Finance, Securities and Insurance from 1996 to 1997 and a Vice President in the Financial Institutions Group from 1993 to 1996.
Before Moody’s, Mike worked at KPMG Peat Marwick and the Federal Reserve in Washington, D.C.
Rajnish Kumar is the former Chairman of India’s largest bank, State Bank of India (SBI).
During his three-decade-long stint in SBI, Rajnish held several senior positions in the bank including the Managing Director and Chief Executive Officer of SBI Capital Markets Limited, the merchant banking arm of SBI.
Mr. Karthik Srinivasan is Senior Vice President and Group Head – Financial Sector Ratings at ICRA Limited.
He holds a B.E. degree in Electronics Engineering from the K J Somaiya College of Engineering, Mumbai University, and a Masters in Management Studies (Finance) from the Narsee Monjee Institute of Management Studies, Mumbai University. He also holds the CFA charter awarded by the CFA Institute, USA.
Karthik has an aggregate work experience of around 23 years, out of which he has been associated with ICRA for nearly 20 years.
Alka Anbarasu is a Vice President and Senior Credit Officer for the Financial Institutions Group in Asia. Based in Singapore, she is responsible for the credit ratings of banks in India, Malaysia, Indonesia, Sri Lanka and Singapore. She is also responsible for ratings of non-bank financial institutions in India.
Prior to joining Moody’s in 2013, Alka worked at J.P. Morgan in London for several years, where she was part of the Investment Banking – M&A team for European Financial Institutions. She has also worked for ING Vysya Bank as an Assistant Manager, focusing on retail and commercial banking clients.
Alka completed her undergraduate degree from University of Mumbai and holds an MBA from the Xavier Institute of Management in India.
Srikanth Vadlamani is a Vice President – Senior Credit Officer for the Financial Institutions Group in Asia. Based in Singapore, he is primarily responsible for the credit ratings of banks and finance companies in India, Indonesia and Sri Lanka.
Prior to joining Moody’s, he was a Director in Daiwa Securities’ research department in Singapore, where he was responsible for the coverage of banks in the ASEAN region. He has also worked for other investment banks, including J.P. Morgan, Lehman Brothers and Nomura, where he covered banks and other financial institutions in India, Southeast Asia and emerging Europe.
Srikanth holds an MBA from the Indian Institute of Management, majoring in Finance and Economics.
As President of Ratings, Ramnath Krishnan is responsible for driving strategy at ICRA Limited, the Group’s ratings business, strengthening analytical capabilities, providing thought leadership and managing client relationships. Over the course of his 33-year long journey in banking and finance, Krishnan has proved his leadership in successfully managing large teams building businesses across geographies. Prior to ICRA, Krishnan was the Chief Risk Officer at RBL. Prior to that he was with HSBC, for 23 years, where he had held senior positions in wholesale banking, private banking, investment banking and risk management, in India and overseas.
Krishnan is an Economics Graduate from Loyola College, Chennai. He is a Chartered Accountant from The Institute of Chartered Accountants of India and a Cost & Works Accountant from the Institute of Cost & Works Accountants of India.
Michael Foley, Vice Chairman, Asia Pacific, is a senior member of the Moody’s Investors Service Regional Management team. Based in Singapore, Mr. Foley is also on the Board of Directors of ICRA Limited, a leading credit rating agency in India and a Moody’s affiliate. In his prior role as Managing Director, Global Financial Institutions, he was responsible for Moody’s Banking, Insurance and Managed Investment rating businesses in the Americas, EMEA and Asia. Mike joined Moody’s from the Board of Governors of the Federal Reserve in Washington, D.C. where he was the Senior Associate Director of Banking Supervision and Regulation from 2008 until 2012. While at the Federal Reserve, he managed a group responsible for the supervision of large, complex domestic and foreign banking organizations regulated by the Federal Reserve.
Prior to his role at the Federal Reserve, Mike spent 14 years at Moody’s in a number of roles. His last position, in 2007, was Managing Director, Fundamental Business Management. From 2002 to 2006, Mike was Managing Director, Regional Head for EMEA, where he had responsibility for Moody’s offices in Europe, as well as for Moody’s affiliate relationships, and matrix responsibility for EMEA ratings and research activities. From 1997 to 2001, Mike was a Managing Director in Corporate Finance managing ratings for telecom, media and technologies, energy, utilities, healthcare and basic industries. He was also a Managing Director in Finance, Securities and Insurance from 1996 to 1997 and a Vice President in the Financial Institutions Group from 1993 to 1996.
Before Moody’s, Mike worked at KPMG Peat Marwick and the Federal Reserve in Washington, D.C.
As President of Ratings, Ramnath Krishnan is responsible for driving strategy at ICRA Limited, the Group’s ratings business, strengthening analytical capabilities, providing thought leadership and managing client relationships. Over the course of his 33-year long journey in banking and finance, Krishnan has proved his leadership in successfully managing large teams building businesses across geographies. Prior to ICRA, Krishnan was the Chief Risk Officer at RBL. Prior to that he was with HSBC, for 23 years, where he had held senior positions in wholesale banking, private banking, investment banking and risk management, in India and overseas.
Krishnan is an Economics Graduate from Loyola College, Chennai. He is a Chartered Accountant from The Institute of Chartered Accountants of India and a Cost & Works Accountant from the Institute of Cost & Works Accountants of India.
Rajnish Kumar is the former Chairman of India’s largest bank, State Bank of India (SBI).
During his three-decade-long stint in SBI, Rajnish held several senior positions in the bank including the Managing Director and Chief Executive Officer of SBI Capital Markets Limited, the merchant banking arm of SBI.
Mr. Karthik Srinivasan is Senior Vice President and Group Head – Financial Sector Ratings at ICRA Limited.
He holds a B.E. degree in Electronics Engineering from the K J Somaiya College of Engineering, Mumbai University, and a Masters in Management Studies (Finance) from the Narsee Monjee Institute of Management Studies, Mumbai University. He also holds the CFA charter awarded by the CFA Institute, USA.
Karthik has an aggregate work experience of around 23 years, out of which he has been associated with ICRA for nearly 20 years.
Alka Anbarasu is a Vice President and Senior Credit Officer for the Financial Institutions Group in Asia. Based in Singapore, she is responsible for the credit ratings of banks in India, Malaysia, Indonesia, Sri Lanka and Singapore. She is also responsible for ratings of non-bank financial institutions in India.
Prior to joining Moody’s in 2013, Alka worked at J.P. Morgan in London for several years, where she was part of the Investment Banking – M&A team for European Financial Institutions. She has also worked for ING Vysya Bank as an Assistant Manager, focusing on retail and commercial banking clients.
Alka completed her undergraduate degree from University of Mumbai and holds an MBA from the Xavier Institute of Management in India.
Srikanth Vadlamani is a Vice President – Senior Credit Officer for the Financial Institutions Group in Asia. Based in Singapore, he is primarily responsible for the credit ratings of banks and finance companies in India, Indonesia and Sri Lanka.
Prior to joining Moody’s, he was a Director in Daiwa Securities’ research department in Singapore, where he was responsible for the coverage of banks in the ASEAN region. He has also worked for other investment banks, including J.P. Morgan, Lehman Brothers and Nomura, where he covered banks and other financial institutions in India, Southeast Asia and emerging Europe.
Srikanth holds an MBA from the Indian Institute of Management, majoring in Finance and Economics.