RBI Symposium at MET

Workshop on Payment and Settlement Systems by RBI

MET Schools of Management organized an interactive workshop on ‘Payment and Settlement Systems – Reserve Bank of India’ on September 21, 2009 at MET Convention Centre. This event presented different topics by Management dignitaries from RBI. The workshop started with P Vasudevan, Dy. GM – RBI on Payment Systems – Importance, Concept & Risks (had covered basics settlement mechanisms, SIPS, core principles, various risks and the risk – mitigation efforts, initiative in movement from paper to electronic); Saswat Mahapatra, Dy. GM – RBI on overview of Retail & Large Value Payment Systems (had covered various products in paper & electronic modes, viz. cheque, cheque truncation, ECS/NECS, NEFT, RTGS); K Vijaykumar, Asst. Dy. Manager – RBI on Recent & Emerging Payment System Delivery Channel (had covered ATMs, Cards, Mobiles, EBT, Business Correspondents etc.); A G Ray, Dy. G M – RBI on Settlement Process in other Market Segments (had covered CLS, Forex Clearing, G-Sec Clearing, Equity / Bonds Clearing etc) and Ms. Nilima Ramteke, Asst. Dy. GM – RBI on Legal & Institutional Infrastructure for Payment Systems (had covered payment & settlement systems act, IT Act, CCIL, NPCI, IDRBT etc) .

The enthralled MET management students had an interactive Q & A session with the seniors - G Padmanabhan, Chief GM – RBI, Arun Pasricha, General Manager – RBI and the Managerial team of RBI.

Prof. Vijay Page, Director General – MET IOM gave a welcome address to the representative delegates and the guests at the RBI – Symposium on Exchange Management programme. Prof. A Nerkar, Dean, Student Development and Academic Excellence – MET along with Brig. M K Nag, Director – MET AMDC co-ordinated, conducted and thanked the guests and delegates for presenting such an enormous symposium.

The presentations were by A K Salvi, Dy. GM – RBI topic on Exchange Management – Historical Evolution followed by S M Pillai, GM - RBI on Macro Economic Management with special reference to Forex this was then followed by Harsh Kumar Gautam, Asst. GM – RBI on FEMA – capital flows – inward/outward and facilities for residents and non-residents; Harita Thacker, Asst. GM – RBI on Hedging/Currency Futures; Deepak Kumar, Dy. GM on compounding and Vanita K Venugopal, GM on Trade.

Concluding into a open discussion forum, which was co-ordinated by Salim Gangadharan, CGM in Charge of Foreign Exchange Department – RBI and D Mishra, Chief GM – RBI.

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