The first session was conducted by Mr AK Rajwade. He is a part of The Expert Group on Development of the Foreign Exchange Markets in India (1995) and Committees on Capital Account Convertibility (1997 and 2006) appointed by the Reserve Bank of India, Advisory Council of Currency Derivative Segment for MCS Stock Exchange Ltd and the Executive Committee (Futures and Options Segment), National Stock Exchange. His talk threw light on various aspects of risk management and the current financial environment. He also spoke about the history of banking and the economic philosophies that has led to the financial crisis in recent times.
The second Diksha session was conducted by Mr. Krishna Majithia, the Director, Head of Market Risk Management for India, Sri Lanka and Bangladesh at Citibank. Mr Majithia shared a first hand perspective on the risk management and risk mitigation strategies applied by banks. His talk traced a series of events leading up to the current financial situation and the steps that would have to be adopted by the practitioners of financial management to deal with the after effects of this financial downturn.