Mr.Lav Chaturvedi, Chief Risk Officer Reliance Capital underscored the need for enhanced business confidence and sentiments to pave the way for a quicker recovery. He also pointed out that capital adequacy ration of banks and financial institutions in US is still very low they should be further re-capitalized to improve their fundamentals. The fundamentals of bail-out packages should be more realistic and it should not be such which socialize losses and privatize profits.
Mr.Vivek Sood, CFO, Tata AIG observed that the insurance penetration of four per cent in India should be enhanced considerably to provide for financial security. Though the interest rates have come down, he wondered whether it could be on a sustainable basis. Tightening of regulatory mechanisms, disclosures etc have to resorted to ward of a repeat of the economic slowdown.
Others who spoke at the meeting included Dr J Shettighar, Professor and Advisor, BIMTECH, Mr. Tarun Bhargava, CFO, Loop Mobile- Essar and Dr Harish Ahuja, Director, Finance-JERC.
Birla Institute of Management Technology
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