Mumbai/Bhubaneswar, Feb 23: The National Stock Exchange of India (NSE) and IIM Kozhikode jointly organised the 2nd Annual Conference on Macroeconomics, Banking & Finance at the NSE Corporate Office in Mumbai on February 21.

The event was co-sponsored by Axis Bank and Bank of Baroda. The theme of the conference was "Finance for Growth Amid Creative Disruptions”.

The conference started with the lamp lighting ceremony in the presence of M. Rajeshwar Rao (Deputy Governor, RBI), Sriram Krishnan (Chief Business Development Officer, NSE), Debashis Chatterjee (Director, IIM Kozhikode) and Mridul Saggar (Head, Uruppika). The conference featured engaging panel discussions between eminent speakers from the market, regulators and academia, exploring how finance can drive growth in the face of creative disruptions.

Additionally, the discussions explored how emerging market economies can navigate financial shocks and leverage innovative financial strategies to maintain stability and drive growth amid creative disruptions.

The event concluded with the valedictory session, where Duvvuri Subbarao, former Governor, RBI, engaged in a thought-provoking fireside chat with Ira Dugal, India Financial News Editor, Reuters, reflecting on macro-financial stability amid evolving global challenges.

Sriram Krishnan, Chief Business Development Officer, NSE said, “We are proud to host the 2nd Annual Conference, bringing together leading experts to discuss the evolving role of finance in driving economic growth. The exchange, alongside the banking sector, has been instrumental in capital formation, enabling businesses to raise long-term funds and sustain their growth trajectories. As global financial dynamics continue to shift, fostering innovation and adaptability is imperative to achieving sustainable and inclusive growth."

Prof. Debashis Chatterjee, Director, IIM Kozhikode, said, “As the world of finance reshapes itself, two paramount questions are whether businesses are up to speed to innovate to stay afloat and buoy amid these destructive and creative waves; and whether finance can be more democratised to improve financial reach for shared prosperity as jobs will be lost and re-created. Education can be partnered with business and finance to meet these challenges.”

Prof. Mridul Saggar, Head, Uruppika, said, “Big bang disruptions are coming in a myriad way. AI can propel hitherto languishing multi factor productivity growth. Climate finance can foster green jobs and make our planet more livable. Institutional finance is disrupted by fast-paced electronic markets but may later be replaced by last-mile differentiated finance, helped by generative AI. Finance will now deliver but needs reinforced focus on macro-financial stability.”

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