The Knowledge Workshop on Liquidity was held on the 25th of June in Sofitel, BKC Mumbai. The workshop was organized by INRBONDS.com as part of its first anniversary initiative. Participants were fund managers, bankers and corporate treasurers. Participating organizations included HDFC MF, ICICI Prudential MF, Birla Sun Life MF, Reliance MF, SBI MF, IDFC MF, Kotak MF, DSP Blackrock MF, L&T MF, Sundaram MF, Birla Sun Life Insurance, Bajaj Allianz Insurance, ICICI Lombard Insurance, Reliance, Vedanta, ICICI Bank, ING Vysya Bank, Indus Ind Bank, Sunidhi Securities.
Day and Date: Wednesday, 25th June 2014
Venue: Sofitel, BKC, Mumbai
Time: 9:00 am to 6:00 pm
Lunch: 1:30 pm to 2:30 pm
Ramana Kumar, ING Vysya Bank, Head ALM
"The first session, from Mr P Krishnamurthy was outstanding. Given his experience at India's central bank, his deep and practical insights on RBI's approach to liquidity management was very valuable. His narration had a great deal of clarity on important concepts such as monetary base. In addition, he has a fine sense of humour that really enlivened the proceedings.
Mr Naveen Srinivasan's lecture on macro-economics was a fine rendition on some basic concepts. It made the link between economic models and theory and intent on monetary policy actions and how it finally translates into liquidity in the banking system.
Arjun's perspectives on central banks around the world were very useful. More importantly, his perspectives on markets in general, across CDS levels, forward rates, sovereign yields etc. is different from what is usually seen among Indian analysts. Having myself been a money manager in international markets, I can say that such perspectives need to be paid greater heed by market participants.
The team activity served a good purpose. I thought the essential objective of the workshop, viz., hone/enhance skills of participants to assess liquidity conditions appropriately, was largely achieved.
Wishing the team continued success in all its endeavours."