SPJIMR’s Centre for Financial Studies (CFS) contributes perspectives and policy advice to the financial services industry in Mumbai and beyond, in the areas of Financial Innovation and Markets & Risk. CFS deploys an extensive network of industry experts and faculty to offer specialised training programs to financial institutions. The Centre’s thought leadership efforts are currently focused on FinTech innovations and on adapting Environmental, Social, and Governance (ESG) frameworks to Indian conditions.
With rapid changes in the business landscape, driven by technology & global forces, every manager constantly needs to upskill to stay relevant & achieve career growth. CFS has deep expertise in both traditional areas and emerging areas of Finance. Our key focus areas are. Across these focus areas, we cover FinTech, ESG, Capital Markets, Risk, Investment Banking and more.
We leverage our expertise to offer high-quality short-duration education programs; called Management Development Programs (MDP). SPJIMR’s illustrious faculty, with some of the best scholars and practitioners in the industry, designs and conducts these MDPs
To date, we have executed over six programmes for 360 hours. These programs have been well received and helped over 200+ participants bridge skill gaps required to take their careers to the next level as well as make an enhanced impact on their organisations.
- Management Development Programs (MDPs)
CFS offers customised and open Management Development Programs (MDPs) for corporates and individuals.
- Customised MDPs
CFS partners with leading names in the industry to offer customised Management Development Programs. These programs are designed to meet the unique training & developmental needs of the Corporates. The institute’s world-class infrastructure consisting of modern classrooms, FinTech Lab and Design Thinking Lab provides an excellent learning environment that helps participants to refocus and immerse themselves into the courses designed for them.
These courses can also be designed and conducted at a mutually convenient date and venue and offered either in online or offline mode.
Our portfolio of Customised MDPs includes a diverse mix of themes across our focus areas - Financial Innovation and Markets & Risk. Some of these courses cover the following topics:
- Financial Strategies for CXOs
- Corporate Finance & Risk Analysis
- Strategic Perspectives in FinTech and Blockchain
- Budgeting, Planning, and Forecasting
- Boot camp in Investment Banking & Capital Markets
- Credit Analysis & Credit Structuring
- Advanced course in Capital Markets & M&A Advisory
- Project Finance & Financial Modelling
In addition, CFS also partners with world-class faculty from other SPJIMR departments, such as Organisation and Leadership Studies, to offer best-in-class Leadership and Team Management courses. We have engagements with leading corporates to provide customised, combined, functional and leadership courses covering Finance, Team Management and Leadership.
To know more about these courses, please connect:
- Open MDP’s
SPJIMR also offers several open programmes for individuals to bridge their skill gaps as live virtual certification programmes in FinTech, Block Chain, Financial Analytics, Risk Management & more.
These courses are sought after by participants ranging across the leadership hierarchy from junior staff to c-suit level.
- Customised MDPs
CFS undertakes Research, Conferences & Webinars, Consulting and Education in Financial Innovation and Markets & Risk. These areas cover some of the most contemporary areas of focus in Finance and CFS is coveted for its thought leadership driven by SPJIMR’s world-class faculty and infrastructure.
- Financial Innovation
Financial services are seeing a spate of innovations and disruptions through technology and innovative concepts in lending, structuring, and risk management.
At CFS, we have developed thought leadership on some of the leading innovations in Finance. In Fintech, CFS studies new technologies in Payment Systems, Blockchain applications in lending and banking, Artificial Intelligence and Machine Learning Applications in Text Mining, Behavioural Finance, and Credit Scoring, among others. It also emphasises studying the evolving innovations in Lending and Structuring.
Another segment of financial innovation focuses on ESG/Sustainable Finance. Sustainable Finance integration Environmental, Social, and Governance (ESG) criteria into financial services. By integrating Sustainability and ESG factors into the business models and culture, Sustainability Reporting has become a standard practice in finance. The ESG segment of the Centre for Financial Studies at SPJIMR aims to accelerate the transition to a more sustainable economy, by promoting the finance community’s contribution to realising the SDGs. The Centre aims to include meaningful world experiences for learners, develop collaborative faculty research to generate new knowledge about the pressing challenges in emerging economies and connect leaders to form peer networks for developing innovative programs.
- Markets & Risk
Markets & Risk covers some of the mainstay areas of finance such as Capital Markets, M&A Advisory, Alternative Investments, Project Financing, Risk Analytics & Quantitative Finance and Risk Advisory.
The Academic Council for Markets & Risk works with the Advisory Council to produce high-quality white papers & thought leadership covering contemporary problems and topics seeking ideation and debate in these areas.
For more information on these initiatives, please connect
29-Sep-22 Life at an Investment Bank Mr. Shantanu Sahai - Former MD & Head of Debt at Nomura Click to watch 12-Jul-22 Srini Sriniwasan & Ananth Narayan Speak On SEBI Lens On Alternate Investment Funds Srini Sriniwasan & Ananth Narayan Click to watch 12-Jul-22 G Padmanabhan And Ananth Narayan Shares Their Views On RBI Steps To Boost Rupee G Padmanabhan And Ananth Narayan Click to watch 7-Jul-22 Ananth Narayan expects India Inflation to peak at 8% in Aug/Sept 2022 Prof. Ananth Narayan Click to watch 7-Jul-22 State Of The Economy: RBI Liberalises Forex Rules. How Will It Impact The Rupee? Prof. Ananth Narayan Click to watch 1-Jul-22 Insights into Financial Markets - July 2022 B Prasanna - Head of Global Markets, ICICI Bank Click to watch 29-Jun-22 Reflections on investments, risk management, and financial markets - Sriram Mahadevan, Azim Premji Foundation Click to watch 30-Oct-21 A fireside chat with a custodian of trust Mr. Rajnish Kumar – Former Chairman SBI 23-Apr-21 Value Me, You Must – A Jedi Guide to Valuation Prof. Aswath Damodaran, Kerschner Family Chair in Finance Education and Professor of Finance at Stern School of Business,New York University. Click to watch 12-Dec-20 Corporate Governance and India’s Financial Sector Mr. Amit Tandon – MD and Founder - Institutional Investor Advisory Services India Limited (IiAS). Mr. Sandeep Hasurkar - Investment Banker. Mr. Tamal Bandyopadhyay - Consulting Editor - Business Standard 19-Nov-20 The COVID Policy Window; Progress and Opportunities. Mr. Manish Sabharwal, Chairman and Co-Founder of Teamlease Services 10-Nov-20 Third Generation Reforms for India's Growth & Development Click to watch 21-Oct-20 India's Third Pillar - The Way Forward. Dr Raghuram Rajan - former Governor RBI and former Chief Economist of the IMF. 29-Aug-20 MSME’s – Breaking out of the Chakravyuh Dr. Nirvikar Singh, Distinguished Prof of Economics, University of California, Santa Cruz. Mr. Varadhan TR, MD, Mascot Systems Pvt Ltd. Mr. Manish Jaiswal, MD & CEO of Magma Housing Finance & SME Business 18-Aug-20 Reflections on Banking & Governance in India Click to watch 1-Aug-20 Quest for Restoring Financial Stability in India Dr Viral V. Acharya,Former Deputy Governor, Reserve Bank of India 14-Jul-20 Reviving India’s Economy - What the Pundits Say Dr. Pronab Sen: Country Director, India Programme of the International Growth Centre (IGC) and former Chief Statistician of India. Dr. Venkatraman Anantha Nageswaran: Member, Economic Advisory Council to the Prime Minister, Government of India. Dr. Rathin Roy:Director and Chief Executive at National Institute of Public Finance and Policy. Ms. Ira Dugal: Editor - Banking, Finance & Economy Bloomberg Quint 5-Jul-20 Economy & Markets: Is there a Dichotomy? Mr. Taher Badshah President and CIO (Equities) Invesco Mutual Fund Mr. Mrinal Singh Dy CIO: Equity, ICICI Prudential Asset Mgmt. Co Mr. Aashish Agarwal Country Head – Jefferies India Pvt Ltd Click to watch 26-Jun-20 Editors Speak - Reflections On Economics And Journalism Ms. Latha Venkatesh Banking Editor at CNBC TV18 Ms. Menaka Doshi Managing Editor at Bloomberg Quint Ms. Monika Halan Consulting Editor at Mint, HT Media Mr. Tamal Bandyopadhyay Consulting Editor at Business Standard Click to watch 27-May-20 Indian Economy: Navigating through a Crisis Dr. Duvvuri Subbarao - Former Governor, RBI Dr. Montek Singh Ahluwalia - Former Deputy Chairman, Planning Commission 10-May-20 A session on Nifty by SPJIMR's Centre for Financial Studies (CFS) Mr Umeshkumar Mehta - Research Head at SAMCO Securities & Founding team member of Indian Trading League Click to watch 24-Feb-20 Dr Sam Priyadarshi- session with SPJIMR students & finance industry Dr Sam Priyadarshi Click to watch 24-Feb-20 SPJIMR CFS session on market risk management by Dr Sam Priyadarshi Dr Sam Priyadarshi Click to watch 9-Nov-19 CFS - Panel Discussion 'Savings - The Rocky Road Ahead' - Part -2 Mr Prateek Pant (Co-Founder-Head of Products and Solutions at Sanctum Wealth Management), Mr Suraj Kaeley (Former Group President, Sales & Marketing at UTI Mutual Funds), Mr Harsh Roongta (Investment Advisor), Pritam Kumar Patnaik (Business Head - Reliance Commodities Ltd. & Head PCG Sales). Click to watch 9-Nov-19 CFS - Panel Discussion 'Savings - The Rocky Road Ahead' - Part -1 Mr Prateek Pant (Co-Founder-Head of Products and Solutions at Sanctum Wealth Management), Mr Suraj Kaeley (Former Group President, Sales & Marketing at UTI Mutual Funds), Mr Harsh Roongta (Investment Advisor), Pritam Kumar Patnaik (Business Head - Reliance Commodities Ltd. & Head PCG Sales). Click to watch 10-Oct-19 CFS launch - Panel Discussion Ms Latha venkatesh Mr Samiran Chakraborty Mr Nimesh Shah Mr Ketan Dalal Mr Alok Kshirsagar Mr Prof. Ananth Narayan Click to watch 10-Oct-19 CFS launch - Fireside chat by Ms Arundhati Bhattacharya Ms Arundhati Bhattacharya Click to watch 10-Oct-19 CFS launch - Key address by Mr Deepak Parekh Mr Deepak Parekh Click to watch 10-Oct-19 CFS launch - Introduction to CFS Prof Neeraj Swaroop & Dr Ranjan Banerjee Click to watch 13th - 15th December 2021 12th Emerging Markets Conference Organised by xKDR Forum, SPJIMR's Centre for Financial Studies and Vanderbilt Law School Conference Click to watch Faculty Name Topic/Title Publication Published Date Weblink Dr. Pragya Gupta Did the Indian Debt Markets Miss a Game Changer Opportunity Again? Financial Express October 30, 2022 Link Ms. Mansi Gupta Is ESG at the risk of becoming a smokescreen? Forbes India September 27, 2022 Link Dr. Tulsi Jayakumar 'India’s startup ecosystem should adapt to tight money conditions' Mint September 18, 2022 Link Prof Ananth Narayan A large chunk of RBI's forex reserves is funded by less durable flows MoneyControl August 23, 2022 Link Dr. Preeta George and Chinmay Joshi Rupee internationalisation, a step in right direction by RBI; must look at long term, sustainable solutions The Financial Express August 12, 2022 Link Mr. Manoj Mohan RBI governor’s recipe for banks of the future: Oodles of social media, new tech & a dash of human touch Publication Business Insider August 2, 2022 Link Dr Hemant Manuj RBI recommends banning cryptocurrencies, industry shows concern Indian Television July 26, 2022 Link Prof Ananth Narayan A relook at RBI's extraordinary steps in 2013 to stabilise rupee MoneyControl July 26, 2022 Link Prof. Ananth Narayan A relook at RBI's extraordinary steps in 2013 to stabilise rupee MoneyControl July 26, 2022 Link Dr. Hemant Manuj Should you invest in the stock market right now? Forbes India July 19, 2022 Link Prof Ananth Narayan RBI allows payments for international trade in rupee The Telegraph July 12, 2022 Link Prof Ananth Narayan RBI allows settlement in rupee to settle trade with Russia, Sri Lanka Business Standard July 12, 2022 Link Prof Ananth Narayan Rupee Settlement For International Trade: What Changes? BQ Prime July 11, 2022 Link Prof Ananth Narayan Unhedged exposure via external commercial borrowing new threat to rupee Business Standard July 11, 2022 Link Prof Ananth Narayan A jump in forward premiums could ease pressure on Rupee The Economic Times July 08, 2022 Link Prof Ananth Narayan RBI dangles carrot, but NRI deposits might not match up Mint July 08, 2022 Link Prof Ananth Narayan Impossible trinity returns to test RBI Economic Times July 08, 2022 Link Prof Ananth Narayan Impossible trinity returns to test RBI Economic Times July 08, 2022 Link Prof Ananth Narayan RBI's market operations helped banks in funding during Covid, says study CNBC TV18 July 07, 2022 Link Dr R. K. Pattnaik Are we headed for an external sector crisis? The Hindu Business Line July 07, 2022 Link Prof. Ananth Narayan Why India needs retail participation in fixed income markets, and how July 05, 2022 Link Prof. Ananth Narayan Redemption pressure of Short-term debt to add to RBI's forex management challenges The Economic Times July 05, 2022 Link Faculty Name Topic/Title Date Weblink Ananth Narayan Are there large open positions in India’s currency markets? August 23, 2022 Link Ananth Narayan Should the banking system “raise more deposits”? August 10, 2022 Link Ananth Narayan The 2013 RBI FCNR(B) Swap Window - Review & Takeaways July 26, 2022 Link Sapna Malya A relook at RBI's extraordinary steps in 2013 to stabilise rupee June 22, 2022 Link
- Key Leadership
Mr. Manoj Mohan
Manoj Mohan is the Executive Director of the Centre for Financial Studies. He has been in the corporate world for close to two decades. In his 15+ years at Standard Chartered, Manoj has undertaken varied roles in Investment Banking. His latest leadership role at Standard Chartered was as Executive Director, Loan Syndicate & Distribution. He is an expert in Credit, Structuring and Institutional Sales with deep expertise in handling C-suite relationships. He was also amongst the founding directors on the Board of Secondary Loan Market Association (SLMA).
Mr. Mohan is passionate about Personal Finance & Life Skills education and has promoted his start-up, My Tenth Cent. He regularly writes and produces YouTube content on these topics on his blog/channel - My Tenth Cent. He is an alumnus of the PGDM programme of SPJIMR and graduate from IIT (BHU).
P: 022 - 022 - 61464321
Prof. Vidhu Shekhar
Vidhu Shekhar is the Associate Head of the Centre for Financial Studies and SPJIMR faculty in the Area of Finance, specialising in Fintech and Financial Economics. He is a Ph.D. from IIM Calcutta, MBA from IIM Calcutta, and B. Tech(H) from IIT Kharagpur. Post his MBA, he spent six years working in the Financial Services Industry across Investment Banks and Hedge Funds. He is also a co-founder of a stealth mode FinTech start-up that is currently building an Automated Conversational Financial Advisor for the Indian market.
P: 022 - 61464390 (direct)
- Key Administrators
Ms. Mrunmai Brid
Centre Manager- Centre for Financial Studies (CFS)
Telephone: 022 - 61464265(direct)
Dr. Pragya Gupta
Research Associate - Centre for Financial Studies (CFS)
Ms. Mansi Gupta
Research Associate - Centre for Financial Studies (CFS)
Ms. Manali Phatak Dharap
Research Analyst - Centre for Financial Studies (CFS)
- Key Leadership
- Advisory Councils
CFS endeavours benefit from the views of world-class Advisory Councils associated with each of these areas. These Advisory Councils have leading experts who work closely with our Academic Councils to advance the Research and Education endeavours.
Markets and Risks Hardik Shah
Partner at KKR & Co. Inc on the Asia-Pacific Infrastructure team
Chief Financial Strategy & Governance at Tata Steel
Executive VP & Group Head – Project Advisory & Structured Finance Group at SBICAP
- Academic Councils
An Academic Council governs each of the CFS focus areas. It consists of SPJIMR faculty and visiting Faculty Affiliates. These world-class thought leaders are responsible for our Research and Education efforts in Financial Innovation and Markets & Risk.
In addition to Academic Council, CFS also has a Research Associate & Research Analyst Fellowship program offering opportunities to some of the brightest talents to pursue research at SPJIMR. Our Research Fellows work closely with the Faculty on Academic Council to produce white papers and other thought leadership work in the key focus areas.
Markets and Risks Financial Innovation Dr. Hemant Kumar Manuj
Associate Professor - Finance, Department Head- Finance & Economics (F&E)
Dr. Varun Nagaraj
Dr. Anshul Verma
Professor-Finance, Chairperson PGEMP
Dr. Vidhu Shekhar
Assistant Professor- Finance, Associate Head- CFS
Dr. Saswat Patra
Assistant Professor - Finance, Head - Central Examination
Dr. Vinay Goyal
Associate Professor- Finance
Mr. Manoj Mohan
Executive Director - Centre for Financial Studies
Assistant Professor Finance & Economics
Dr Kunjana Malik
Assistant Professor - Finance & Economic Dept
Associate Professor Finance & Economics
Prof. Milind Kamat
Asso. Prof Information Management & Analytics, Chairperson -GMP
Prof. Varun Yadav
Asst. Professor - Finance & Economic Dept
Mr. Manoj Mohan
Executive Director - Centre for Financial Studies