Era Business School Organises Management Development Programme on Risk Management

New Delhi, 23 December, 2010: Era Business School, a future-centric globally-oriented educational institution from the billion dollar infrastructure and services conglomerate Era Group in collaboration with Philadelphia University, USA organised a Management Development Programme (MDP) on ‘Risk Management in Banks and Financial Institutions’ on 23^rd -24^th Dec 2010. The main focus of this two day programme was on understanding, appreciating, mitigating and managing the risk involved in the banking and financial institutions.

The Management Development Programme helped in generating awareness about the recent financial crisis that had hit us globally due to which issues pertaining to financial sector for risk management. About 30 Middle and senior level bankers, key financial institutions executives and risk management faculty from other B-schools enthusiastically participated in the conquest of understanding different business risks and their implications on the economic growth. The program contributed in increasing the capacity of managers and future leaders in adopting new techniques and methods on risk management.

Mr. S. D. Sharma, former member, Railway Board and was the chief guest while Mr. M.C. Goyal, General Manager- Head (North) was the Guest of Honor.

Various eminent speakers from India and US such as Prof. D.K Malhotra, Thomas J. Herzfeld Term Chair and Professor of Finance, Philadelphia University introduced Risk management and detailed on hedging market risk with futures, options and swaps. Prof. K.N Badhani, Professor of Finance, MDI Gurgaon elaborated on measurement and value at risk. Prof. Sandeep S. Parmar, Michigan University Graduate who has closely worked on NYSE for a decade detailed on credit derivatives.

Dr. Sanjiv Marwah, Director, Era Business School in the opening address shared a study of CFOs where majority of participants blamed the risk management practices at banks and other financial institutions for the global crisis.

The objective of the management development programme was to provide comprehensive understanding on various forms of business risks, the recent global financial crisis, assessment of credit risk, etc. It provided an unprecedented and unique opportunity to learn comprehensive, state-of-the-art risk management techniques using advanced tools and derivative solutions.

Ms. Rashmi Bharana, General Secretary, Governing Body of Era Business School, Management Graduate from New Castle University thanked the participating banks and financial institutions, Axis Bank, Bank of Maharashtra, Edelweiss, IFCI, Punjab National Bank, State Bank of India and Syndicate Bank. She also mentioned that it feels proud to know that the conservative approach of Indian banks has helped in insulation from the global crisis and is now leading the way to move out of the downturn.

About Era Business School

Era business school is backed by a strong legacy of the Era Group, a ` 4000 cr worth world-class engineering, construction and services conglomerate, dedicated to the unwavering pursuit of excellence and innovation. EBS developed as per international education standards offers PGDM program duly approved by AICTE, Ministry of HRD, Govt. of India. EBS is a tech savvy business school where technology is used extensively to run a paperless business school.  EBS corporate interface finds strength in the institute’s linkage with the leading Era Group, and its network organisations. EBS adopts global teaching practices embedded in practical training methodologies rooted in the multi-faceted business systems of the Era Group.