Mangalore: The Manel Srinivas Nayak Institute of Management (MSNIM) organised a talk on “Evolution of Capital Markets in India and the Recent Reforms” by Gurumoorthy Mahalingam, Former Whole Time Member, SEBI and Former Executive Director, RBI as a part of its popular MSN Knowledge Series on Monday, September 12, 2022 afternoon at the institute campus at Bondel, Mangalore. Mahalingam is also presently the Chairman of the SEBI Advisory Committee on Secondary Markets and Corporate Bond market. Nearly 250 students and other invitees from industry and academia attended the program, which was held in hybrid mode.
The MSN Knowledge Series is a series of excellent academic talks to disseminate knowledge in the fields of business, commerce, economics, and finance, which would be of keen interest and high utility for the learned citizens of Mangalore hailing from corporate, academic, and business communities. This knowledge endeavour is named after the institution’s founder president, Sri Manel Srinivas Nayak.
Mahalingam informed the students about the functioning of the capital market and explained the role of SEBI as a regulator. “The trade deficit is one of the biggest issues facing our country. This is caused by the imports being more than the exports, which means there is a need for borrowing continuously. The capital markets play an important role in bridging the trade deficit through FDI and non-residential deposits. India has more than 5,200 listed companies, whereas the US has fewer listed companies than India. India ranks fifth in market capitalization,” he said.
He explained the price to earnings ratio, the importance of mutual funds, and the role of SEBI as a regulator. He explained the issues faced by SEBI due to unethical practices like insider trading, SMS frauds, and front running and their impact on the markets. “SEBI is framing policies to regulate trading in the derivatives market so that people with risk-bearing powers can trade,” he said. He advised the investors to study the market thoroughly and invest wisely with only a small percent of the total amount of money.
Kudpi Jagdeesh Shenoy, President of the Women’s National Education Society (WNES), presided over the function. Vittaldas Leeladhar, former Deputy Governor of RBI and Mentor, MSNIM, the institute Correspondent Jeevan Das Narayan (former Managing Director, State Bank of Travancore and presently Additional Independent Director, Karnataka Bank Ltd.), Raghava Kamath, Member of the Governing Body, MSNIM and the Institute Director Dr. Molly S. Chaudhuri were present.
Avanthika led to the invocation. Dr. Shilpi Saha, Faculty Coordinator, gave the welcome address and introduced the speaker. Anushree Shetty gave the vote of thanks. Jyothsna compered the programme.