Banking and Finance refer to the services that are provided by banking as well as non-banking institutions including bank deposits, giving loans, investments, etc. To exist in an economy that runs in a financial crisis, the fundamental knowledge of the banking and finance sector is pivotal. To enlighten us about this topic and to let us know the scope of the industry, Mittal School of Business conducted a Guest Lecture on “Banking and Finance: Global and National Trends” by Mr. Anukool Bhatnagar, Former Chief General Manager and Head of Chandigarh Circle, State Bank of India.
The Guest Lecture was organized on 10th April 2023 from 11 AM onwards with a group of students eager and enthusiastic to know about the industry and how the economic turbulences affect the conditions there.
Mr. Anukool Bhatnagar joined SBI in 1985 and employed over 79000 employees under him. A student at IIM Bangalore, he left the same to join CitiBank where he worked for three months. He resigned from the bank to join FMS, Delhi, and guess what, he left that too! He completed his education in Delhi as well as the US and aspired to become a businessman since day one.
During his term as a worker at SBI where he started working at the age of 21, he has had 8 promotions and stood 15th out of 25000 employees back then. He has been the highest-paid SBI worker to date and under his leadership, SBI, Chandigarh Circle made a profit of a whopping 11 crores per day. He’s proud to reveal that 34% of his employees have been women and the numbers are swearing up day by day.
He visited LPU to discuss the global and national trends affecting the banking and the financial sector and talked about some of the crucial points like risk management, fall of idols, technological transformation, consolidation, customer centricity, innovations, and omnichannel strategies and explained each of them thoroughly. He also spoke about VUCA World 2023- Volatility Uncertainty Complexity Ambiguity influencing the leaders to focus on the future and shape it as per the requirements and demands of the population.
He concluded the session with a Question/Answer round and motivated the students to expect more and achieve more and never look back or give up.