17 sessions & 17 financial institutions. What Parul University’s Economics’ students learned at these world-level institutions, RBI, SEBI, NSE, NSDL, Morgan Stanley, NPCI, PwC, CIBIL, HDFC, Aditya Birla, TransUnion, Experian, Aditya Birla Capital, NaBFID, CAFRAL, JSW, Epsilon Carbon & Business Standard.

17 sessions, 17 financial institutions - Read ahead the full coverage on how PU’s Economics’ & Finance Students visited Mumbai to attend 17 sessions. They’d the privilege of meeting leaders…

The Tour: Mumbai's Financial Ecosystem in 17 Sessions

May 1, 2026 | Mitali Mehta |

Mumbai is India's financial capital. The Reserve Bank of India sets monetary policy here. SEBI regulates capital markets from here. The National Stock Exchange processes millions of transactions daily from here. NPCI's UPI infrastructure powers billions of digital payments from here. Morgan Stanley runs India investment banking operations from here. For Parul University economics and finance students, spending days inside these institutions with the people who run them meant seeing textbook concepts operate in real time: monetary policy being executed, market surveillance detecting manipulation, credit scores being calculated, and infrastructure projects being financed.
The tour was organised by IIMUN as part of Parul University's Practical Learning Tour programme (146 tours, 19 cities, 280 companies). The university holds NAAC A++ (CGPA 3.55), NIRF Top 50 Innovations, QS Asia 1001-1100, 2,200+ recruiters with 60 LPA highest placement (Tanish Patel and Suraj Jagtap, B.Tech CSE, Microsoft), strong industry integration with tie-ups with 1,200+ corporates and industries for the Business and Management domain, and 254 startups incubated through PIERC. You too can become a pro in economics by enrolling in Parul University’s BBA in Financial Management.

PU Student shares experience on LinkedIn

Regulators: The Architecture of India's Financial System

Reserve Bank Of India – Mr Suvendu Pati, Chief General Manager

This exclusive session of RBI covered the full scope of central banking, policies, frameworks, inflation targeting, regulation and supervision, online payments’ ecosystem, cybersecurity, operational resilience, financial inclusion, liquidity management, currency management, coordination with other regulators. Mr Suvendu Pati spoke on how preparedness and awareness defines regulatory effectiveness.

SEBI – Smt Babitha Rayudu, Executive Director

SEBI plays a pivotal role in primary capital markets covering market integrity, investor protection, regulation of intermediaries and exchanges, surveillance to detect market abuse and fraud, balancing innovation mindfully. This session by Smt Babitha Rayudu focused on how transparency strengthens market credibility.

REAL EXPERIENCE – STRAIGHT FROM THE ECONOMICS & FINANCE TOUR, PARUL UNIVERSITY!

NPCI Bharat BillPay (Ms Noopur Chaturvedi, MD and CEO)

NPCI Bharat BillPay (Ms Noopur Chaturvedi, MD and CEO) spoke on NPCI as India’s core digital payments infrastructure: UPI driving financial inclusion at scale, collaboration with banks and fintechs, cybersecurity and fraud prevention in high-volume systems, cross-border expansion of UPI and RuPay. NPCI operates as a public digital utility, not a profit-maximising entity. The future of payments lies in interoperability and seamless user experience.

Head here to read more on Regulators Deep-Dive: RBI, SEBI, NPCI

Market Infrastructure: How Securities and Credit Systems Operate

National Stock Exchange (Mr Krishnan Iyer, Senior VP)

NSE‘s Senior VP, Mr Krishnan Iyer, Senior VP spoke on the role in capital markets, market surveillance systems detecting manipulation in real time, managing volatility, cybersecurity, high-frequency and algorithmic trading, clearing and settlement mechanisms, and regulatory coordination with SEBI. Scalability is a core exchange requirement.

NSDL (Jigar Shah CFO, Sameer Patil CMO, Ujjwal Punmiya CBO)

NSDL (Jigar Shah CFO, Sameer Patil CMO, Ujjwal Punmiya CBO) from NSDL spoke on how NSDL plays as the backbone of India’s securities market: financial sustainability, cost management, digital transformation, cybersecurity, client acquisition, business development, and SEBI alignment. Three C-suite leaders (CFO, CMO, CBO) presented cross-functional operations. Trust is the foundation of depository services. If you’re passionate about how transformation is happening on fintech side, enrol into Parul University’s MBA in Finance. Admissions are live, delay not and book your slot right away!

TransUnion CIBIL (Mr Bhavesh Jain, MD and CEO)

TransUnion CIBIL (Mr Bhavesh Jain, MD and CEO) saidCredit bureaus in India’s financial ecosystem: credit information flow, AI in credit risk assessment, data accuracy and privacy, expanding credit access while managing default risk. Data accuracy is the backbone of the credit ecosystem.

Experian India (Mr Manish Jain, Country Head)

Experian India (Mr Manish Jain, Country Head) said Credit ecosystem role, alternative data for thin-file assessment, digital lending and fintech growth, MSME credit assessment, AI and advanced analytics, cybersecurity, and partnerships with banks and NBFCs. Data protection equals reputation protection.

NaBFID (Ms Monika Kalia, Deputy MD and CFO)

NaBFID (Ms Monika Kalia, Deputy MD and CFO) said – Infrastructure financing gaps, long-gestation project funding, risk-sharing and credit enhancement, ESG and sustainable infrastructure, PPP financing, and technology-driven monitoring. Real-time monitoring enhances governance.

CAFRAL (Shri Manas Ranjan Mohanty, Additional Director)

CAFRAL (Shri Manas Ranjan Mohanty, Additional Director) said – Capacity building for financial regulators, research-driven policy support for RBI, training for senior bankers, emerging financial risks, and policy preparedness. Financial stability depends on institutional preparedness.

Head here to read more on Markets and Corporate Deep-Dive: NSE, NSDL, Morgan Stanley, CIBIL, and 4 More

Corporate and Financial Services: How Companies Operate

Morgan Stanley (Ridham Desai, Managing Director)

Ridham Desai highlighted the global investment banking and capital markets, macroeconomic impact on emerging markets, risk management in volatile markets, AI in trading and investment, and talent development. India remains a strategic growth market for global banks. Technology is reshaping the way capital markets operate.

Maria Neemuchwala shared her tour experience on LinkedIn

Godrej Capital (Manish Shah, MD and CEO)

Manish Shah said – Retail and MSME lending, digital-first approach, risk management and underwriting, data analytics and AI, customer-centric product design, regulatory compliance, managing credit cycles and NPAs, ESG and responsible finance. Growth must be balanced with risk discipline. If you enjoy building in AI or would want to work as an AI Expert, enrol into Parul University’s B.Tech in AI & ML program!

PwC (Mr Gautam Mehra, Partner)

Mr Gautam Mehra deliberated on consulting and advisory, industry-focused approach, digital transformation, risk management, regulatory advisory, data analytics. Context matters more than generic solutions.

Aditya Birla Capital (Mr Manauar Jawed, CCO)

Mr Manauar Jawed quoted – Compliance as strategic enabler, NBFC regulatory landscape, integrating compliance with growth, risk-based framework, technology in compliance. Strong compliance builds institutional trust.

PU Student shares experience on LinkedIn

HDFC Mutual Fund (Mr Harish Narayanan, CMO and CDO)

Mr Harish Narayanan said – Investor behaviour, digital transformation in asset management, data-driven marketing, AI and automation, distributor ecosystem, investor education, personalisation. Trust is central to asset management.

JSW Realty (Mr Sujal Shroff, CEO)

Mr Sujal Shroff from JSW Group spoke on importance of real estate vision, sustainable mixed-use development, infrastructure integration, ESG and green building, geopolitics impact on construction. Real estate today is about creating future-ready ecosystems.

Epsilon Carbon (Mr Vikram Handa, MD)

Mr Vikram Handa from Epsilon Carbon said – Carbon black, specialty chemicals, battery materials, EV supply chain, reducing China dependence, backward and forward integration, R&D and innovation. Diversification strengthens resilience.

Business Standard (Mr Shivendra Gupta, MD and CEO)

Mr Shivendra Gupta highlighted the primary role of financial journalism, editorial independence, digital transformation of print, subscription models, AI in news curation. Responsible journalism supports informed economic decisions.

Head here to read more on Student Reviews of Economics & Finance Tour!

Lavanya on Quora – Experience of Economics & Finance Tour

Isha on Quora – Experience of Economics & Finance Tour

Frequently Asked Questions

+ What institutions did Parul University economics students visit?

17 institutions: RBI (Chief General Manager), SEBI (Executive Director), NSE (Senior VP), NSDL (CFO, CMO, CBO), Morgan Stanley (MD Ridham Desai), NPCI (MD and CEO), Godrej Capital (MD and CEO), PwC (Partner), TransUnion CIBIL (MD and CEO), Experian India (Country Head), HDFC Mutual Fund (CMO and CDO), Aditya Birla Capital (CCO), NaBFID (Deputy MD and CFO), CAFRAL (Additional Director), JSW Realty (CEO), Epsilon Carbon (MD), and Business Standard (MD and CEO).

+ Is Parul University good for economics and commerce?

The Economics and Finance Tour covered the RBI, SEBI, NSE, NSDL, Morgan Stanley, NPCI, and 11 more institutions. Parul University holds NAAC A++ (CGPA 3.55), 1,200+ corporate tie-ups for Business and Management, 2,200+ recruiters, 60 LPA highest placement, 254 startups through PIERC, and 20+ industry-linked specialisations in the management domain.

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