Dear Readers!
Within our team, 10 has always been a special number, almost everyone being a sports lover plays a part. Yesterday, we completed our 10th edition of the Monthly Market Webisode. 10 months back, the seed thought was our vision to create a compelling, insightful knowledge base through a series of webinars that would enlighten our audience on a myriad of topics related to the world of finance and economics.
We have had the privilege to have some of the stalwarts in the Finance sector who have shared their experiences and provided a better lens to view the different arenas of financial management. In our latest webisode, joining our partners, Maulik Shah and Pankaj Rathi was NIKHIL S., Group CFO, Blue Star Limited
For someone who has been managing finances over the past 30 years, Nikhil Sohoni talks about why having a policy in place is important, the role of the treasury in corporates, and the best practices to manage currency, commodity, and interest rate risks.
💡 Here are the key takeaways from the session –
1. It’s essential to identify the role of the Treasury before getting into Financial Risk Management. Is it a cost center or a profit center? Acting as a cost center, the main objective of the treasury would be to safeguard the business by protecting the import costs or maximizing the export revenues.
2. Hedging is a 6-month lifeline given to the business. In the long run, the business would have to face the reality of major currency movements.
3. Monthly Assessments and performance monitoring form an integral part of a robust risk management policy. Continuous Evaluation along with healthy debates on the market views ensures that the company’s ship is steered in the right direction.
4. As a CFO/Treasury Head, it’s important to look at the bigger picture of business continuity and ‘take the business along’ while managing the treasury operations.
5. While framing a FRM policy, there’s no one-size-fits-all, the mindset is what matters whether you are handling a small, medium, or large enterprise.
Whether you are a CFO, business owner, treasury head, banker, exchange professional, or a keen learner, our webisodes have something for all! To watch the entire video – https://lnkd.in/dBdhmaWC
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