Faculty Directory by Area

Visiting Faculty

P. C. Narayan

Finance and Accounting

Ph.D. - Indian Institute of Technology, Madras
PGDM - XLRI, Jamshedpur
Bachelor of Engineering, National Institute of Technology, Tiruchirapalli, India

+91 80 2699 3286 , +91 98456 37096

pcn@iimb.ac.in

Work Experience

Teaching

Since 2003, I have been with the Finance Faculty at the Indian Institute of Management – Bangalore (IIMB), teaching core finance courses such as ‘Corporate Finance’ and elective courses including ‘Banking, Financial Markets and Systems’ and ‘International Finance’ in the Post Graduate Program (equivalent to MBA)
Visiting Faculty at IIM-Udaipur, IIM-Vishakhapatnam, Larsen & Toubro Leadership Development Academy and National Institute of Technology, Trichy
Consistently rated very high by the students, extracts from student feedback:
- “One of the best professors in IIM. Mode of explaining complex aspects was extraordinary”
- “The Professor is extremely knowledgeable about the subject and provides interesting overview of the topics covered in the course. Awesome course!”
- “One of the most wonderful classes in IIMB. Lot of take-aways. Learning with enjoyment!”
- “One of the best courses I have been through at IIMB. Very useful content, very contemporary.”
- “Excellent & enthusiastic Prof. Quoted many real-life examples. Simply the best Prof. at IIMB”
- “The best course so far I have had, and the best faculty so far.”
- “Great teacher! Not only about finance but about life and values”

Awards

‘Teaching Innovator Award-2016’ from the Ministry of Human Resources Department, Government of India
Winner of the ‘Outstanding Doctoral Research Award’ in the ‘Management and Governance’ category, European Foundation for Management Development and Emerald Publishing, 2013
‘Distinguished Alumnus Award’, National Institute of Technology, Tiruchirapalli, India, 2016
‘Award for Teaching Excellence’, Indus Foundation at the Indo American Education Summit, 2016
Scholarship from the Ministry of External Affairs, Government of India, for a six-month program in academic institutions and industries in Europe, 1982

Contribution to Digital Learning Initiatives

Designed and delivered eightMassive Open Online course (MOOC) on the eDX platform (www.edx.org) hosted at MIT, Cambridge, MA, USA in the area of Banking and Financial Markets, the last five as a Professional Certificate Program (PCP) titled ‘Risk Management in Banking and Financial Markets’. ThePCP offers an in-depth understanding of the concepts, instruments (including derivatives), risk management, capital adequacy, etc. in the following areas:
- Banking and Financial Intermediation
- Debt & Money markets
- Equity Stock Markets
- Foreign Exchange Markets
- Special Topics in Risk Management
The first run of the above PCP was delivered over seven elapse months (Aug-2018 to Feb- 2019), comprising 160 Videos (23 hours of total viewing time), spread sheets, assignments and quizzes and a Certification Exam. 28,000 students from 170+ countries had enrolled in the Program.The second run of the Program is currently in progress on the edX platform and has attracted an equal number of participants
Testimonial from one of the successful participants: “Professor P C Narayan’s Professional Certificate Program on Risk Management available on edX brings the classroom rigor to the online platform by introducing an array of spreadsheets and other interactive tools to help learners fully grasp and master the concepts with confidence. Professor Narayan inspired me and many other students around the globe taking his online courseto take lessons from the 2008 financial crisis and gain a comprehensive in-depth understanding of risk management by looking at all major asset classes i.e. Rates, FX & Credit. The certificate programme is the perfect companion for those who are preparing for certification exams such as FRM, PRM etc. and also provides a glimpse of the recent global regulatory initiatives such as Basel-III guidelines which ensures the future stability of banks and financial markets worldwide.” Nasim Akhtar, Associate Director, UBS
Currently involved in scaling up that effort to (a) reach large banks and brokerage houses in India and abroad and (b) engage in academic and corporate partnerships to disseminate the digital learning mode to impart knowledge to a vast cross-section of learners

Research

Selected for the UGC – UKIERI (UK India Education and Research Initiative) research grant in March 2017 to pursue research projects under the theme “‘Mainstreaming of the Financial Inclusion Agenda in India”, in collaboration with the University of Essex, United Kingdom. This project involves publishing four high quality research papers in three years, 2017-2020
Areas of research interest and expertise: risk management, financial markets, international banking, payment and settlement systems, regulation and monetary policy, micro-finance and technology related to banking and financial markets.

Publications

Journal papers and Conference papers

Narayan, P.C. (2019) “Digital Inclusion, Social Inclusion, Financial Inclusion: The Inextricable Triumvirate”, 15th International Conference on Public Policy and Management, IIM-Bangalore, August2019
Narayan, P.C. (2019) “Small Finance Banks and Payment Banks: An Incomplete Metamorphosis?”, 15th International Conference on Public Policy and Management, IIM-Bangalore, August 2019
Thenmozhi, M. and Narayan, P.C. (2016) "Rule of law or country level corporate governance: What matters more in emerging market acquisitions?” Research in International Business and Finance 37 (2016): 448-463
Ramanathan, V. and Narayan, P.C. (2016) “Optimizing Risk Weighted Assets for OTC Derivatives through Central Clearing and Portfolio Compression”, 10th International APAD Conference, Busan, Korea August, 2016
Narayan, P.C., and Thenmozhi, M. (2014). “Do Cross-Border Acquisitions Involving Emerging Market Firms Create Value: Impact of Deal Characteristics.” Management Decision, 52 (8), 1451-1473
Narayan, P.C., Thenmozhi, M. and Sundaramurthy, C. (2013) "Impact of Emerging Markets' Corruption Index on Cross-border Acquisitions", Academy of International Business - India Conference, Bangalore
Narayan, P.C. and Thenmozhi, M. (2012). "Cross-Border Acquisitions Involving Emerging Market Firms: Do Country Characteristics Matter?", Midwest Finance Association Conference. New Orleans: SSRN-1927038
Narayan P.C. and Gupta, A (2010), "Financial Viability of Financial Inclusion in Rural India", 5th Annual International Conference on Public Policy and Management, Bangalore
Narayan, P.C., Gupta, Anshul and Uttam, Ankur (2010), "An Alternative Approach to Margining in the Indian Equity Market: The RMC Model", 5th ANMI International Convention, India Securities Forum, Kolkata
Narayan, P.C. (2010), "Risk in Today's Board Room: The CFO, The Auditor, The Director, The Chairman", 31st National Conference of the Institute of Chartered Accountants of Sri Lanka, Colombo
Kannabiran, G. and Narayan, P.C. (2005), "Linkages Between Effective Implementation of IS Strategies and IS Performance: Lessons from Indian Organisations", Eleventh American Conference on Information Systems (AMCIS 2005). Omaha, Nebraska
Kannabiran, G. and Narayan, P.C. (2004). Deploying Internet Banking and E-Commerce: Case Study of a Private Sector Bank in India. Journal of Information Technology for Development, 11 (4), 363-379
Gurumani, V.S., Narayan, P.C. and Kalle, A. (1981), "The Young Professional Manager: Profile, Problems and Attainments", Indian Management

Consulting and Professional Engagements

Travelled to over 40 countries and have undertaken professional and project assignments in over 20 countries
Was a member of the UIDAI Advisory Group that architected the ‘AADHAR’ project for the Government of India, including the ‘Direct Funds Transfer’ and related initiatives
Worked closely with Infosys to build a comprehensive state-of-the-art Core Banking Software (‘Finacle’) to suit the needs of banks, national and international. This software is deployed in several public sector and private sector banks in India even to this day
As a sequel to the above, participated in several strategic initiatives of regulatory institutions, particularly the Reserve Bank of India, to enhance the risk management framework as well as the national payment and settlement infrastructure including RTGS, NEFT, inter-bank ATM connectivity, mobile payments, etc
Keynote speaker at conferences organized by NASSCOM, CII, Asia Business Forum (Singapore), Hewlett Packard South Asia, Institute of Chartered Accountants of Sri Lanka, among others
Designed and directedover 20Management Development Programs in the last fifteen years for the top and senior management of several companies in the banking & financial services as well as the manufacturing sectors, details can be provided on request

Industry Experience

Sixteen years’ experience in Banking and financial services (1987 to 2003) in multi-national and private sector banks in India and abroad, across several functions including retail banking, treasury, credit, operations, financial planning and information technology. I am a strong believer in the use of information technology to enhance the efficiency and effectiveness (and consequently the profitability) of Banks and have demonstrated this in the leadership and consulting roles vested in me over the years
Also worked as Head of Consulting with a leading Banking consulting and technology company based in the United Kingdom (1992-1996). I lead a group of consultants, each with experience in banking and information technology ranging from 6 to 18 years, on engagements covering a variety of business domains such as Retail Banking, Corporate Banking, Treasury, and Trade Finance primarily with clients in Southern Europe, Middle East and Africa