# IIM Calcutta-NYU Stern India Research Conference

Date

Friday, October 9, 2026 8:00 AM to 12:00 PM

## Hosts

The Financial Research and Trading Laboratory, IIM Calcutta

Center for Global Economy and Business, NYU Stern

**Keynote Speaker - Fernando Cirelli, Columbia**

**Program Summary**

As the world's largest democracy, with the third largest economy in real terms, the fastest growing working-age population, and a rapidly developing financial system, India is set to become one of the world's most important economic forces in the coming decade. This conference will bring together the leading academic and policy experts for an in-depth discussion of India's financial markets and implications for the global economy.

8:00 AM EDT/5:30 PM IST **Welcome and Introductory Remarks**

**Kose John**, NYU Stern School of Business

8:10 AM EDT/5:40 PM IST **Research Paper Session I**

Moderator: **David Yermack,** NYU Stern School of Business

8:20 AM EDT/5:50 PM IST **-** [**Do Deposits Leave the Bank? Household Heterogeneity and the Deposit Channel of Monetary Policy** ](https://www.stern.nyu.edu/sites/default/files/2026-10/paper-1-gupta_halder_deposit_channel_iimc_nyu_stern.pdf)

Sargam Gupta**,** IGIDR

Subhadeep Halder**,** ISI-Delhi; NYU-Abu Dhabi

8:50 AM EDT/6:20 PM IST **-** [**Do Lenders Help Each Other Hide Losses? Evidence of Cross-Evergreening**](https://www.stern.nyu.edu/sites/default/files/2026-10/paper-2-evergreen.pdf)

Navya Choudhary, Indian School of Business, Hyderabad

Nitin Vishen**,** Indian Institute of Management, Bangalore

9:20 AM EDT/6:50 PM IST **Break**

9:30 AM EDT/7:00 PM IST **Research Paper Session II**

Moderator: **Venky Venkateswaran**, NYU Stern School of Business

9:40 AM EDT/7:10 PM IST.- [**Informational Advantage of the Wealthy** ](https://www.stern.nyu.edu/sites/default/files/2026-10/paper-3-return_on_wealth.pdf)

Sumit Agarwal, National University of Singapore

Longwei Cheng, National University of Singapore

Pulak Ghosh, Indian Institute of Management, Bangalore

Poorya Kabir**,** National University of Singapore

10:20 AM EDT/7:40 PM IST **–** [**The Buy Now Pay Later Divide: Merchant Heterogeneity and Market Structure**](https://www.stern.nyu.edu/sites/default/files/2026-10/paper-4-bnpl_and_merchants.pdf)

Shashwat Alok, Indian School of Business

Pulak Ghosh, Indian Institute of Management, Bangalore

Ankit Kalda, Indiana University

Chirasree Mitra, Indian Institute of Management, Bangalore

10:40 AM EDT/8:10 PM IST **Break**

10:50 AM EDT/8:20 PM IST **Keynote Speech – Fernando Cirelli, Columbia University**

Introduction by Kose John

11:55 AM EDT/9:25 PM IST **Closing Remarks**

**Samit Paul**, Indian Institute of Management Calcutta