Department of Commerce, Al Shifa College of Arts and Science collaborated with Gramadeepam Financial Literacy Centre, Kerala Gramin Bank, Wandoor, organised a session on banking literacy on 29 July 2021, Thursday at 10.30 am through G Meet. Mr.Vijayan Kaliparambil, Financial Literacy Counsellor, Gramadeepam Financial Literacy Centre, Wandoor and Retired Manager, Kerala Gramin Bank led the session. The session focused UG Students in Al Shifa College of Arts and Science.

The session started with an official welcoming by Mr.Rohith. R, Head, Department of Commerce, Al Shifa College of Arts and Science. He pointed the relevance of basic banking skills and knowledge that are essential to make banking transactions when banks switched to digital mode from conventional banking system and he expressed his sincere gratitude to Mr. Viajayan Kaliparambil and FLC Wandoor for accepting our invitation and for being ready to collaborate with us.

Ms. Saritha.K, Head, Department of English, officially addressed the gathering. She opined that banking literacy is essential to the younger generation and she shared her experience on banking which was followed by the Mr. Vijayan Kaliparambil’s talk. He started the session with an introduction about banking and its relevance. Then he mentioned about various sessions in banks and their services. He made the session an interactive one illustrating real life situations. He commented that even though this generation is more educated, they still don’t have enough awareness about basic banking skills. It’s the duty of financial literacy centers to give basic banking assistance to public and support and aid them to optimise their savings and investments. He expressed his willingness to make fruitful collaborations with the college for running certificate courses and jointly organizing events.

The session winded up at 11.30 am with official vote of thanks by Fayis Ameen, II Semester B Com Taxation student. The session was coordinated by Ashida A P, Assistant Professor, Department of Commerce.