23 August 2024: The Faculty of Commerce at Karim City College, Jamshedpur, in collaboration with the Reserve Bank of India (RBI) Regional Office in Ranchi, organized a comprehensive Financial Literacy Program aimed at enhancing financial knowledge and awareness among students. The initiative focused on equipping participants with essential skills to navigate the increasingly digital economy, reported The Avenue Mail.
The event was inaugurated by a distinguished panel, including Chief Guest Prem Ranjan Prasad Singh, Regional Director of RBI, Ranchi; Basant Paul Minj, Assistant General Manager of RBI, Ranchi; Dr. Mohammad Reyaz, Principal of Karim City College; and Dr. Md. Moazzam Nazri, Head of the Commerce Department and program coordinator.
Dr. Mohammad Reyaz welcomed the attendees, commending the Commerce Department for organizing the event. He emphasized the growing importance of financial literacy, particularly in light of rising cybercrime threats, and highlighted the need for individuals to be financially informed to protect themselves in today’s complex financial landscape.
Dr. Md. Moazzam Nazri provided an overview of the program, underscoring the significance of various government schemes and the urgent need for financial literacy in India, where the literacy rate stands at only 27%. He stressed that improving financial knowledge is crucial for the economic empowerment of individuals.
Chief Guest Prem Ranjan Prasad Singh emphasized the importance of financial literacy, inclusion, and awareness. He discussed the continuous efforts and initiatives undertaken by the Reserve Bank of India, particularly through the Ranchi Regional Office, to strengthen the country’s financial infrastructure and make transactions more secure. Singh also highlighted the RBI’s commitment to promoting financial education and ensuring financial inclusion across all societal segments.
The program featured two informative sessions: “Basics of Financial Literacy and Financial Inclusion and Initiatives by the Reserve Bank of India” and “Career Opportunities with the Central Bank.” These sessions were conducted by RBI officials from the Ranchi Office, including Harshita Sahlok, Sohan Kumar Shome, Amit Kumar, and Roshan Kumar Ghiriya, who provided valuable insights into the financial system and career opportunities in the banking sector.
Additionally, an interactive quiz was organized to engage participants in testing their financial knowledge. The winners were felicitated by the bank, adding a competitive and rewarding element to the learning experience. The program was conducted by Dr. Rashmi Akhtar, with a vote of thanks delivered by Dr. Aftab Alam.
