B.Com Banking & Insurance 

Annual Report (2015‐16) 

Departmental Festival 

SYNERGY 2015 (Inter Collegiate Finance festival)

The students of Banking and Insurance department lived up to their crafted motto, “Energise, Enrich, Empower” emerging larger and grander than ever before setting up new levels.

SYNERGY 2015 was an amalgamation of the spirit of altruism, joy and knowledge. The fest wasn’t just for a day, it started with the students organising an event for NGO kids on 28th November,2015.

SYNERGY- A Ray of Hope (Social Initiative) (28th November'15)

Giving full justice to the adage “Service to mankind, is service to god”, the students of B.Com (Banking and insurance) of SIES college, Nerul kick started the pre celebration of their departmental fest ‘SYNERGY’ with a social initiative named “RAY OF HOPE”, which was held on 28th November, where 60-70 under-privileged children from 3 NGO’s namely Seva Sahayog (Nerul), Amruth Prerna (Seawoods) and Blessings (Seawoods) visited the college to celebrate the joy of life.

As a part of the interaction, activities like GK quiz, talent hunt competition which included singing, dancing and drawing competition and some games like Bucket and the Ball game, Musical Chair and the Straw game were also conducted for the kids. Winners in each competition were given prizes to encourage these underprivileged children. A small token of momento was also distributed to make it more memorable day.

Apart from the games, to make sure they received adequate food, we even conducted Foodgrain (Rice & Wheat) donation drive for a week where a total of 750kgs of rice and wheat was collected with help of students, teaching and non teaching staff of our college. 125kgs of wheat and 125 kgs of rice were donated to each of 3 NGO's.

     

   

    

 

                                            

  THE PRE-EVENT & THEME RELEASE (11th December'15)

To make sure that SYNERGY reaches each and every student, the team came up with an idea for a very uniquely themed Pre-Event and Theme Release for which they worked extremely hard. It was unique because the students decided to think out of the box again like last year and organised flash mob in form of enacting acts of events and release of theme “ENRICH INDIA”. The idea behind the pre-event was to promote the festival and tell people what SYNERGY 2015 has to offer this year through its theme. This idea was hugely appreciated by the viewers.

   

After the successful completion of social initiative - Ray of Hope and pre-event, the Synergy team enthusiastically organised its 7th inter collegiate one day financial festival on 15th December, 2015.

D-DAY (15th December'15)

The one-day extravaganza started with the opening ceremony in college quandrangle. The chief guest of the opening ceremony was Ms. Apoorva Gajjala, runner-up of Zee Marathi SAREGAMAPA. The function was also presided by Malarvilli Christopher (Chief Manager) Corporation Bank, M. Sheoprasad Rao, Assistant General Manager State Bank of India and Madan Lal, Assistant General Manager, State Bank of India. All the dignitaries congratulated the college management, teachers and the students for organizing such a mega event which involved participants from colleges in Navi Mumbai and Mumbai Region. There was a cultural dance performance by B.Com BI Students to release ENRICH INDIA theme. Later there was unveiling of the T-Shirt and the fest was declared open.

THE SEMINAR

The seminar was organised on the topic ‘Working Capital Financing in Banking Sector’ and the speaker was Mr Gajjala Krishna Mohan, Senior Manager (Credit) at Punjab National Bank . The response for seminar was overwhelming. We got registration of around 425 students from various colleges viz Rajiv Gandhi, CKT Panvel, Western College, Pillai's College (Rasayani as well as Panvel) ICL college, St. Wilfred's (Panvel), SIES Sion college, KLE (Kalamboli), Tilak College and Modern College. In order to accommodate all, two sessions of the seminar was successfully conducted.

THE EVENTS

The events held in SYNERGY'15 were tailor-made to suit the “ENRICH INDIA” theme of the fest, each game was a perfect mix of fun as well as financial elements.

The schedule of nine events were:

10:30-12:00 – Mind Sparks – A Quiz Event with questions from anything and everything. There were total 5 rounds to determine the ultimate geek of all. The winners of the event were : 1st Prize – Abhijeeth Nair & Raghvendra Pillai (SIES Sion) 2nd Prize : Deepali Achai & Shivani Patel (SIES Nerul)

10:30-12:00 – Stumble Upon - An event aimed at re- experiencing childhood by games like tug of war, three legged race and quiz related to Enrich India. The winners of the event were : 1st Prize – Ashish and group (Pillai's Rasayani) 2nd Prize – Pallavi and group (St. Wilfred )

10:30-12:00 – Minute to Win It – It was a game of 1 minute only. It had 4 rounds of a minute each. The winners of the event were: 1st Prize – Apeksha Poojary & Tisha Stiphen (SIES Nerul) 2nd Prize – Swati Rajgopal & Nandita Nandulka (SIES Nerul)

12:00-1:30 – How I Met the product – It was an event involving creating a new product, logo, advertisement etc. It consisted of three rounds testing creative, innovative and promotional skills of participants The winners of the event were: 1st Prize - Fahad Agah and group (SIES Nerul)

12:00-1:30 – Commodity Market –It was an event where bargaining and trading skills of buying and selling of brands and products were put to test The winners of the event were : 1st Prize – Shireen & Swaliha (Pillai's Rasayani) 2nd Prize – Mamta & Rahul (Pillai's Rasayani)

12:15-2:00 – Snakes and Ladders – It was an event with a whole new level of more fun and energy where traditional board game was twisted with insurance aspect in it. The participants could dodge the snakes and climb up the ladders to reach the end at the earliest. The winners of the event were: 1st Prize – Kesari & Salma (Pillai's Rasayani) 2nd Prize – Priyanka & Ashish (Rajiv Gandhi Vashi)

1:30-3:00 – Luck Factor – A game based on speculation that had put luck of participants to test. It was purely based on probability, permutations and combinations. The winners of the event were: 1st Prize – Akshay & Akhilesh (Pillai's Rasayani ) 2nd Prize – Aniket & Mayuri (CKT Panvel)

1:30-3:00 – Dodge the risk – Two teams played the game simultaneously one after the another. The player had to cross the middle line and go to the opposite court without getting hit by the balls. He had to reach the insured area safely and as soon as he reached he had to collect the money placed there in a particular time limit. He had to return back safely without getting hit by the balls. The winners of the event were: 1st Prize – Rahul & Group (Rajiv Gandhi) 2nd Prize – Vipin & Group (SIES Nerul)

1:00-3:00 – Treasure hunt – This event was full of fun, energetic and physical game. It tested the skills, speed and ability to work as a Team. It consisted of elimination rounds and final round where the team had to search the treasure. The winners of the event were: 1st Prize – Tejas & Group (St. Wilfred)

The fest concluded with the prize distribution and the closing ceremony. The students of B.Com BI had spirited dance performances at the closing ceremony.

Synergy’15 was covered by Newsband and Maharashtra Times newspapers.

      

The entire fest was a grand success with huge participation from 11 colleges. There was a footfall of 800 plus students from other and our college. It was a product of hardwork of students and teachers of the B.Com (Banking and Insurance Department). The one day show was the result of the dedication, determination and persistence of all the committees involved in the fest. As far as the participants were concerned they had enjoyed it a lot. Truly Synergy has become one of the most awaited inter collegiate Finance festival of Navi Mumbai.

   

    

 

Departmental Activities: 

 

Insurance Mela 

The Third year students of B Com Banking and Insurance had organised Insurance Mela on 

8th  January  2016.  The main  aim  behind  having  an  Insurance Mela  was  to  share  useful 

information related to finance and other areas with the students, teaching and nonteaching 

staff. This year it was conducted in three segments which involved: 

Segment  I:  ‘Insurance’  ‐ which covered overview of  Insurance, History of  Insurance Sector 

and different types of Insurance. 

Segment  II:  ‘Leaders  of  Insurance’  ‐ which  portrayed  various  heads  and  CEO’s  of major 

insurance companies. 

Segment  III:  ‘Young  Entrepreneurs’  –  This  segment  represented  Entrepreneurs below  30. 

The students gave an outline of how their companies were formed and briefed about their 

success stories. 

It was a perfect platform  for students  to not only  learn but also  to share knowledge with 

others in the college. 

 

 

 

Expressions‐ Inter Departmental Debate Competition 

This  year  our  course  initiated  inter  departmental  activity  “Expressions”        ‐  Inter 

Departmental  Debate  Competition.  It  was  organised  along  with  B.Com  Accounting  & 

Finance Course on 15th September’15  in college  library. As part of the academic activities 

“EXPRESSIONS”,  an  inter‐stream  debate  was  organized  for  the  students  of  FYBBI  and 

FYBAF. 

This event provided a platform  for  the budding  talent  to share  their  innovative  ideas and 

perspective  on  the  topics  ‘should  Asia  have  one  single  currency  or  not’  and  ‘Should 

Reservation System be banned or not’. This activity helped our students  to build  rapport 

with other department in a competitive spirit and also to improve their communication and 

debating skills.  

 

 

 

Orientation 

SYBI and TYBI class organised orientation for FYBI class on 1st July’15.  

Seminars 

1) SYBBI class organised seminar on “Lesser Known facts about Banking & Insurance” 

for  FYBBI  class  on  22nd  July’15.  Students  exchanged  their  knowledge  in  form  of 

presentations and management games. Some of the  topics covered  in the seminar Ppt 

presentation were: 

RBI Facts 

Islamic Banking Facts 

Actuary Facts 

Indian Rupee Facts 

ATM Structure 

Insurance Facts and many more… 

 

 

     

2) Seminar on  “Career Options  in banks and Nuances of  cracking bank exams” was 

conducted by Mr. Kumar Pallav on 22nd February  for FYBI, SYBI and TYBI class. The 

seminar was informative as it provided knowledge about how to prepare for various 

competitive  exams.  It  also  provided  valuable  information  on  how  to  build  a 

rewarding  career  in  the  banking  sector.  The  session  concluded  with  question  & 

answer segment where students came up with questions and  their questions were 

answered effectively. 

 

     

  

FIELD VISITS: 

1) National Stock Exchange (NSE): 

The Third Year students of Banking and  Insurance were taken to the National 

Stock Exchange at Bandra Kurla Complex, Mumbai, on 2nd September 2015. The 

main  objective  behind  the  visit  was  to make  students  aware  about  different 

aspects related to capital markets and to give an insight on how stock exchanges 

work. The session was taken by Mrs Ritu Bhudhia. 

2) Reserve Bank of India (RBI):  Visit  to  Reserve  Bank  of  India,  Fort,  was  organised  for  TYBI  class  on  18th February’16.  The  interactive  seminar with  RBI  executives  gave  information  on introduction about the various departments of RBI, history of RBI, working of RBI, coins,  fake  notes,  etc  by  showing  students  videos.  At  the  end  of  the  seminar students asked questions regarding RBI operations. The visit was very beneficial one as  students  were  able  to  gain  knowledge  about  the  working  of  RBI  in practical sense.  

Guest lectures: 1) Mr.  Rohit  Lal  conducted  a  session  on  “Entrepreneur  experience  at 

international platform” for FY, SY & TY students on 31st July’15. 

2) Mr.  Ranbir  Sayyal  conducted  guest  lecture  for  TYBI  class  on  “Corporate 

Governance” on 22nd August’15.  

3) Mr Vasudevan  conducted  guest  lecture on  “Risks  in  Banking  sector”  for our 

second year students on 10th February’16.  

4) Dr.Sumathi Gopal conducted guest  lecture on “Information Technology Act 

2000” for FYBI class on 24th February’16.