7.2 Best Practices (AY 2023-24)

Title of Best Practice 1: Certificate Programme in Banking, Finance, and Insurance (CPBFI)

Brief Introduction:
The Certificate Programme in Banking, Finance, and Insurance (CPBFI) was initiated at G.S. College of Commerce in collaboration with Bajaj FinServ. The primary objective of this program is to enhance employability skills by bridging the gap between industry requirements and academic knowledge. Additionally, the course offers job opportunities through job fairs and collaborations with employment platforms catering to CPBFI students.

Objectives:
To bridge the gap between industry-required knowledge and curriculum-acquired knowledge, thereby enhancing student employability.

The Context:
Despite completing UG and PG courses, students often lack employability skills. This course was implemented to address this gap and improve the institution’s placement ratio.

The Practice:
Corporate trainers with industry expertise conduct training sessions using an experiential learning approach. These sessions are designed to equip students with industry-relevant skills.

Evidence of Success:
The success of this program is reflected in the improved placement ratio and the consistent positive outcomes observed in each batch.

Challenges and Resources:
Initially, creating awareness about career opportunities in the BFSI sector among students was challenging. The course requires a well-equipped classroom with high-speed internet, a projector, and speakers, all of which are available in the college.

Title of Best Practice 2: NSE Academy Certification in Financial Markets (NCFM)

Brief Introduction:
The NCFM certification, offered by the NSE Academy (the academic arm of the National Stock Exchange of India Ltd.), equips finance intermediaries with essential knowledge and skills for the financial markets sector. Covering banking, financial services, investments, and financial literacy, the certification comprises foundation, intermediate, and advanced modules. Our college offers the “Financial Markets in India: A Beginner Module.”

Objectives:

  • Promote financial literacy among young and first-time investors.
  • Provide a foundational platform for careers in finance, banking, and investments, enhancing employability.
  • Impart knowledge of the fundamentals of Indian financial markets.
  • Guide strategies for mutual fund distribution and recommend suitable products.
  • Address legal, accounting, and taxation aspects of mutual funds for transparent transactions.

The Practice:
The course includes comprehensive classes, practical training, and case studies to provide both theoretical and experiential learning.

Evidence of Success:
The program has successfully completed three consecutive batches, benefiting over 50 students. This year alone, over 100 candidates gained financial literacy through this course and sessions, showcasing significant engagement and commitment to mastering financial markets.

Challenges and Resources:
Low regional financial literacy and limited awareness of finance-based courses pose challenges. Encouraging enrollment requires significant effort. Practical training is hindered by the lack of financial simulators and limited practical exposure among students.