About the Department
The Department of Commerce (Banking & Insurance) has its initiation in the Academic Year 2020-2021. The main aim of the course is to create trained professionals who are able to handle various financial activities associated with banking and insurance sectors.
This programme helps the candidate to get an exposure to operational environment in Banking, Insurance and other related firms in the financial service sector.
The arrival of market-oriented approach, globalization, reforms and competitions in the banking and insurance sector and the need to equip prospective banking and insurance professional to face the challenges ahead, our college has developed a degree course in Banking and Insurance for the students who aspire to make a career in Banking and Insurance. This course will provide the students, a greater in-depth knowledge of different aspects of Banking, Insurance and other financial services and a thorough understanding of the practical application of the theory.
The Banking & Insurance degree aims to inculcate training and practical approach among the students by using modern technologies, and also to given an adequate exposure to operational environment in the field of Banking, Insurance and other related financial services.
To meet this challenge there is a huge requirement for trained banking and financial professionals in the country. The program aims to churn out skilled and talented Finance and Management professionals to fulfill the requirement of the corporate sector in general, Banking Insurance, and Financial Services sector in particular.
Banking and Insurance are the most significant career choices for students as it is well paid, secure and provides career growth. It not only provides the students with theoretical knowledge but also helps in thorough understanding of practical application of the theory. This course provides ample exposure to the students with market reforms, projects and assignments to understand the dynamics of banks, insurance in a better way.
To indoctrinate the students with required levels of proficiency for employment in both the domestic and global markets. To provide contextually pertinent commerce education to impart state of art knowledge in subjects like Banking and Insurance, Finance, Financial Services, Capital Markets and Retail Marketing
Placements / Career
Graduates can pursue careers in the Banking and Insurance sector with positions in mortgages, collections, insurance, personal loans, back-office operations, Actuaries, Finance Managers, Financial Analysts, Investment Banker, Investment Analysts, Budget Analysts, Business Consultants, and Business Operation Manager.
Salient Features of B.Com (BI)
Programme Educational Objectives (PEO)
PEO 1 : To take up a higher-level jobs in the banking and insurance sector.
PEO 2 : Get thorough knowledge of the services offered by Banks and the Insurance sector
PEO 3 : Practical exposure in the banking and insurance field helps them to take up a challenging jobs
PEO 4 : Able to act as a consultant in the areas of banking and insurance
PEO 5 : Able to develop required software in the ICT era
Programme Outcomes (PO)
Upon completion of the programme, the students will be able to
PO 1 : Understand the concepts and principles of banking and insurance operations in line with the reflection of recent trends, standards, and norms.
PO 2 : Demonstrate the business, social, economic, legal, and natural environment with ethical values within which the industry efficiently operates.
PO 3 : Apply progressive learning of company formation, regulatory formalities, accounting and communication process in the management structure of the banking & insurance sector.
PO 4 : Practice effective communication skills, both orally and in writing in conveying information, ideas, problems and solutions to stakeholders.
PO 5 : Apply a wide range of technical skills related to software packages, applications and accessing online databases in banking & insurance
Programme Specific Outcomes (PSO)
After completion of this programme, the graduates will be able to
PSO 1 : Exhibit skills in banking, insurance, and other concepts that underlay it.
PSO 2 : Develop a wider and clear understanding of the needs of banking services, insurance, accounting, auditing, and taxation including the regulatory, social and legal framework for the understanding of current issues.
PSO 3 : Develop the conceptual understanding, continuous efforts to learn and also be able to promote an appropriate awareness of evolving dynamic environment and an understanding of current issues.
PSO 4 : Practice the significance of managing financial institutions and services, to describe and apply financial concepts, tools, and theories.
PSO 5 : Identify the current developments, issues and inculcate Lifelong learning skills in the module area at both theoretically and practically.