Location Jalandhar, Punjab

EchoEco Fest 1. Declamation on Banking • Mergers and privatisation of Banks: Challenges ahead • Effects of Covid-19 on the Banking Sector • Monetary Policy – Implications and challenges 2. Rangoli and Poster Making on economic issues or Pandemic (Covid-19) May 10, 2021

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Activity Date
May 10, 2021
Department
Economics

P.G. Department of Economics organized declamation on momentous issues related to Banking on 10 May, 2021 as the department is offering its students ‘Banking as an additional /optional subject’ with prime focus to prepare students for jobs in banking sector. All the students having Banking as an additional subject   exchanged their views and ideas on significant topics – Mergers and privatisation of Banks: Challenges ahead, Effects of Covid-19 on the Banking Sector and Monetary Policy – Implications and challenges. Mrs. Amarpreet Khurana, Associate prof. in Economics   initiated the discussion by sharing her thoughts on these important issues. Some Students discussed the positive role played by banking sector to counter the adverse impact of Carona -19 on the people and the economy as a whole. Few students highlighted the responsive measures adopted by central bank    in the last two monetary policies to shore up liquidity.  Some students talked about the challenges to financial institutions like disruptions to physical operations, impact on asset quality and profitability and demand pressure on digital channels and connectivity. Five students shared their views on challenges that privatisation of public sector banks fraught with in future. A few students opined that a average Indian feel more safe in dealing with public sector banks, despite private sector banks are more customer friendly. Some students discussed the reasons and pros & cons of mergers. Beside declamation on banking, Students prepared posters and made rangoli on contemporary economic issues.