Financial Awareness and Personal Finance Conclave
Financial Awareness and Personal Finance Conclave
Finance in Everyday Life
June 17, 2022, Fortune Park Pushpanjali, Durgapur
The Bengal Chamber of Commerce and Industry organized a 'Financial Awareness and
Personal Finance Conclave: Finance in Everyday Life' on 17th June, 2022 at
Fortune Park Pushpanjali, Durgapur. Financial planning is a step-by-step
approach to meet one's life goals. A financial plan acts as a guide as one goes
through life's journey. Essentially, it helps to be in control of income,
expenses and investments so that one can manage the finances and achieve the
goals. There are helping hands ranging from banks to insurance companies to
capital market but one need to understand the offerings from them to maximize
the utility. The Conclave thus on one hand enhanced financial awareness to
individuals, corporates, high net-worth individuals, entrepreneurs, MSMEs and
service holders and on the other hand introduced all to the nuances of managing
finance. Smt. Anindita Mukherjee, Hon'ble Mayor, Durgapur Municipal Corporation
inaugurated the Conclave.
The Conclave witnessed eminent speakers from Durgapur, Asansol and Kolkata. The
speakers were Mr. Vinod Mahajan, Zonal Head, East, UTI Asset Management Company
Limited, Mr. Prabir Kumar Tah, General Manager, Zonal Head, Punjab National
Bank, Durgapur, Mr. Pradeep Kumar Behera, Regional Head, Bank of Baroda, Burdwan
Region, Mr. Ajit Kumar Poddar, Deputy General Manager (B&O), State Bank of
India, Burdwan Zone, Mr. Arabinda Girish Chandra Sahu, Sr. Vice President, West
Bengal Circle, Axis Bank Limited , Smt. Anuradha Manna, Secretary (Pension &
Group Schemes Mktg.), Eastern Zone, LIC of India, Mr. Manoranjan Das, Senior
Divisional Manager, LIC of India, Asansol Division, Mr. Anuran Bakshi, Chief
Manager, SBI Mutual Fund and Mr. Sanjib Gain, Manager, Business Development,
Multi Commodity Exchange of India Ltd.
The Conclave had three Sessions viz. on Banking, Insurance and the Capital
Market. The Session titled "Experts' Roundtable on Banking and Beyond:
Connecting Consumers" dealt with the intricacies of various schemes, criterion
for loans, speedy solutions, and impact of digitization amongst others.
The second session was the "Experts' Roundtable on Insurance: Means of Securing
your Dreams". Along with other financial instruments, we often treat Insurance
as an investment instrument, particularly for its nature of forced savings. The
penetration in life and non life segments are mostly due to forceful laws
enforced by the eco system. There exists a kind of hesitance amongst the
consumers in purchasing insurance for the sake of hedging their most valuables.
In tier II cities awareness of insurance is much less. This was our effort to
make them learn and educate them about the various nuances of the Insurance
sector.
The third session was the "Experts' Roundtable on Capital Market: From the
Perspective of an Outsider" focused on the capital market. Gone are those days
when we can could keep our savings in a fixed deposit and remain confident with
its interest rate return. In order to earn money, we need to invest now. The
sweetest spot in the capital market is the Mutual Fund. Hence the objective was
to reach out to a larger financial community and multiple stakeholders so as to
create a sustainable ecosystem for the Indian Mutual Fund sector.
The participants also learnt about the commodity futures market and the
technicalities of working of the commodity markets with respect to the products,
price discovery, transparency. The Conclave was attended by around 150
delegates.
Smt. Anindita Mukherjee, Hon'ble Mayor, Durgapur Municipal Corporation & Smt. Anuradha Manna, Secretary (Pension & Group Schemes Mktg.), Eastern Zone, LIC of India, Kolkata lighting the lamp along with the other speakers at the Financial Awareness & Personal Finance Conclave
Experts' Roundtable - "Banking and Beyond: Connecting Consumers" (L-R) Mr. Prabir Kumar Tah, General Manager, Zonal Head, Punjab National Bank, Durgapur, Mr. Pradeep Kumar Behera, Regional Head, Bank of Baroda, Burdwan Region, Mr. Arnab Chakraborty, Director, Bengal Chamber of Commerce, Mr. Ajit Kumar Poddar, Deputy General Manager (B&O), State Bank of India, Burdwan Zone, Mr. Arabinda Girish Chandra Sahu, Sr. Vice President, West Bengal Circle, Axis Bank Limited
Smt. Anuradha Manna, Secretary (Pension & Group Schemes Mktg.), Eastern Zone, LIC of India addressing the Experts' Roundtable on "Insurance: Means of Securing your Dreams"
Mr. Manoranjan Das, Senior Divisional Manager, LIC of India, Asansol Division addressing the Experts' Roundtable on "Insurance: Means of Securing your Dreams"
Experts' Roundtable on "Capital Market: From the Perspective of an Outsider" (L-R) Mr. Sanjib Gain, Manager, Business Development, Multi Commodity Exchange of India Ltd., Mr. Arnab Chakraborty, Director, Bengal Chamber of Commerce, Mr. Anuran Bakshi, Chief Manager, SBI Mutual Fund
