AFLC conducted a Workshop on Financial Literacy in Synergy Institute of Engineering and Technology, Dhenkanal on 1 November 2019. The Principal, at the outset, welcomed the guests and emphasized the significance of financial literacy in our society.
D.Mishra, Founder and Managing Partner, AFLC briefly explained the objectives and activities of AFLC and how it is committed to bringing transformation in the society. He gave an outline of the financial canvass, banking structure, deposit insurance, regulation of banks in India.
S Choudhury, former General Manager, RBI briefly explained the functions of the central bank (RBI) and the monetary policy, instruments of monetary control, and forex exchange management in the country.
Subhranshu Sarangi, Manager, Office of Banking Ombudsman, RBI, Bhubaneswar explained the limited liability on account of digital banking transactions by the bank customers. He explained the grievance redressal mechanism available with the banks and the role of Banking Ombudsman in dealing with Complaints in the banking system.
A Financial Quiz was conducted by Mr. S. Choudhury. Prizes were distributed to 10 successful participants. In all, 65 students and office staff participated in the workshop.