MEMORANDUM OF UNDERSTANDING (MOU)

MEMORANDUM OF UNDERSTANDING (MOU)

Between INDIAN INSTITUTE OF BANKING & FINANCE (IIBF), MUMBAI

And VALLUVAR COLLEGE OF SCIENCE AND MANAGEMENT, KARUR

 

On 30.08.2018, Valluvar College of Science and Management has conducted a programme for signing MOU with Indian Institute of Banking and Finance, Mumbai for Diploma in Banking and Finance and other certificate courses.
Mr.T.Salai parkunan, Principal has welcomed the gatherings. Shri. K. Senguttuvan, Chairman, Valluvar group of institutions, in his presidential address highlighted the features of the courses and explained how these courses are highly helpful in enhancing the employment opportunity of our student community.

MOU signing ceremony took place wherein Dr.J.N.Misra, CEO, Indian Institute of Banking and Finance, Mumbai and Mr. K. Senguttuvan, Chairman, Valluvar group of institutions, signed and exchanged the MOU documents .
In his key note address, Dr.J.N.Misra, CEO, Indian Institute of Banking and Finance, Mumbai started his speech with Digital transformation and narrated remarkable events happened during past like space travel, Green Revolution, human civilization, industrial and information technology revolution. He added that Technology improvement resulted in Speed, volume, convenience and connectivity. He also told that customer’s demand and expectation made a significant change in Digital financial eco system.

Introduction of Digitalisation in various forms paved way for facing various challenges. He has appealed everyone to develop their skills in accordance with changing environment in banking sector. Digitalisation has reduced the cost for the customers for various services. He further highlighted that Immediate Payment system (IMPS) , usage of debit and credit card, Uniform lending are some of the recent developments happened due to Digital Banking system.

He declared with proud that we are having world’s largest bio-metric system – Aadhaar card for unique identification and EKYC. Unified Payment Interface has brought major improvement in payment transactions particularly Cashless. He also pointed out that Jandhan Aadhaar mobile (JAM) has connected more than one billion mobile phones for banking transactions. He also insisted that students should also adopt themselves towards technology and fundamentals of banking which is very important. He added that they should concentrate in the use of robotics in business and analysis.

Chief Guest Mr.P.R.Seshadri, MD & CEO, Karur Vysya Bank, Karur said Digital Banking and Automatic Ledger Posting helps easy accessible of accounting transactions by the customers. He also pointed out that credit availability is vital for overall improvement in business environment which in turn enhance our economic development.
One of the final year UG students who has completed  DBF course expressed her happiness that the college provided excellent training which helped to pass the examination. She also added that she will be surely getting suitable job in banking through campus recruitment.

Dr.K.Rameskumar, HOD, Department of Commerce, delivered vote of thanks and the function ended with National Anthem.