The Department of Management Studies organized an educational visit to the Reserve Bank of India (RBI) branch in Panjim on 22nd August 2023. The visit aimed to provide students with practical insights into the workings of the Central bank and to broaden their understanding of currency management, including Central Bank Digital Currency (CBDC).
40 students, along with two faculty members, Ms. Delisha Rebello and Ms. Ashwini Dewari, visited the RBI branch. The group departed from the College campus at 9:30 a.m. to reach the RBI branch in Panjim.
At the RBI branch, the FIDD department warmly welcomed the students and teachers. Asst. Prof. Ms. Ashwini Dewari provided a brief introduction of the students and about their course.
Session 1 was conducted by Avinash, a knowledgeable expert at RBI. He delivered a comprehensive presentation explaining the structure and functions of the Reserve Bank of India. Avinash’s presentation shed light on the critical role that the RBI plays in the Indian financial system and the broader economy.
Session 2 was on Currency Management. Mr. Praful Thakur led this session, focusing on the intricate world of currency management. He provided valuable insights into how the RBI manages physical currency, including printing, distribution, and the security measures in place.
The final session of the day was conducted by Ms. Deepika Thakur, who provided a detailed explanation of Central Bank Digital Currency (CBDC). Her presentation covered the concept, benefits, and potential impact of CBDC on the financial ecosystem. Students were also provided valuable insights into different types of financial frauds and the actions that should be taken if an individual becomes a victim of such fraud. The session covered various frauds, including online scams.
The visit not only expanded the students’ knowledge about the central banking system but also provided them with insights into the evolving landscape of currency management and digital currencies.
