Hands on Banking-Borrowing vs Lending – 17th May 2018
Department : MBA
Name of Event : Role Play – “Hands on Banking-Borrowing vs Lending”
Date of Event : 17th May 2018
Objective of Event : Presentation and Evaluation of Loan Appplication..
Details of Judges : 1.) Dr. Vishal Geete
2.) Prof. Anand Bhatt
Dignitaries Present :
Coordinator/Convener : Dr. Pooja Talreja
Details of Participants : Participant’s Detail:-
- No. of participants :
- 35 Participants comprising of 7 teams
Achievements : Winner’s detail
- Winner Chintu Pawar And Team
- 1st Runner Up Ketan Gupta And Team.
Write up giving highlights :
Learning about money and finance does not have to be dull and boring. It can be fun and engaging. With this view, department of MBA at Acropolis Institute of Technology and Research, Indore under the aegis of Finance club has organized an event cum competition named as “Hands on Banking-Borrowing vs Lending” on 17th May 2018.
Businesses need funds for establishment, growth and development. Banks remain as the main pillar for financing business activities. There is an increased need of knowledge in banking in these fast moving, globalized financial markets.
This activity aims at providing a basic insight about banking operations and to acquaint the learners with various types of loans provided by banks viz vehicle loan, home loan, educational loan, personal loan, etc.
This activity starts student understanding of what banks are, how interest rates are calculated using the compound interest formula, how loans are made, what documentations are required, etc. Students are playing the role of a bank where they are given scenarios of individuals seeking various types of loans like vehicle, personal, educational, etc.
This fun filled activity witnessed an enthusiastic participation of all the students.
Prepared by : Dr. Pooja Talreja