Volume 6, Issue 3 (I) ISSN 2394 - 7780 July - September 2019 International Journal of Advance and Innovative Research (Conference Special) (Part - 2) Indian Academicians and Researchers Association www.iaraedu.com Internal Quality Assurance Cell Department of BBI & BFM In Association with University of Mumbai Organises One Day International Multi-Disciplinary Conference on 10th August 2019 “BUSINESS MODELS IN BANKING AND FINANCE- THE GAME CHANGER FOR ECONOMIC GROWTH & DEVELOPMENT” (PEER REVIEWED) SPECIAL ISSUE OF INTERNATIONAL JOURNAL OF ADVANCE AND INNOVATIVE RESEARCH ISSN No. 2394-7780 UGC Approved Sr. No. 63571 PART-2 CONFERENCE CHAIRPERSON Dr. (Mrs.) C.T. Chakraborty (Principal, TCSC) CONFERENCE CONVENERS Mr. Nirav R. Goda (Co-ordinator, BBI & BIM, TCSC) Mrs. Rashmi Shetty (Co-ordinator, BFM, TCSC) CONFERENCE SECRETARY Mr. Sachin Kambli (Vice Principal, Degree Commerce, TCSC) EDITORIAL BOARD Dr. Tazyn Rahman, (Editor in Chief-IARA) Dr. Akhter Alam, IARA Dr. Mrs. C.T. Chakraborty, Dr. Nishikant Jha, Mrs. Rashmi Shetty, Mr. Nirav R. Goda ABOUT THAKUR COLLEGE OF SCIENCE & COMMERCE: Thakur College of Science & Commerce, affiliated to the University of Mumbai was established in 1997. The founding members aimed to provide an avenue of learning within easy reach, to the growing young population of Kandivali and its vicinity. Our college has accomplished a spectacular growth over the last two decades of its journey towards excellence in Education and emerged as a leading Higher Educational Institution in Mumbai. At present the total strength of our College (Science & Commerce) is more than 14000 students, 225 teaching staff, and 150 non-teaching staff. The College has consistently attained outstanding results in academics at both Degree & Junior levels. We sincerely believe that innovation, passion and the right technique can make learning effective and fun. The numerous feats and triumphs of our students in Academics, Co-Curricular, Extra-Curricular and Sports activities etc. attests to our commitment towards their overall development and welfare. Our team of experienced and dedicated educators and state of the art infrastructure aids learners to fulfil their potential and cultivate talents in various fields. The College, in a short span has a record of ground breaking achievements in every field and has a goal of setting international standards in area of education. Skill Development, Entrepreneurial Expertise, Industry Alliance and Collaboration with Foreign Universities are just a few examples of our efforts for providing the best opportunities to the learners. ABOUT UNIVERSITY OF MUMBAI: The University of Mumbai is one of the oldest and premier university in India. It was established in 1857, one amongst the first three universities in India. The profile of the University carved out more than 159 years of its functioning demonstrates its manifold achievements as intellectual and moral power house of the society. The University has always given its best to the country in general and the city of Mumbai in particular. The University is enthusiastically shouldering and carrying diverse social, moral values and responsibilities. It has four campuses situated at Fort Mumbai, Santacruz (Kalina), Thane and Kalyan and one of the sub-center situated at Ratnagiri. At present University of Mumbai have 775 affiliated colleges and 75 departments. It has established its name in industrial collaborations and runs various professional courses. ABOUT INDIAN ACADEMICIANS RESEARCHERS ASSOCIATION: Indian Academicians and Researchers Association (IARA) is an educational and scientific research organization of Academicians, Research Scholars and practitioners responsible for sharing information about research activities, projects and conferences to its members. IARA offers an excellent opportunity for networking with other members and exchange knowledge. It also takes immense pride in its services offerings to undergraduate and graduate students. Students are provided opportunities to develop and clarify their research interests and skills as part of their preparation to become faculty members and researcher. Visit our website www.iaraedu.com for more details. Publication Partner Indian Academicians Researchers Association CHIEF PATRONS Shri. V. K. Singh Hon, Chairman, Thakur Educational Trust Shri. Jitendra Singh Hon, Secretary, Thakur Educational Trust OUR ADVISORS Prin. Dr. Ajay M. Bhamare Dr. Pooja Ramchandani Principal R.A.D.A.V College, Vice-Principal & HOD Commerce H.R. College, Dean Faculty of Commerce & Management, Member BoS Business Management, Chairperson BoS Commerce, I/c Pro Vice University of Mumbai. Chancellor, University of Mumbai Dr. Madhu Nair Dr. Arvind Luhar Member Academic Council, Member BoS HOD Accountancy Ismail Yusuf College, Commerce, University of Mumbai Chairperson BoS Accountancy, Member Academic Council, University of Mumbai Dr. Sangeeta Pawar Associate Professor Department of Commerce, CMA Dr. Kinnary Thakkar Member Bos Commerce, Senate Member, Professor & Head Department of Commerce, University of Mumbai. Chairperson BoS Banking & Finance, University of Mumbai Dr. Megha Somani Vice -Principal- M.M.K College, Prin. Dr. Gopal Kalkoti Member Academic Council, Principal M.V.M College, University of Mumbai. Chairperson BoS Business Economics, University of Mumbai. Dr. Madhura Kulkarni Associate Professor, IDOL, Member BoS Dr. G. Rajeshwary Accountancy, University of Mumbai. HOD Business Management KPB Hinduja College, Chairperson BoS Business Management, Dr. Vinita Pimpale University of Mumbai. Associate Professor Commerce, R.A. Podar College Mr. Venkatesh S Poppy Sharma Visiting Faculty BBI, BFM & CIIA Regional Manager Central Bank of India RESEARCH PAPER REVIEW COMMITTEE Dr. V. S. Kannan Kamala Nathan Dr. Nishikant Jha Vice- Principal KES Shroff College, HOD Co-ordinator BAF - Thakur College, Commerce KES Shroff College Secretary- IAA Thane Chapter Dr. Kuldeep Sharma Dr. Khyati Vora Co-ordinator PG, K.P.B Hinduja College, Asst. Professor Commerce, K.P.B Hinduja Treasurer- IAA Thane Chapter College, Member BoS BFM, UoM Dr. Malathi Iyer Dr. Poonam Kakkad, HOD Economics Vivek College Co-ordinator BAF, Nirmala College Dr. Kishori Bhagat HOD Commerce, Pragati College CORE COMMITTEE MEMBERS Dr. S. D. Ajagekar Vice- Principal, Degree Science Dr. Nishikant Jha Co-ordinator, BAF Dr. Vinita Vaidya Asst. Prof. Botony Mr. Manoj K. Mishra HOD, Accountancy ORGANISING COMMITTEE MEMBERS Ms. Manju Naval Singhania Ms. Ella Gaglani Asst. Prof. Commerce Asst. Prof. Accountancy Mr. Nimesh Jotaniya Mr. Akash Deshmukh Asst. Prof. Accountancy Asst. Prof. Economics Ms. Rama Ray Asst. Prof. (HOD) Business Communication STUDENT ORGANISING COMMITTEE MEMBERS Ajitkumar Yadav Mohak Joshi Anish Shetty Vignesh Pandey Munira Makasarwala Akash Singh Nikita Dalwani Prachi Saraogi Ashish Varma Akshay Patkar Nisha Ahir Dakshita Vijay Dharmesh Bangad Snehal Gopal Manisha Bhatia Yashaswi Patel Sneha Maurya Vikas Chaudhary Sanika Salunke Samarth Veer Forum Desai Sourav Sharma Sakshi Pal Thakur Raman Singh Sangeeta Kaundar MESSAGE Mr. Vinod Tawade Minister of Higher & Technical Education Marathi Bhasha Banking sector gives of financial wings to economy of country to go higher. Business models in banking and finance have changed for economic growth and development. The international conference organised by Thakur College of Science and Commerce is a noteworthy initiative, as its aim is to give the financial wings to the economy of our country. This conference comes as a gentle reminder that we have a long way to excel and to leave imprint in realm of banking and finance around the world. Organising international conference on business models in banking and finance is also a sign of indomitable. I wish conference 2019 to be a milestone event in the field of banking and finance and extend my whole hearted support. All the best wishes for the endeavour of the college. Mr. Vinod Tawade Minister of Higher & Technical Education Marathi Bhasha MESSAGE Mr. Narsingh Pancham Yadav Olympic Athlete (Wrestler) I am pleased to note that the Thakur College of Science & Commerce is organising the International Conference entitled “Business Models in Banking and Finance – The Game Changer for Economic Growth and Development”. I hope that this conference would aim to provide a platform for researchers, academicians and Industrialists across the globe to exchange, discuss the state-of-the-art research and development and identify the future demands and needs in the field of banking and finance. I would like to appreciate all the members of the organizing committee, steering committee, and program committee who have been working with creative efforts to make this conference a grand success. Mr. Narsingh Pancham Yadav Olympic Athlete (Wrestler) MESSAGE FROM CORPORATOR Mr. Sagar Singh Corporator, Kandivali East (Mumbai) The conferences are necessary to bring in culture of information exchange and feedback on developing trends in banking and finance sector. I am delighted to note that the Thakur College of Science & Commerce is organizing the International Conference entitled “Business Models in Banking and Finance – The Game Changer for Economic Growth and Development”. Certainly, this type of conference not only brings all the researchers, students at one platform, but it also inculcates the research culture among the entire fraternity of Education in the country, thereby, contributing to the development of nation. I hope that this conference would certainly induce innovative