The Department of Commerce (B.Com. Banking and Insurance) organized the Cuentas Association Valedictory and celebrated National and International Consumer Day on March 14, 2026. The programme featured a series of informative discussions aimed at promoting consumer rights and creating awareness among students. The event was designed to educate both students and the public about the importance of consumer protection in today’s complex and competitive market environment.
As part of the Cuentas Association Valedictory, the outgoing office bearers symbolically handed over the Cuentas Association badge. Mr. S.V. Sri Hari, III Year President, and Ms. Lavanya, II Year (B.Com. Banking and Insurance), formally handed over the association badge, marking the continuation of leadership and responsibilities within the association.
The programme began with a warm welcome address by Ms. Lavanya, II Year B.Com. (Banking and Insurance). In her speech, she welcomed the gathering and highlighted the importance of consumer awareness in a globalized economy. She emphasized that informed consumers play a vital role in maintaining fairness and transparency in the marketplace.
The highlight of the event was an informative presentation delivered by Mr. E. Pranav Praghadeesvar, Ms. S. Lavanya, Ms. K. Rahmath Nisha, and Ms. K. Gopika, second-year students of the B.Com. (Banking and Insurance) programme. Their presentation, titled “Consumer Rights in Banking and Consumer Protection Council,” addressed the current challenges and opportunities related to consumer rights in the banking sector.
The presenters explained the fundamental rights of consumers, including the right to safety, the right to be informed, the right to choose, and the right to be heard. They also discussed the importance of consumer awareness in protecting individuals from unfair trade practices and fraud. The presentation provided an overview of consumer protection laws in India, particularly the Consumer Protection Act, 2019, which has strengthened consumer rights and improved grievance redressal mechanisms.
Furthermore, the presenters highlighted how different countries address consumer protection and discussed the role of international organizations in promoting consumer welfare worldwide. The session was interactive and encouraged students to understand their responsibilities as informed consumers.
The programme concluded with a vote of thanks delivered by Ms. S. Lavanya, a second-year B.Com. (Banking and Insurance) student. She expressed gratitude to the faculty members, organizers, presenters, and participants for making the programme a success.
Outcome of the Programme:
The programme enhanced students’ awareness and understanding of consumer rights and responsibilities, particularly in the banking sector. It encouraged students to become informed consumers and highlighted the importance of consumer protection laws in safeguarding public interests. The event also motivated students to actively participate in spreading consumer awareness in society.