On June 26, 2020, the Department of BAF organised a webinar on “4 Steps to Manage Risk”. The resource person Mr. Monal Shah, Certified Financial Planner, and Founder of One Stop Money Solution. The webinar was attended by 70 participants from various colleges.
Mr. Shah began the session with a brief introduction on Risk & Risk Management. He explained in detail about the 4 Steps to Risk Management — Avoidance, Reduction, Transfer and Retention — by giving everyday examples. He also explained how to use Risk Management tools in case of such issues as Job Loss, Natural Calamities, and Coronavirus.
This webinar was aimed at students who wanted to make careers in Banking, finance or management. Also, in a more general sense, it helped to make them aware of how to manage risk at a personal level.
The webinar ended with an interactive session.
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