The Department of Commerce was established at the time the college was established on 7 November, 1983. It was then named as Department of Commerce (Banking) in the year 1996. From the year 2003, it was renamed as the Department of Finance. Since then, the Department was being headed by Dr. Naba Kr. Goswami till 31 March, 2019.

The Department of Finance teaches undergraduate and HS level programs aligned with the faculty's interdisciplinary knowledge and expertise. The Department of Finance also holds the credit of guiding the students to attain State Highest Marks in Banking in HS Final Examinations, five (5) times till date. The department aspires to provide quality education along with proper guidance to the budding students of today. Presently following faculty members are serving in the department.