National Institute of Bank Management
National Institute of Bank Management (NIBM) is an Indian institution for research, training and consultancy in banking and finance, in the city of Pune. The campus is self-contained with residential and educational facilities.
Type | Autonomous |
---|---|
Established | 1969 |
Parent institution | Reserve Bank of India |
Chairman | Governor of Reserve Bank of India |
Academic staff | 34 |
Postgraduates |
|
Location | , , 18.475860°N 73.899860°E |
Campus | Urban |
Website | http://www.nibmindia.org/ |
About the Institute[1]
NIBM was established in 1969 by the Reserve Bank of India in consultation with the Government of India as an autonomous "think-tank" for the Indian banking system. It is intended to further the government's objective of developing the banking industry in India, making the industry more cost-effective, and thus better equipped to aid national development. The institute focuses on helping managers in the field make their organizations competitive both domestically and internationally.
The NIBM is governed by a board, chaired by the Governor of Reserve Bank of India, and it includes representatives from the various member banks and educational institutes.[2] The institute generates more than 70 per cent of its own operating budget; the rest is funded by the banking industry. Dr K L Dhingra is the current Director of the institute.[3]
Faculty of the Institute[4]
The Institute's Faculty consists of academicians from a wide range of disciplines Economics, Finance, Commerce, Business Management, Computer Science, Agricultural Science, Psychology, Sociology, etc.
Practicing bankers including central bankers strengthen the faculty by serving the Institute for varying periods of time. The present faculty strength is 34. They specialize in different functional areas and are organized into six Area Groups.
Specialized programmes offered by the respective Area Groups include :
- Finance
- Human Resource Management
- Information Technology
- Money, International Banking and Finance
- Strategic Planning, Marketing and Control
- Rural Finance and Development Research
Activities of the Institute
Research
Research studies initiated by the faculty members form the foundation of various academic activities in the NIBM. Most of the research work seeks to address the existing and emerging issues in the banking system. The Institute also conducts Action Research Projects and projects sponsored by various institutions and government agencies including Reserve Bank of India; Ministry of Rural Development, Government of India, National Bank for Agriculture and Rural Development; International Finance Corporation, and Asian Development Bank. Some of these studies assist in policy formulation as well as policy evaluation at the individual bank level as well as at the systems level.
Training[5]
The Institute conducts a large number of educational and training programmes (about 150 each year) in all the functional areas. The programmes are tailored to the emerging needs in the environment of banking and finance. As a conscious strategy, the focus of the training activities of the Institute is on creating/imparting new perspectives in the crucial areas of concern to the banks. Themes, objectives, duration and level of participation of the programmes are tailored by the faculty from time to time. Institute's programmes are classified into following groups : General Management Programmes, Annual Conferences and Seminars on Topical Issues, Special Conferences and Seminars, Training Programmes on Functional Areas, Faculty Development Programmes, In-company Programmes, and International Programmes. In order to increase the reach of the Institute to the banking system, the Institute also conducts on location programmes.
Collaborative Programmes
Institute conducts specialized programmes in collaboration/association with institutions of advanced learning and international repute like:
- London School of Economics
- Kellogg School of Management
- Federal Reserve Bank of New York
- Stanford Graduate School of Business
- Frankfurt School of Finance & Management
- Chicago Mercantile Exchange
- International Finance Corporation
- Asian Development Bank
- Moody's Analytics, K.M.V. Corporation, U.S.A
- Deutsche Bundesbank
- InWEnt - Capacity Building International
- Financial Services Volunteer Corps
Education
Post-Graduate Diploma in Management (Banking and Finance) The Post-Graduate Programme in Banking and Finance (PGPBF), introduced in the year 2003–04 to groom new generation managers for the banking and financial services industry, is an additional key identity of the Institute. The PGPBF has been renamed as Post Graduate Diploma in Management (Banking & Financial Services) – PGDM (B&FS) following recognition by AICTE, from 2013 onwards. NIBM uses scores of CAT/XAT/CMAT for short listing candidates for WAT-PI for admission to the programme.[6] The Institute has an in-take of 120 students .[7] With this in mind, the Institute has embarked on a massive infrastructure development plan for PGDM Learning Complex, Hostel Complex and Dining Hall within its campus.
Fellowship Programme The Doctoral Programme was one of the major activities of the Institute, initiated almost immediately after its inception, with the objectives of expanding the manpower base for research studies in banking and related areas, fulfilling the educational responsibility of the Institute, and creating a pool of competent and well-trained researchers as a source for future faculty for the Institute.[8]
Consultancy
Providing consultancy support to banks and financial institutions has always been one of the key strengths of the Institute. The focus of our consultancy activities has evolved over time : during the 70s and 80s, the focus was more on providing support in Organizational Design and Development, Design and Implementation of Management Information Systems, Manpower Planning, etc. With the introduction of the financial sector reforms at the initiative of the RBI and the Government of India in the early 90s, there were increasing demands from commercial banks to assist them in Strategic Business Repositioning, Organizational Restructuring, Human Resource Development, Profitability and Productivity Strategies, etc. Towards the end of the 90s, the NIBM took the lead in assisting the banks and financial institutions in setting up their Integrated Risk Management System, Asset liability management System, Managing Market Risk, Credit Risk Management System Design, etc. Credit Rating for Large Corporate and SMEs developed by NIBM faculty are popular in banks. The Institute has also successfully handled the HR issues in the recent merger of various banks. Presently the focus of the consulting activities is more on IRM, designing ICAAP, Organizational Restructuring, Manpower Planning, Customer Relationship Management, Customer Service, etc.
Publications
The Institute, since its inception in 1969, has been bringing out a variety of publications in the form of books, journals, reports, mimeographs and working papers in tandem with its research and training functions. Apart from over 100 books, a major segment of the publications consisted of the 14 Programmed Learning Texts on operational banking published in the initial years of the NIBM, specifically to meet the training needs of the new entrants into the banking industry due to its geographic expansion in the 70s.
A major activity is the regular publication of the following two quarterly journals in English:
- Prajnan : Journal of Social and Management Sciences : A Leading Refereed Quarterly Journal (launched in 1972).
- Vinimaya : Presents conceptual and practical viewpoints of both bankers and management educationists (launched in 1979).
Member Banks
In addition to the RBI, its associate member banks are the State Bank of India and several of its subsidiaries, 19 National Banks, and two foreign banks HSBC and Bank of America.[9]
References
- "About the Institute Vision". nibmindia.org.
- "NIBM". nibmindia.org.
- "Reserve Bank of India – Database". Rbi.org.in. Retrieved 6 November 2018.
- "NIBM". nibmindia.org.
- "NIBM". nibmindia.org.
- "PGDM". pgdm.nibmindia.org.
- "Business News, India Stock Market, Personal Finance, IPO, Financial News Headlines – The Financial Express". The Financial Express.
- "PGDM and Fellowship Programme Admission Process". PaGaLGuY – The Education Network.
- "NIBM". nibmindia.org.