Post-Graduate Programme in Banking and Finance (PGPBF)

nibmindia.org

Post-Graduate Programme in Banking and Finance (PGPBF)

PGPBF

Prospectus: 2012 – 2014

National Institute of

Bank Management

Pune

Post-Graduate

Post-Graduate

Programme Programme in

Banking and

Finance


List of NIBM Governing Board Members

(Members List as on September 1, 2011)

Dr Subir Gokarn

Deputy Governor

Reserve Bank of India

Central Office

Shahid Bhagat Singh Marg

Mumbai 400 023

Shri P Vijaya Bhaskar

Executive Director

Reserve Bank of India

Central Office

Shahid Bhagat Singh Marg

Mumbai 400 023

Shri Sandip Ghose (Special Invitee)

Chief General Manager – Incharge

Department of Administration and

Personnel Management

Reserve Bank of India, Central Office

Shahid Bhagat Singh Marg

Mumbai 400 023

Shri Alok Misra

Chairman & Managing Director

Bank of India

Star House, C-5, G-Block

Bandra-Kurla Complex, Bandra (East)

Mumbai 400 051

Shri A S Bhattacharya

Chairman & Managing Director

Bank of Maharashtra

"Lok Mangal" Building

1501 Shivaji Nagar

Pune 411 005

Shri Atul Kumar Rai

Chief Executive Officer & Managing Director

The Industrial Finance Corporation of India Ltd

IFCI Tower, 18th Floor

61 Nehru Place

New Delhi 110 019

Shri Ashok Soota

Chairman & Managing Director

Happiest Minds Technologies Pvt. Ltd.

747, 18th Main, 6th Block

Koramangala

Bangalore 560 095

Dr Ashima Goyal

Professor

Indira Gandhi Institute of Development Research

Gen. A K Vaidya Marg, Goregaon (E)

Mumbai 400 065

Ms S Ramalakshmi

Associate Vice President (QA)

APMAS

Plot No.20, Road No.2

Banjara Hills

Hyderabad 500 004

Dr D Subbarao

Governor

Reserve Bank of India

Chairman

NIBM Governing Board

Dr Asish Saha

Director & Member-Secretary

National Institute of Bank Management

Pune

Shri Pratip Chaudhuri

Chairman

State Bank of India

Corporate Centre, State Bank Bhavan

Madame Cama Road

Mumbai 400 021

Shri M V Nair

Chairman & Managing Director

Union Bank of India

Union Bank Bhavan

239, Vidhan Bhavan Marg

Nariman Point

Mumbai 400 021

Shri M Narendra

Chairman & Managing Director

Indian Overseas Bank

P B No.3765

762 Anna Salai

Chennai 600 002

Shri M D Mallya

Chairman & Managing Director

Bank of Baroda

Baroda Corporate Centre, C-26, G-Block

Bandra-Kurla Complex, Bandra (E)

Mumbai 400 051

Shri K R Kamath

Chairman & Managing Director

Punjab National Bank

7 Bhikaiji Cama Place

Africa Avenue

New Delhi 110 066

Ms Naina Lal Kidwai

Group General Manager & Country Head

The Hongkong & Shanghai Banking Corpn. Ltd

52/60 M G Road, Level 5

Mumbai 400 023

Dr P G Apte

Professor

Indian Institute of Management

Bannerghatta Road

Bangalore 560 076

Dr Y S P Thorat

Indu Niketan

226 E, Tarabai Park, Gen. Thorat Road

Kolhapur 416 003

Ms Rama Bijapurkar

Consultant

314 Nirman Kendra

Dr E Moses Road, Mahalakshmi

Mumbai 400 011

Shri V K Khanna

Associate Professor

Faculty Representative (FRGB)

National Institute of Bank Management

Pune 411 048


NATIONAL INSTITUTE OF BANK MANAGEMENT

The National Institute of Bank Management is the

Premier Institution for Training, Education, Research and Consultancy in the

Field of Banking and Finance in India

The forces of change shaping the banking and financial system worldwide are fundamental and constant.

The intense competitive pressure on the financial system has generated a variety of products and services to

meet the specialized needs of millions of customers. The impact of these changes in the international

financial system was felt in India in the early nineties when she initiated the process of integrating her

economy with the global economic order. This ushered in the phase of financial sector reforms in our

country. Reforms, which are primarily aimed at aligning the Indian banking system to the international

best practices, are having lasting effect on the entire fabric of the Indian financial system which is presently

undergoing a major phase of metamorphosis. While reflecting on the dynamics of this change and its

implications in the management of banks, one need to emphasize the phenomenal growth profile of the

Indian banking industry in retrospect and prospect in terms of business, branch network, etc.

Correspondingly, the average population served per bank branch has come down significantly.

The cultural diversity, vast geographical spread and federal character of the country are amply represented

in the complexity of the banks' operations. There has been a perceptible change in the environmental

scenario in banking and finance since the early nineties, and, consequently, managing these institutions

efficiently is a major and continuous challenge.

The recent global financial crisis would change dramatically the way the world regulates the financial sector.

Like in other countries, India too will have to address this issue sooner or later. However, our problem is a

little different since we must regulate markets in a way that does not hamper development. To the extent that

the financial sector helps deliver stronger and more secure long-term growth, its development is important

and therefore our regulatory framework should be premised on this underlying argument.

The Institute

Established in 1969 by the Reserve Bank of India,

in consultation with the Government of India, as

an autonomous apex institution, with the

mandate of playing a proactive role of “thinktank”

of the banking system, the National

Institute of Bank Management (NIBM) is part of

the grand vision of giving a new direction to the

banking industry in India and making the

industry a more cost-effective instrument for

national development. Therefore, helping the

managers in their endeavour to make their

organizations competitive both in domestic and

international markets is the mission of the

Institute.

The NIBM is an autonomous academic institution

Administrative Block

governed by a Board, its highest policy-making body. The Governor of the Reserve Bank of India (the central

bank of the country), is the Chairman of the Governing Board.

The Institute is engaged in Research (policy and operations), Education, Training of senior executives of

banks, and provide Consulting support to the banking and financial sector. As an institution of advanced

learning, NIBM is well-equipped to train executives to function in a multi-cultural and multi-national

environment. By providing interdisciplinary modules of theory and practical learning, participants are

equipped to become masters in problem-solving. In a year the Institute, on an average, conducts about 150

Training Programmes in various functional areas and as also Conferences and Seminars addressing issues

of topical concern to the banking and financial services industry. About 3000 participants, including about

250 from various developing nations, attend NIBM training programmes every year.

1


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 Institute is located in sylvan surroundings in a picturesque valley within the Pune city in the State of

Maharashtra. The Campus is spread over a 60-acre plot of undulating landscape with minimum of

distraction and pollution. It has its own self-contained campus with complete residential and educational

facilities.

Vision of the Institute

“The National Institute of Bank Management will be the trustee for India for helping to create world-class,

competitive banking and financial services capabilities. The Institute would endeavour to offer knowledgebased

products and services in the field of bank management that are as good as, if not better than, the best

anywhere in the world. While much of the products of the NIBM would be of universal interest, there would

also be a focus on the legal and institutional aspects specific to India. The NIBM will be the preferred partner

for enabling vision, strategies, organization, systems, technical, managerial and leadership competencies in

the banking and financial sector, so as to help retain a high share of the domestic market, as well as capture

a significant share of the global market.”

Roles of the Institute





To be the main research and academic arm of the banking industry for continuously upgrading the

knowledge and skills relevant for its top management.

To be the storehouse of data and information of all new and emerging issues in the banking sector.

To be the catalyst in helping banks to secure their financial position and make them world-class.

To be a change agent in the overall functioning of the banking system and facilitate the ushering in of

professionalism in the banking and financial system of the country.

Publication of books and journals is integral to its objectives. It also releases monographs on issues of

topical interest and during the last nine years the Institute has also been publishing a Compendium of

Published Papers and Articles, Conference Presentations by its Faculty members every year.

NIBM – An Organization of Excellence in Banking and Finance

Since its inception the Institute has evolved certain methods of learning and problem-solving approaches.

Research studies conducted by the faculty members on a regular basis form the first pillar of their strength.

Secondly, the insight developed by the faculty while providing consulting support to various banks is

unique. The third important source of knowledge is the conferences and seminars in which the bankers also

present papers and participate in discussions on strategic, operational and managerial aspects of banking

and finance. Fourthly, the faculty members utilize the opportunities to learn various aspects of the

functioning of banks and financial institutions when they guide and assist the programme

participants/PGPBF students in their dissertation/project work. The fifth and a very important source of

learning is the Task Forces and Study Groups set-up at the industry level in which Faculty of NIBM are also

invited to participate as a member along with senior bankers. In addition to these distinctive sources of

learning, the NIBM faculty learns a great deal about the operational/managerial issues through continuous

interaction with the bankers in the classroom and also while visiting their offices.

These modes of learning help the members of the faculty, who are essentially discipline-based specialists, to

develop first-hand knowledge of, and insight into, banking and financial management issues. It enables the

Institute to provide not only relevant management education to executives, but also to assist in solving

organizational problems by adopting an interdisciplinary approach. This makes NIBM a unique

organization of excellence.

NIBM is recognized by the University of Pune as an approved centre for Post-Graduate Research and also by

the Department of Scientific and Industrial Research, Ministry of Science & Technology, Government of

India. Many Ph.D. students are currently registered with NIBM for their doctoral dissertation under the

supervision of the Institute's faculty members.

2


A. Faculty of the Institute

B. Activities of the Institute

Academic Set-up and Support Facilities

The Institute's Faculty consists of academicians from a wide range of disciplines, viz. 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 31. They specialize in different functional areas and are

organized into six Area Groups. Specialized programmes offered by the respective Area Groups include :

I. Finance

Lending to Industry, SME Finance and Retail Lending, Structured Finance, Infrastructure Financing,

Sustainable Bank Finance, Management of NPAs, Integrated Treasury Management, Asset-Liability

Management, Integrated Risk Management including Credit Risk Modeling and Loan Portfolio Management,

Managing Interest Rate Risk, Operational Risks, RAROC, EVA, RAPM & ICAAP, Financial Derivatives, etc.

II. Human Resource Management

Human Resources Development Systems, Enabling Performance Effectiveness (Team Building, Leadership,

Emotional Intelligence), Management of Training Systems (Training Need Analysis, Training Evaluation,

Faculty Development Programmes), etc.

III. Information Technology

Payment and Settlement Systems, IS Audit and IT Risk Management, Data Warehousing and Business

Intelligence Systems, Cyber Security, etc.

IV. Money, International Banking and Finance

Forex Business, Money Market Dealings, Forex Risk Management and Derivatives, Bourse Game, Monetary

Policy and Intervention, International Capital Flows, Financing Foreign Trade, etc.

V. Planning, Control and Marketing

Strategic Planning Framework, Organizational Restructuring, Designing Systems and Processes, Brand

Management, Bank Marketing, Customer Relationship Management, Customer Service and Market

Orientation, etc.

VI. Rural Finance and Development

Rural Development, Microfinance, Financing Rural Infrastructure, Financing Agri-business Projects and

High-Tech Agriculture, Agricultural Lending Strategies, Risk Management in Agricultural Lending, etc.

Conveniently divided into four areas, viz. Research, Training, Education and Consultancy,

the activities

of the NIBM are integrated in nature. Research and Consultancy complement each other and the outputs

form a very important segment of the training and teaching inputs.

(a)

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; IFC, Washington and ADB, Manila. 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.

3


(b) Training

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 onlocation programmes.

Collaborative Programmes

Institute conducts specialized programmes in collaboration/association with institutions of advanced

learning and international repute like : The London School of Economics and Political Science (LSE), UK;

Kellogg School of Management, Chicago, USA; Federal Reserve Bank of New York, USA; Stanford Graduate

School of Business, California, USA; Chicago Mercantile Exchange (CME), Chicago, USA; International

Finance Corporation (IFC), Washington and Asian Development Bank (ADB), Manila; K.M.V. Corporation,

USA; Deutsche Bundesbank and InWent Capacity Building International, Germany; and Financial Services

Volunteer Corps (FSVC), New York, USA.

(c) Education

1. Post-Graduate Programme in Banking and Finance (PGPBF) : NIBM has been successfully

conducting PGPBF since 2003-04. The two-year PGPBF is designed as a contemporary, rigorous, innovative

and practical source of management education. The

Programme is pitched to provide to the financial

system, on a regular basis, a pool of talented

youngsters thoroughly trained and fully prepared

with Analytical Skills and Perspectives in Banking

and Finance for directly taking up managerial

responsibilities.

Going by the consistent 100 per cent placement

record of the students in major public sector, new

generation private sector and foreign banks and

extremely positive feedback from the banking and

financial services community on the performance of

Dr K C Chakrabarty, Dy. Governor,

RBI, Addressing the PGPBF Class

PGPBF students, the Institute is planning to augment

the in-take of students to 240 in the medium-term and to 480 in the long-term. With this in mind, the

Institute has embarked on a massive infrastructure development plan for PGPBF Learning Complex, Hostel

Complex and Dining Hall within its campus.

2. Fellowship Programme : Historically, the Doctoral Programme was one of the major activities of the

Institute, initiated almost immediately after its inception, with the objectives of (i) expanding the manpower

base for research studies in banking and related areas, (ii) fulfilling the educational responsibility of the

Institute, and (iii) creating a pool of competent and well-trained researchers as a source for future faculty for

the Institute (and society at large).

Institute has been inducting Research Associates in the NIBM Fellowship Programme from 2009-10.

Currently there are 6 Research Associates pursuing the Fellowship Programme of the Institute. The

Fellowship will normally be for a total period of 3 years during which students are expected to work on their

fellowship dissertation and also provide assistance to NIBM Faculty in PGPBF teaching.

4


(d) 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 MIS, Manpower Planning, etc. During the early 90s we have been focusing more on

Design and Development of Computerized MIS, Merchant Banking and Financial Services, Training

Strategies, Strategies for Improving the Profitability and Productivity of commercial banks, 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. The ALM package in Oracle platform,

Investment Management DSS, 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.

(e)

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 :

(i) Prajnan : Journal of Social and Management Sciences – A Leading Refereed Quarterly Journal

(launched in 1972).

(ii) Vinimaya – Presents conceptual and practical viewpoints of both bankers and management

educationists (launched in 1979).

These journals cater to the needs of professional managers, bankers, researchers and educationists. It may

be mentioned that the editorial board of Prajnan

consists of renowned academicians of

international repute.

Research findings are also brought out in the

form of mimeographs and working papers and

are disseminated to the banking industry.

C. Support Services

(a) Library

An excellent library has been built-up specially to

cater to the needs of the banking and financial

sector. The library procures books, journals,

reports and audio-visual materials specially

related to banking and finance. It is also well

equipped in the general management and

Journal Section of Library

management training areas. It has a carefully selected collection of over 67,500 volumes. The library

receives 306 journals from all over the world. In addition to these, the library receives 64 economic bulletins

published by Indian as well as foreign banks; 36 periodic bulletins/newsletters/house journals issued by

5


academic, research and training institutions in India and abroad by various

banks. Besides, it collects special reports of committees, task forces and

institutions. The library has a substantial collection of micro-films, video and

audio cassettes, CDs, DVDs, VCDs, Diskettes/Floppies, films (16mm) and slide

sets on different subjects.

Bankers' Brief : An online weekly newsletter brought out by the library is a

ready reference on current news and views culled from newspapers and

periodicals.

Library services include press clippings, selective Dissemination of

Information, reference and bibliographical services through WebOPAC

software having 2.82 lakh records available for retrieval.

(b) Computer Services Center

The Institute has a fully-equipped Computer Services Center providing excellent computing facilities. The

Center hosts various HP and HP Compaq servers with operating systems like Novell NetWare, Windows

2003 and Linux to which more than 300 pentium nodes are connected to form the NIBM's Local Area

Network. Various softwares including Oracle 9i, Prowess, SPSS, Mathlab, etc. are installed on servers. The

Center provides state-of-the-art computing facilities to support research, training and consultancy

activities of the Institute. All the five computer labs are equipped with Pentium-IV machines, projection

systems and are used for demonstration and hands-on sessions during the training programmes. Internet

access is available in all the computer labs. There is an exclusive computer lab for the students of PGPBF.

Some areas of the lecture hall complex, multi-purpose hall and the library have Wi-Fi access to enable easy

internet connectivity.

(c) PGPBF Office

This office facilitates all PGPBF activities ranging from publicity, admission, programme execution,

examination, results, project placement, job placement, convocation, alumni and student facilities such as

hostel, mess, sports and extra-curricular activities.

(d) Other Facilities

Programme Office : The Programme Office is geared to facilitate the conduct of the various training

programmes.

Administrative Services : The administrative services of the Institute include Accounts, General

Administration, Programme Office, Library, Computer Services, Publications, Medical Services and Estate

Management. These services facilitate the various aspects and requirements of the Institute's activities.

Residential Facilities : The Institute provides well furnished accommodations to all the participants of

training programmes and the PGPBF. The accommodation is comfortable and services courteous.

Medical Services : The in-house dispensary provides basic medical services within the campus. Two

qualified Resident Medical Officers are available on call round the clock. Besides, arrangements with bigger

and sophisticated hospitals ensure prompt and full range of medical services.

Recreation : The campus has facilities for outdoor games like tennis and indoor games like badminton and

table tennis. A health centre with state-of-the-art equipments is also available. TVs are provided in

recreation lounges. DVDs/VCRs and music systems are also available for playing video and audio

CDs/cassettes. Cultural activities are frequent, and national festivals are celebrated with gaiety in the

campus.

Banking, Postal and Telecommunication Services : A bank branch and a post office, located within the

campus, provide the required services. In addition, many public and private sector banks have their

branches and ATMs in close vicinity of the campus. The Institute has telecommunication facilities like

telephone, fax, e-mail, intranet and internet.

6


Director

Asish Saha

M.B.M. (Finance), Ph.D. (Calcutta Univ.)

Faculty Members and their Academic Areas





Finance

Asish Saha, M.B.M. (Finance), Ph.D. (Calcutta Univ.)

Professor

K Ramesha, M.A., Ph.D. (Calicut Univ.)

Professor

V S Kaveri, M.Com., Ph.D. (Bombay Univ.)

Visiting Professor

Arindam Bandyopadhyay, M.Sc. (Eco.), M.Phil., Ph.D. (JNU, New Delhi)

Associate Professor

Sanjay Basu, M.Sc. (Economics, Culcutta Univ.), Fellow (IIM, Calcutta)

Associate Professor

Vijay K Khanna, B.A. (Hons., Economics), F.C.A. (Institute of Chartered Accountants of India)

Associate Professor

S V Kuvalekar, M.Com., M.Phil., Ph.D. (Osmania Univ.)

Associate Professor

M Manickaraj, M.Com., M.Phil., Ph.D. (Bharathidasan Univ.)

Associate Professor

Vikas Srivastava, MBA (Finance, Lucknow Univ.), ADM (AIMA), Ph.D. (AMU)

Associate Professor

Richa Verma Bajaj, MBA, MIB, Ph.D. (Gurujambheshwar Univ.)

Assistant Professor

Tasneem Chherawala, MS (QE)

Assistant Professor

Elizabeth James, M.Com. (Financial Management), Ph.D. (Barkatullah Univ.)

Assistant Professor

Kedar nath Mukherjee, M.Com., M.Phil., Ph.D. (Osmania Univ.)

Assistant Professor

Human Resource Management

Deepa Mazumdar, M.A. (Industrial Psychology, Bombay Univ.),

Ph.D. (Career Counselling, Lausanne Univ., Switzerland)

Professor

Asha Naik, Ph.D. (Osmania Univ.)

BoM-HRM Chair Professor

Shomi Srivastava, M.A. (Psychology, Allahabad Univ.),

Ph.D. (Organizational Behaviour, Allahabad Univ.)

Assistant Professor

Information Technology

The Institute Personnel

Alka Vaidya, B.Sc., M.C.M., Ph.D. (Pune Univ.)

Assistant Professor

Deepankar Roy, B.E. (Mech.), M.Tech. (Comp. Appl., Indian School of Mines, Dhanbad)

Faculty Research Associate

Money, International Banking and Finance

G Nagaraju, M.A. (Economics), M.Phil., Ph.D. (Osmania Univ.)

Associate Professor

7


Jiji T Mathew, M.A. (Economics, M.G. Univ.) Ph.D. (Madras School of Economics, Madras Univ.)

Assistant Professor

Gargi Sanati, M.A. (Economics), M.Phil. (Economics, University of Kalyani)

Faculty Research Associate

Smita Roy, M.A. (Economics)

Faculty Research Associate

� Planning, Control and Marketing

Kalyan Swarup, M.Sc., M.E. (BITS, Pilani), Fellow (NIBM)

Dean, PGP & Professor

Dhananjay Bapat, BE (Industrial Engineering), MBA (Finance), Ph.D. (Gujarat Univ.)

Assistant Professor

Sarita Bhatnagar, MBA, NET, Ph.D. (JRN Rajasthan Vidyapeeth Univ.)

Assistant Professor

Anjan Roy, B.Tech., Fellow (MDI, Gurgaon)

Assistant Professor

� Rural Finance and Development

R Dasgupta, M.Sc. (Statistics), Ph.D. (Delhi Univ.)

Professor

Anjali Kulkarni, M.S.W., M.B.A., Ph.D. (Tilak Maharashtra Univ.)

Associate Professor

Naveen Kumar K, M.A. (Economics), PGDHRM, Ph.D. (ISEC, Bangalore)

Assistant Professor

Research Associates

Nandita Malini Barua, M.A. (Economics, Gauhati Univ.)

Saket Hishikar, M.A. (Economics, GIPE), M.Sc. (Pensions & Aging, Tilburg Univ, Netherlands)

Priti Katariya, M.B.A. (Systems Mgmt, North Maharashtra Univ.), CA (ICAI)

Anagha P Sharangdhar, M.A. (Psychology, Pune Univ.)

Sanat Kumar Kar, Master of Finance and Control (Utkal Univ.) CAIIB (IIBF, Mumbai)

Sumit Jain, M.A. (Economics, Rajasthan Univ.), M.Phil. (IGIDR, Mumabi)

Senior Administrative Personnel

Virender Sharma, M.A. (English, Panjab Univ.), M.Ed. (Annamalai Univ.), Ph.D. (Pune Univ.)

Head, Administrative Services

Anagha P Kotwal, B.Com, ACA

Accounts Manager

Medical Officers

Amit Majumdar, MBBS, MD (Medicine, Pune Univ.)

Medical Advisor

Pallavi Deshpande-Mitra, MD (Physician)

Resident Medical Officer

Administrative Officers

John T D, M.A. (Sociology), Diploma in Journalism, Certificate Course in Printing Technology

Publications Officer

Priscilla Vaz, M.A. (History)

PA to Director

Bhakti R Gole, M.Lib.I.Sc., NET

Library Incharge

L V Yeotikar, M.Com

Programme Officer

* On leave with lien

8


Dignitaries Who Visited NIBM in the Recent Past

1. Dr D Subbarao, Governor , Reserve Bank of India, Mumbai & Chairman, NIBM Governing Board, Pune

2. Dr C Rangarajan, Chairman, Economic Advisory Council to the Prime Minister of India, New Delhi.

3. Dr K C Chakrabarty, Deputy Governor, Reserve Bank of India, Mumbai

4. Dr Subir Gokarn, Deputy Governor,

Reserve Bank of India, Mumbai

5. Dr Kaushik Basu, Chief Economic Advisor,

Ministry of Finance, Government of India, New Delhi.

6. Late Dr Suresh D Tendulkar,

Former Chairman, Economic Advisory Council to the Prime Minister of India,

New Delhi.

7. Dr Y V Reddy, Former Governor,

Reserve Bank of India, Mumbai

8. Smt. Usha Thorat, Former Deputy Governor, Reserve Bank of India, Mumbai

8. Dr Rakesh Mohan, Former Deputy Governor, Reserve Bank of India, Mumbai

9. Shri V Leeladhar, Former Deputy Governor, Reserve Bank of India, Mumbai

10. Shri N R Narayana Murthy, Chairman Emeritus, Infosys Technologies Ltd, Bangalore

11. Shri Babasaheb Kalyani, Chairman and Managing Director,

Bharat Forge Limited, Pune

12. Prof Charles A E Goodhart, Norman Sosnow Professor of Banking and Finance, The London School of

Economics & Political Science, London

13. Dr Kurt Dew, Professor,

Griffith University, Australia

14. Dr Dipak C Jain, Former Dean,

Kellogg School of Management & Sandy and Morton Goldman Prof. of

Entrepreneurial Studies and Professor of Marketing, North Western University, Chicago, USA

15.

Late Dr Amaresh Bagchi, Former Professor Emeritus, National Institute of Public Finance and Policy, New Delhi

16. Shri T N Ninan, Chairman and Managing Director, Business Standard Ltd.

1 7. Dr B B Bhattacharya, Former Vice-Chancellor , Jawaharlal Nehru University, New Delhi

18. Dr Narendra Jadhav, Member, Planning Commission, Government of India, New Delhi.

19. Mr John Heinze, Examining Officer and Team Leader, The Federal Reserve Bank of New York, USA

20. Shri N Vaghul, Chairman Emeritus, ICICI Bank Ltd., Mumbai

21. Shri M D Mallya, Chairman and Managing Director, Bank of Baroda, Mumbai

22. Shri A S Bhattacharya, Chairman and Managing Director,

Bank of Maharashtra, Pune

23. Shri M Narendra, Chairman and Managing Director,

Indian Overseas Bank, Chennai

24. Smt K J Udeshi, Chairman, The Banking Codes and Standards Board of India, Mumbai

25. Shri Dipankar Basu, Chairman , Securities Trading Corporation of India Ltd. , Mumbai

26. Shri A K Purwar, Former Chairman,

State Bank of India, Mumbai

27. Shri S Sridhar, Former Chairman and Managing Director, Central Bank of India, Mumbai

28. Shri S C Gupta, Former Chairman and Managing Director,

United Bank of India, Kolkata

29. Shri T C Venkat Subramanian, Former Chairman and Managing Director , EXIM Bank, Mumbai

30. Shri K N Prithviraj, Former Chairman and Managing Director,

Oriental Bank of Commerce, New Delhi

31. Shri Allen C Pereira, Former Chairman and Managing Director,

Bank of Maharashtra, Pune

32. Dr Anil Khandelwal, Former Chairman and Managing Director,

Bank of Baroda, Mumbai

33. Shri B D Narang, Former Chairman and Managing Director,

Oriental Bank of Commerce, New Delhi

34. Shri Supratik Chatterjee, Former Managing Director, State Bank of Bikaner & Jaipur, Jaipur

35. Shri V Ahuja, Former Chief Executive Officer, Bank of America, Mumbai

36. Shri A Guha, Former Managing Director , State Bank of Hyderabad, Hyderabad

37. Dr K G Karmakar, Former Managing Director, National Bank for Agriculture and Rural Development, Mumbai

38. Shri B Sambamurthy, Director,

Institute for Development and Research in Banking Technology, Hyderabad

39. Dr V S Chitre, Hon. Director, Indian School of Political Economy, Pune

40. Shri T L Sankar, Honorary Visiting Professor, Administrative Staff College of India, Hyderabad

41. Shri Sandip Ghose, Chief General Manager-Incharge, Reserve Bank of India, Mumbai

42. Dr P G Apte, Former Director,

Indian Institute of Management, Bangalore

43. Dr A S Kolaskar, Former Vice-Chancellor,

University of Pune, Pune

44. Dr D M Nachane, Former Director,

Indira Gandhi Institute of Development Research, Mumbai

45. Dr Mohan Agashe, Actor & Psychiatrist, Former Director, Film and Television Institute of India, Pune

46. Dr T C Nair, Former Member, Securities Exchange Board of India, Mumbai

47. Shri M G Bhide, Former Chairman, NIBM Governing Board, NIBM, Pune

48. Dr Pradip N Khandwala, Former Director,

Indian Institute of Management, Ahmedabad

9


Member Banks and Associate Member Banks/Institutions

Following are the Member Banks and Associate Member Banks of the NIBM Society, who have been

admitted by the Governing Board of the Institute. The Member Banks contribute towards the budget of

NIBM on a permanent basis and ten of them are represented on rotation in the Governing Board, and

Associate Member Banks contribute a fixed amount towards the budget of NIBM :

Member Banks

A. Reserve Bank of India

B. State Bank of India

C. Nationalized Banks

1. Allahabad Bank

2. Andhra Bank

3. Bank of Baroda

4. Bank of India

5. Bank of Maharashtra

6. Canara Bank

7. Central Bank of India

8. Corporation Bank

9. Dena Bank

10. Indian Bank

11. Indian Overseas Bank

12. Oriental Bank of Commerce

13. Punjab National Bank

14. Punjab & Sind Bank

15. Syndicate Bank

16. UCO Bank

17. Union Bank of India

18. United Bank of India

19. Vijaya Bank

D. Subsidiaries of State Bank of India

1. State Bank of Bikaner & Jaipur

2. State Bank of Hyderabad

3. State Bank of Mysore

4. State Bank of Patiala

5. State Bank of Travancore

E. Foreign Banks in India

1. Bank of America NT & SA

2. Hongkong & Shanghai

Banking Corpn. Ltd.

Associate Member Banks/Institutions

1. IDBI Bank Ltd.

2. National Bank for Agriculture & Rural Development

3. Export-Import Bank of India

4. ICICI Bank Ltd.

5. ING Vysya Bank Ltd.

6. Yes Bank Ltd.

7. The Federal Bank Ltd.

8. The Jammu & Kashmir Bank Ltd.

9. The Karur Vysya Bank Ltd.

10. The South Indian Bank Ltd.

11. The Abhyudaya Cooperative Bank Ltd.

12. The Maharashtra State Coop. Bank Ltd.

13. The Saraswat Cooperative Bank Ltd.

14. The Lakxmi Vilas Bank Ltd.

Blooming Seasonal Trees of the Campus


Post-Graduate Programme in Banking and Finance

(PGPBF) Batch X

2012-2014

National Institute of Bank Management

NIBM Campus During Spring Season


Upcoming PGPBF Complex

The process of development of a new complex for the PGPBF of the Institute has been initiated. Dr D Subbarao, Governor,

Reserve Bank of India and Chairman,

NIBM Governing Board, laid the Foundation Stone of the PGPBF complex on

March 10, 2011. The highlights of the new complex are:

(a)

(b)

(c)

A state-of-the-art Learning Complex for 240 students with all accompanied facilities. The complex will comprise

spacious and fully equipped classrooms, seminar halls, workshop rooms, faculty rooms, café, etc.

A modern and well-equipped self-contained hostel for 240 students (single occupancy with attached toilets).

A well-furnished Dining Hall with modern hi-tech kitchen, and also a state-of-the-art Gymnasium.

On completion, this complex shall be at par with the modern campuses of the best B-Schools of the country.

Dr D Subbarao, Governor, RBI

Laying the Foundation Stone of the PGPBF Complex

12

Dignitaries being briefed about PGPBF Complex


Introduction

Expected Profile of the Students

Curriculum

POST-GRADUATE PROGRAMME IN

BANKING AND FINANCE

(PGPBF)

Paradigm shift in the banking and financial environment of the country has created an emergent need for a

new genre of management professionals to meet the new challenges in managing banks, financial

institutions, non-banking financial companies and corporates. In order to cater to this need, the NIBM

conducts a two-year Post-Graduate Programme in Banking and Finance (PGPBF) . This is an added

dimension to the NIBM’s ongoing focus on executive-level Training, Research, Consultancy and

Publications. The two-year PGPBF is designed as a contemporary, rigorous, innovative and practical

source of management education.

The Programme is pitched to

provide to the financial system, on a

regular basis, a pool of talented

young executives who would be

thoroughly trained in Foundations,

Analytical Skills and Perspectives in

Banking and Finance so that they

are fully prepared to shoulder

managerial responsibilities.

Placement have been 100 per cent

since the very first batch. The

Institute has been receiving an

extremely positive feedback from

the banking and financial

community about the PGPBF

students recruited by them in the

past, which can be considered as a

hallmark for this programme.

Convocation Photograph of 2009-11

Students admitted to the post-graduate programme are expected to have scholastic achievements in

different disciplines such as arts, commerce, science or professional streams like engineering, etc. Some of

the students may also have achievements in extra-curricular and organizational activities. In selecting the

candidates for admission to PGPBF, our endeavour is to select a batch with a mix of students with diverse

educational backgrounds.

The student is expected to have high levels of initiative and energy, capacity for hardwork, strong task

orientation, willingness to learn, and a temperament suitable for team work.

In addition to the fresh graduates, the PGPBF will have young officers with experience sponsored by banks

and financial institutions. The selection modalities and other related details for sponsored candidates shall

be directly informed to these banks and financial institutions by NIBM.

PGPBF is an intensive two-year programme. The curriculum covers the basic functional areas of finance and

accounting, marketing, human resource management, strategic planning, management and control, and

rural finance. The basic principles of economics, behavioural sciences, rural finance, information

technology and quantitative methods are taught in the context of management. On the basis of this

foundation, specialized inputs in banking and finance form a major part of the curriculum. A project work of

about 8 to 10 weeks duration on a real life situation in an organization, after the completion of first year, is an

integral part of the Programme. In addition, one project of social relevance and one specialized project in

banking and finance, are to be completed during the Programme.

13


Course Work

During the two-year of Programme duration, a student will be required to complete the following courses,

subject to progressive fine-tuning :

Term I

� Statistics for Management

� Organizational Behaviour

� Managerial Accounting - I

� Managerial Economics

� Organizational Structure, Process & Design

� Foundations of Financial Management

� Managerial Communication - I

� Computation Techniques

Term II

� Banking Operations Management

� Econometric Methods

� Managerial Accounting - II

� IT in Banking

� Marketing Management

� Human Resource Management

� Corporate Finance

� Managerial Communication - II

Term III

� Macro Economic Environment

� Marketing of Banking Services

� Management of Bank Lending - I

� Financial Institutions Management

� Advanced Econometric Methods

� Financial Markets & Instruments & Foundation

of Fixed Income Securities

� Research Methodology & Problem Solving

� Management Science Techniques

� Development Banking & Rural Finance - I

Term IV

� Securities Analysis & Portfolio Management


� Risk Management - I

� International Banking & Foreign Exchange - I





Term V





� Treasury Management




� Financial Engineering & Structured Finance


Term VI


Merchant Banking & Financial Services

Project & Infrastructure Finance

Management of Bank Lending - II

Development Banking & Rural Finance - II

Financial Derivatives - I

Risk Management - II

Financial Derivatives - II

International Banking & Foreign Exchange - II

Corporate Governance & Business Ethics

Management of Bank Lending - III

International Money & Finance

Advanced Topics in Risk Management

Bank Regulation and Supervision,

Audit & Control

Banking and Finance Project

In addition to the above courses the students have to successfully complete a project of social relevance

during the course work at NIBM. Students shall also be attending a Personality Development Workshop.

Project Work

After completing three terms of course work in the first year, the students are required to work on an

assignment in an organization for 8 to 10 weeks. The objective is to expose students to the dynamics of an

organization and to integrate classroom learning with practical experience. The student’s project work shall

be evaluated by the organization. The project work is an integral part of the academic curriculum and must

be completed satisfactorily. The project work will be undertaken in reputed banks and financial institutions.

Some stipend may be given by the banks and financial institutions to the students for their project work.

14


Method of Instruction

Methods of instruction are varied and include : classroom lectures, case studies, simulation of business

operations through games, and individual and group projects. The Institute believes in strong interaction

with industry, and practitioners provide significant academic inputs in many courses.

Evaluation

The broad objectives of evaluation are to : (a) Elicit maximum performance from the students; (b) Give

feedback to each student so that they know where they stand in the group, both in relative and absolute

sense; and (c) Provide a benchmark so that students are motivated to perform better. Evaluation is a

continuous process and the faculty may use different instruments like tests, quizzes (surprise and

announced), home assignments, term reports, individual as well as group exercises, classroom

participation, problem solving exercises using computer, etc.

examination are integral parts of the continuous evaluation.

Mid-term examination and the term-end

Professorial Chair

For providing high quality inputs of international standards and to make the course at par with the best of

such courses anywhere in the world, banks and financial institutions have come forward to sponsor

Professorial Chairs to attract renowned academicians of international recognition with vast knowledge on a

specific subject, superb teaching skills and extraordinary analytical ability for research work.

The Chairs which have already been sponsored are :

� “State Bank of India Chair on Information Technology”

� “Punjab National Bank Chair on Corporate Governance”

� “Bank of Baroda Chair on Risk Management”

� “Bank of Maharashtra Chair on Human Resources Management”

� “Union Bank of India Chair on Integrated Treasury Management”

� “Export-Import Bank of India Chair on International Banking and Finance”

Merit Award

Merit Awards in the form of Gold Medals are awarded to encourage excellence in performance.

Executive Council

An Executive Council for the PGPBF under the Governing Board of the Institute in line with the concept of

“Senate” in the case of universities, is the final administrative mechanism of the Institute to ratify the design

and enforcement of the rules and regulations governing PGPBF and oversees the course structure and

design. The Executive Council includes some outside members who are outstanding academicians and

professionals with rich experience in the field of management education; Director, NIBM; Dean, PGP and a

couple of senior faculty members of the Institute.

Steering Committee

The Institute has formed a Steering Committee for the

PGPBF comprising senior faculty members and a

special invitee with vast experience in designing

management education programmes. The Steering

Committee is headed by the Dean, PGP. The Steering

Committee is responsible for finalizing the design and

development of the PGPBF, its implementation

schedule and for ensuring the smooth conduct of the

programme keeping in view the overall objectives as set

by the Governing Board of NIBM.

15

Dr D Subbarao ( Governor,

RBI) with other Dignitaries


Diploma

Graduates of PGPBF are awarded the ‘Post-Graduate Diploma in Banking and Finance’.

Convocation

Convocation for the award of diploma and presentation of other

merit awards is held within a week of the announcement of final

results of the Programme.

Placement

By design, this programme facilitates placement of the

candidates in banks, financial institutions, non-banking

financial companies and finance departments of corporates. The

NIBM would be actively pursuing placement efforts in

collaboration with the Students Affairs’ Council of the PGPBF by

inviting the prospective employers to the Campus. The Indian

banking industry has been showing keen interest in recruiting students from NIBM’s Post-Graduate

Programme in Banking and Finance, as this Programme is highly focussed and tailor-made to their needs.

Placements have been 100 per cent since the very first batch.

Organizations which Participated in Campus Placement
















State Bank of India

Canara Bank

Indian Bank

Dena Bank

EXIM Bank

ICICI Bank Ltd.

PNB Gilts Ltd.

Bank of Baroda

ARANCA

IDBI Bank Ltd.

Dun & Bradstreet

UCO Bank

Bank of Maharashtra

Bank of India

Union Bank of India
















Syndicate Bank

Oriental Bank of Commerce

Allahabad Bank

Andhra Bank

United Bank of India

National Commercial Bank, Jeddah

Datamatics Limited

Credit Information Bureau (India) Ltd

HDFC Bank Ltd.

Development Credit Bank

Punjab National Bank

Corporation Bank

Central Bank of India

Yes Bank

JP Morgan Chase

Some IT companies have also approached the Institute for participating in Campus Placement.

Student Affairs’ Council

The Student Affairs’ Council has the primary responsibility for developing and implementing policies and

code of conduct for the student activities. The Dean and a Managing Committee would have the overall

responsibility for the academic, financial, publications, cultural events, sports activities and the Mess. The

NIBM shall encourage a vibrant student community. Colloquia, seminars, business school meets and

cultural events are promoted through clubs and societies run by the students.

Alumni Association

An Alumni Association provides a forum for strengthening the bonds between the NIBM and its PGPBF

alumni. The association has its chapters in major cities in India and abroad. The alumni is encouraged to

bring out its own magazine by its chapter, which would serve as an important medium for communication

among alumni and for fostering solidarity. They are also invited to important events in the Institute. The

Alumni Committee in the Institute which includes the PGPBF students, Dean, PGP and faculty members

communicates important developments.

16


Education Loans

Education loans are available from leading banks. For details, the students may directly contact the banks.

Cancellation of Admission : The fee shall be refunded after a deduction of the processing fee and with

proportionate deductions of monthly fee and proportionate hostel rent, etc., Wherever applicable, only if the

vacancy has been filled by another candidate.

Eligibility Criteria for

Post-Graduate Programme in Banking and Finance (PGPBF)

The candidate must hold a Bachelor's Degree, with at least 50% marks or equivalent CGPA, awarded by any

of the Universities incorporated by an act of the central or state legislature in India or other educational

institutions established by an act of parliament or declared to be deemed as a University under Section 3 of

the UGC Act, 1956, or possess an equivalent qualification recognized by the Ministry of HRD, Government of

India. The percentage of marks obtained by the candidate in the bachelor's degree would be calculated

based on the practice followed by the university/institution from where the candidate has obtained the

degree. In case the candidates are awarded grades/CGPA instead of marks, the conversion of grades/CGPA

to percentage of marks would be based on the procedure certified by the university/institution from where

they have obtained the bachelor's degree. In case the university/institution does not have any scheme for

converting CGPA into equivalent marks, the equivalence would be established by dividing the candidates

CGPA by the maximum possible CGPA and multiplying the result with 100.

Candidates appearing for the final year of bachelor's degree/equivalent qualification examination and those

who have completed degree requirement and are awaiting results can also apply. Such candidates must

produce a certificate from the Principal/Head of the Department/Registrar/Director of the

University/Institution certifying that the candidate is currently in the final year/is awaiting final results and

has obtained atleast 50% marks or equivalent based on latest available grades/marks. Such candidates, if

selected, will be allowed to join the programme provisionally only if they submit a certificate latest by

June 30, 2012 from the Principal/Registrar of their

college/institute (issued on or before June 30, 2012) stating

that they have completed all the requirements (the results

may, however, be awaited) for obtaining the bachelor's

degree/equivalent qualification on the date of issue of the

certificate. Their admission will be confirmed only when they

submit the mark sheet and a certificate of having passed the

bachelor's degree/equivalent qualification referred to in the

certificate issued by Principal/Registrar of their

college/institute with atleast 50% marks. The deadline for

submission of the mark sheet and the certificate is December

31, 2012. Non-fulfillment of this condition will automatically

result in the cancellation of the provisional admission. NIBM

would not allow any candidate to join the programme in case

the candidate is unable to complete all the requirements for a

bachelor degree on or before June 30, 2012. NIBM would also

not offer admission to any candidate after June 30, 2012.

Instances of provision of incorrect information and process

violation detected at any stage of the selection process will lead

to disqualification of the candidate from the selection process.

If such instances go undetected during the current selection

process but are detected in subsequent years, such

disqualification will take place with retrospective effect.

18


Dignitaries/Guest Speakers

Who Addressed Past Students of PGPBF

Dr D Subbarao

Dr Kaushik Basu

1. Dr D Subbarao, Governor , Reserve Bank of India, Mumbai &

Chairman, NIBM Governing Board, Pune

2. Dr Y V Reddy, Former Governor,

Reserve Bank of India, Mumbai

3. Dr K C Chakrabarty, Deputy Governor,

Reserve Bank of India, Mumbai

4. Dr Kaushik Basu, Chief Economic Advisor, Ministry of Finance,

Government of India, New Delhi

5. Dr Rakesh Mohan, Former Deputy Governor,

Reserve Bank of India, Mumbai

6. Shri V Leeladhar, Former Deputy Governor,

Reserve Bank of India, Mumbai

7. Shri A K Purwar, Former Chairman,

State Bank of India, Mumbai

8. Shri N Vaghul, Chairman Emeritus, ICICI Bank Ltd., Mumbai

9. Late Dr Suresh D Tendulkar, Former Chairman,

Economic Advisory Council to the Prime Minister of India, New Delhi

10. Late Dr Amaresh Bagchi, Former Professor Emeritus,

National Institute of Public Finance and Policy, New Delhi

11. Dr P G Apte, Former Director,

Indian Institute of Management, Bangalore

12. Shri N R Narayana Murthy, Chairman Emeritus,

Infosys Technologies Ltd,

Bangalore

13. Prof Charles A E Goodhart, Norman Sosnow Professor of Banking and

Finance, The London School of Economics & Political Science, London

14. Dr Kurt Dew, Professor,

Griffith University, Australia

15. Dr Eswar Prasad, Nandlal P. Tolani Senior Professor of Trade Policy, Cornell

University, USA

16. Shri J M Garg, Former Chairman and Managing Director,

Corporation Bank, Mangalore

17. Mr John Heinze,

Examining Officer and Team Leader,

The Federal Reserve Bank of New York, USA

18. Shri B D Narang, Former Chairman and Managing Director,

Oriental Bank of Commerce, New Delhi

19. Shri M V Nair, Former Chairman and Managing Director,

Dena Bank, Mumbai

20. Shri V K Chopra, Former Chairman and Managing Director,

Corporation Bank, Mangalore

21. Shri S C Basu, Former Chairman and Managing Director,

Bank of Maharashtra, Pune

22. Ms Kiran Bedi, Former Director General,

Home Guard and Civil Defence,

GOI, New Delhi

23. Shri T N Ninan, Chairman and Managing Director,

Business Standard Ltd.

24. Shri S K Bhattacharyya, Former Managing Director,

State Bank of India, Mumbai

25. Shri S Vishvanathan, Managing Director & CEO,

State Bank of India Capital Markets, Mumbai

26. Shri Rajeev Madhok, Former Executive Director, Bank of Maharashtra, Pune

27. Dr R Bandyopadhyay, Director,

Centre for Applied Systems Analysis in Development, Pune

28. Ms Indira Parikh, President,

Foundation for Liberal and Management Education, Pune

29. Shri Jerry Chandy, Vice President,

AXIS Bank, Mumbai

30. Shri Gautam Sinha Ray, Regional Head,

Oriental Bank of Commerce, New Delhi

31. Ms Nandita Khaire, Director,

Cygnuss Branding Services, Pune

32. Shri Dhaval Nanavati, Director,

Organic Coatings, Mumbai

20


Shaniwar Wada : The imposing historic palace built by the Peshwas, in 1736 became so

conspicuous that to this date the place has become the symbol of Pune city and its culture

City of Pune

Pune is a garden city on the

Deccan Plateau situated on the

hills of the Sahyadri range of the

Western Ghats, about 200 kms

south-east of Mumbai. The

climate is pleasant throughout

the year except during the

summer months of April and

May. It is a city where history

blends with modernity.

Chatrapati Shivaji Maharaj,

Lokmanya Tilak, Gopal Krishna

Gokhale and Maharishi Karve

are household names in Pune. It

was the capital of the Peshwas

for over 200 years. It retains its

place as a citadel of education

with a large number of

institutions of higher learning

and research which attract

international scholars. As a

cultural capital of the State of

Maharashtra, it continues to

nurture and promote the fine

arts. Pune has also witnessed

rapid industrial development

with a number of large and

medium scale industries and

ancillary units taking roots

around the city. Pune is now

developing into a major IT and

resource centre. As a result,

Pune has a unique

cosmopolitan character

conducive to peace and

harmony.


Gold Medal Winners of 2009-11 Batch

Convocation 2011

Time to Celebrate

Students Awaiting to Receive PGPBF Diploma

Dr Kaushik Basu Presenting the Gold Medal Dr D Subbarao Conferring the PGPBF Diploma

Similar magazines