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