National Institute of

Bank Management
Pune, India
 List of NIBM Governing Board Members
(As on September 15, 2022)

Shri Shaktikanta
Das
Governor

Dr M D Patra Shri Dinesh Kumar

Deputy Governor Khara
Governing Board

Reserve Bank of India Chairman

Mumbai State Bank of India
Mumbai

Shri Jose J Shri Sanjiv Chadha

Kattoor Managing Director & Chief
Executive Director Executive Ofcer
Reserve Bank of Bank of Baroda
India Mumbai

Ms A Manimekhalai Shri L V Prabhakar

Managing Director & Chief Managing Director & Chief
Executive Ofcer Executive Ofcer
Union Bank of India Canara Bank
Mumbai Bengaluru

Shri Shanti Lal Jain (Vacant)

Managing Director & Chief Chairman
Executive Ofcer National Bank for Agriculture &
Indian Bank Rural Development
Chennai Mumbai

Shri Amitabh Ms Zarin Daruwala

Chaudhry Chief Executive Ofcer, India
Managing Director & Chief Standard Chartered Bank
Executive Ofcer Mumbai
Axis Bank

Prof M S Sriram Prof Ashok Banerjee

Faculty Director
Indian Institute of Management Indian Institute of
Bangalore Management Udaipur
Bangalore Udaipur

Dr Bhimaraya Metri Smt Rajani Prasad

Director (Special Invitee)
Indian Institute of Chief General Manager
Management Corporate Strategy and
Nagpur Budget Department

Dr Kaushik Mukerjee Prof Partha Ray

Professor Director & Member Secretary
Faculty Representative on the National Institute of Bank
Governing Board (FRGB) Management
Pune
 Members of PGDM Executive Council
(as on 28/11/2022)

1. Prof M S Sriram Chairman

Chairperson
Centre for Public Policy, IIM Bangalore
PGDM Executive Council

and Distinguished Fellow, IDRBT

2. Dr Partha Ray Vice Chairman

Director
National Institute of Bank Management

3. Dr Ashok Banerjee
Professor, Finance and Control Group
Indian Institute of Management
Calcutta

4. Dr M Jayadev
Professor, Finance & Accounting Area
Chair, Centre for Capital Markets and Risk Management
Indian Institute of Management
Bangalore

5. Shri Saugata Bhattacharya

Chief Economist & Senior Vice President
Axis Bank Limited

6. Dr P Saravanan
Professor, Finance and Accounting
Indian Institute of Management
Tiruchirappalli

7. Dr A Kanagaraj
Professor in Finance
Xavier Institute of Management (XLRI)
Jharkhand

8. Shri S Srinivasa Rao

Deputy Managing Director & Chief Risk Ofcer (DMD & CRO)
State Bank of India

9. Dr Lekha Chakraborty
Professor
National Institute of Public Finance & Policy (NIPFP)

10. Dr K Shiva Reddy

Assistant Professor
Gokhale Institute of Politics and Economics (GIPE)

11. Dr Arindam Bandyopadhyay

Professor and Dean Academic Programme
PGDM
National Institute of Bank Management (NIBM)

12. Dr M Manickaraj Member Secretary

Associate Professor & Associate Dean (PGDM)
National Institute of Bank Management (NIBM)
 Our ins tu onal Vision is, “To be globally
recognized as a centre of excellence for educa on
and learning in banking and finance”. Insofar as
our PGDM (B&FS) programme is concerned, we
are guided by the mission to, “Develop young
professionals to perform managerial func ons
with analy cal skills and decision-making
capabili es”.
The PGDM (B&FS) programme provides a
thorough grounding in founda onal subjects,
imparts advanced training on analy cal skills and
builds a holis c perspec ve on the financial
Director’s Message

Message from the Director services' industry. The curriculum covers a broad
range of topics related to management of banks
Dear Friend, and financial ins tu ons. The pedagogy focuses
I, on behalf of the Na onal Ins tute of Bank on strengthening students' understanding of
Management (NIBM), extend a warm welcome management concepts and prac ces through
to you as an aspiring candidate to our two-year classroom lectures, case studies, hands-on
Post Graduate Diploma in Management exercises, cer fica on courses, industry
(Banking & Financial Services) [PGDM (B&FS)]. interac on and summer internship. NIBM has a
strong team of internal faculty, supplemented by
You may be aware that the Na onal Ins tute of industry experts.
Bank Management (NIBM) was set up in the year
1969 a er the na onaliza on of banks. The role The Ins tute is located in a lush green campus in
of NIBM was to serve as the apex ins tu on, to Pune, with a perfect balance between flora and
deliver training, and undertake research ac vity fauna – that too in an urban locale. At the same
in the banking industry. Since then, NIBM has me, the Ins tute offers all modern facili es and
catered to the evolving needs of the banking an advanced learning management system. The
industry. We have served the human and campus, also offers a range of facili es catering to
intellectual capital needs of various banks - students' all-around development and prepares
public, private and foreign banks, different new them for challenging leadership roles.
genres players in the financial markets such as, Coming to the current batch of PGDM students, I
small finance banks or fintech companies, am happy that the second-year students of the
leading consul ng firms, as well as government. PGDM (B&FS) 2021-23 batch have received Pre-
NIBM is governed by a Board, its highest policy- placement offers from ins tu ons like HDFC Bank,
making body, with the Governor, Reserve Bank Ernst & Young, PWC, Kotak Mahindra Bank, YES
of India as the Chairman of the Board and senior Bank, State Bank of Mauri us and Edelweiss to
bankers, and members of academia as its name a few. Organiza ons that par cipated in
members. our campus recruitment ll date include, among
In the year 2003, NIBM started the one-year others, Tata Capital, Natwest Group, HDFC Bank,
programme which became two-year All India YES Bank, and Cholamandalam Investments and
Council for Technical Educa on (AICTE) Finance Company.
approved PGDM (B&FS) in 2013. A highly We look forward to mee ng you and wish you a
specialised programme in banking and finance, it very fulfilling period of undertaking an important
is pitched to provide the financial system, a pool step towards assuming leadership posi on in
of talented young graduates on a regular basis. banking and finance industry in due course.
These graduates are equipped and thoroughly
trained to develop a keen apprecia on of the Let this present small step on your part become a
business challenges in the financial services big step in the years to come for all of us.
industry and take on managerial roles in due
course. I feel proud to say that now our alumni
occupy various key posi ons in the financial Prof Partha Ray
sector – both in India and overseas. Director
 Finance; Rural Finance and Development.
Research and Publica ons by faculty
members aim to introduce global best
prac ces in the Indian banking industry.
The pedagogy focuses on strengthening
Message from the Dean students' understanding of management
Dear Aspirants, concepts and prac ces through lectures,
case studies, hands-on exercises, industry
Dean’s Message

We at N a o n a l I n s t u te o f B a n k interac on and internship. Our ins tute has

Management (NIBM) extend a warm a lush green beau ful campus in a good
welcome to you. It gives me immense loca on in Pune city with all modern
pleasure and pride to share that NIBM is the facili es and advanced learning
first ins tute in India to offer fully residen al management systems. The campus also
PGDM course with specializa on in Banking hosts several ac vi es that cater to the
and Finance. The ins tute was established in students' physical, mental, and holis c
1969 by the Reserve Bank of India (RBI) as an development & leadership quality, thereby
autonomous apex Academic Ins tu on in ensuring their focus remains commi ed.
the niche domain of banking and finance.
NIBM is governed by a Board, its highest The program has been well appreciated by
policy-making body and, the Governor of the the industry over eighteen years which has
Reserve Bank of India (RBI) is the Chairman led to ensuring 100 percent placement of
of the Governing Board. The two year Post the students in the financial system. Our
Graduate Diploma in Management in strong alumni network is spread across the
banking and financial services - PGDM financial sector in India and abroad. Many of
(B&FS) that we are offering is approved by All them have very senior posi ons in
India Council for Technical Educa on commercial banks, mul lateral financial
(AICTE). The ins tute is helping the ins tu ons, consul ng firms and ra ng
managers in their endeavour to make their agencies.
organiza ons compe ve both in domes c We assure you that your two years journey in
and interna onal markets. NIBM provides NIBM for career building would be adding a
strong founda onal knowledge and skillset unique dimension to your life.
which is the key to long-term success.
The Faculty consists of academicians and
prac cing bankers who specialize in Dr Arindam Bandyopadhyay
different func onal areas like Strategic Professor and Dean (Academic
Planning, Marke ng and Control; Finance & Programme), Principal, PGDM (B&FS)
Risk Management; Human Resource
Management; Informa on Technology;
Money and Interna onal Banking and
 NIBM Faculty Members

Dr Partha Ray
Director
PhD (Economics) University of Mumbai, India
Ø Macroeconomics, India and the Global Economy, Issues in Monetary Policy, Crisis and Contagion:
Contemporary Challenges to Macro-Financial Policies, Global Political Economy

(a) Faculty Members

Dr Arindam Bandyopadhyay
Professor and Dean (Academic Programme), Principal, PGDM (B&FS)
M.Sc. (Eco.), M.Phil., Ph.D. (JNU, New Delhi)
Ø Finance; Credit Risk; Corporate Financing Pattern

Dr G Nagaraju
Associate Professor
M.A. (Economics), M.Phil., Ph.D. (Osmania Univ.)
Ø Monetary Economics; Macroeconometric Modelling; International Finance

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

Ø Equity Investment Management; Credit Analysis; Financing SMEs; Carbon Finance

Prof Sanjay Basu

Professor and Dean (Research & Consultancy), Editor (Prajnan)
M.Sc. (Economics, Calcutta Univ.), Fellow (IIM, Calcutta)

Ø Fixed Income Portfolio Management; Market Risk Management; Asset Liability Management;
Applied Contract Theory; Game Theory

Prof Anjan Roy

Professor
B.Tech., Fellow (MDI, Gurgaon)
Ø Banking Strategy and Business Model Analysis, Management of Banking Operations,
Organization Structure, Process Analysis and Service Innovation
Dr Kaushik Mukerjee
Professor & Dean (Executive Training Programme & E-Certification Courses)
BE (E&TC), DBM, MMS (Marketing, Pune), Ph.D (PUMBA, Pune)
Ø Strategic Management, Corporate & Business Strategy, Customer Focus,
Product & Brand Management, CRM

Dr Shomi Srivastava
Associate Professor
M.A. (Psychology, Allahabad Univ.), Ph.D. (Organisational Behaviour, Allahabad Univ.)
Ø Human Resource Management; Organizational Behaviour

Dr Jiji T Mathew
Assistant Professor
M.A. (Economics, M.G. Univ.), Ph.D. (Madras School of Economics, Madras Univ.)
Ø Central Banking and Monetary Policy; Macroeconomic Environment; &
Global Financial Markets; International Finance

Dr Tasneem Chherawala
Associate Professor
MS (QE), (Indian Statistical Institute, Calcutta), Ph.D. (Savitribai Phule Pune Univ.)
Ø Risk Management and Quantitative Risk Models for Credit and Market Risk; Bank Capital Structures;
Financial Derivatives; Project Finance and Loan Syndication

Dr Richa Verma Bajaj

Assistant Professor
MBA, MIB, Ph.D. (Gurujambheshwar Univ.)

Ø Risk Management (Credit and Operational Risk); Credit Management

Dr Alka Vaidya
Associate Professor
M.C.M., Ph.D. (Pune Univ.)
Ø Data Warehousing; Business Intelligence, Business Analytics, Cyber Security
Dr Kedar nath Mukherjee
Associate Professor
M.Com., M.Phil., Ph.D. (Osmania Univ.)
Ø Finance; Fixed Income Markets; Risk Management (Market Risk), Bond Portfolio Management;
Financial Derivatives

Dr Naveen Kumar K
Associate Professor
M.A. (Economics), NET, Ph.D. (Economics-ISEC, Bangalore and University of Mysore)
Ø Development Economics; Development Banking and Finance; Priority Sector Lending;
Value-Chain & Agribusiness Finance; Lead Bank Scheme; Financial Inclusion & Fin-Tech;
Digital Lending; Microfinance; Agri-MSMEs.

Dr Sarita Bhatnagar
Assistant Professor
MBA, NET, Ph.D. (JRN Rajasthan Vidyapeeth Univ.)
Ø Marketing of Financial Services, Customer Relationship Management (CRM),
Marketing Management, General Management, Branch Marketing, Bank – MSME Marketing

Dr Elizabeth James
Assistant Professor
M.Com. (Financial Management), Ph.D. (Barkatullah Univ.)
Ø Corporate Finance, Credit Analysis & Management, Financial Planning and Wealth Management

Dr Deepankar Roy
Associate Professor
B.E. (Mech.), M.Tech. (Comp. Appl., Indian School of Mines, Dhanbad), Ph.D. (Pune Univ.)
Ø Information Technology; Payment Systems; Operations Research

Dr Gargi Sanati
Associate Professor
M.A. (Economics), M.Phil. (Economics, University of Kalyani), Ph. D. (JNU, New Delhi)
Ø Macrofinance; International Trade Finance; ICC Rules for Forex Business; Forex Market;
Exchange Arithmetic; Forex Trading & Merchant Banking
Dr Smita Roy Trivedi
Associate Professor
M.A. in Economics, Ph.D. (under UGC JRF-SRF Fellowship) in Economics, University of Kalyani
Ø Technical Analysis of Markets, Algorithmic Trading using Python,Fundamental Analysis of
Forex Markets, Central Bank Intervention in Forex Markets, International Trade Financing
through Documentary Credits, Trade Based Money Laundering.

Dr Dipali Krishnakumar
Associate Professor
CA, MBA, Ph.D
Ø Corporate Finance; Indian Accounting Standards; International Financial Reporting Standards;
Insolvency & Bankruptcy Code; Mergers & Acquisitions

Shri B Ashok
Adjunct Faculty
BSc. CAIIB, DBM (IIB)
Ø HRM

Shri Rajesh Ramakrishnan

Adjunct Faculty
Chartered Accountant
Ø Trade Finance

Shri Sanjay Kanchi

Adjunct Faculty
B.E., M.B.A
Ø Credit Analysis ,International Finance

Shri Purushottam Sharad Bedekar

Adjunct Faculty
B. Com, Cert AIIB, Diploma in Management (IGNOU), Certified Financial Planner
Ø Business Strategy, NPA Management, Digital Banking, Financial Planning
 Prospectus 2023-25

CONTENT

About NIBM 1

Vision and Roles of the Institute 2

Collaboration 3

Why NIBM 4

Academic Set-up and Support Facilities 5

PGDM 8

Students Activities/Initiatives 13

Admission Process 14

Structure of Fees 16

Important Dates 17
 Prospectus 2023-25

NATIONAL INSTITUTE OF BANK MANAGEMENT

A Premier Institution for Training & Education, Research and
Consultancy in the Field of Banking and Finance in India

National Institute of Bank Management

(NIBM) was established in 1969 by the Reserve
Bank of India as an autonomous apex institution
for research, training and consultancy in
banking and finance. The mandate of the
Institute is to play a proactive role of a “think-
tank”, to give new direction to the banking
industry while helping banks in their endeavour
to become competitive, both in domestic and
international markets. The Institute also serves
banks and financial institutions in many
developing countries. As an autonomous
academic Institution, NIBM is governed by a
Governing Board, with traditionally Governor,
Reserve Bank of India as its Chairman.
Leveraging its core competencies in research, training and consultancy to the banking and financial services
sector, NIBM started the Post-Graduate Diploma in Management (Banking and Financial Services) with the
objective of developing young executives to lead the banking and financial services sector.
The Institute is located in sylvan surroundings in a picturesque valley within the Pune city in the state of
Maharashtra. Spread over a 60-acre area, the campus is self-contained with its own residential and educational
facilities.The railway station is located at a distance of 9 kms while the airport is 16 kms away.

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 Prospectus 2023-25

Vision of the Institute

“To be globally
recognized as a Centre of
Excellence for education
and learning in Banking
and Finance”.
Mission Statements of the Verticals
Executive Training Programme
Empower executives and organizations
through learning and advisory interventions.
Roles of the Institute
Research
Engage in research that contributes to the m To be the main research and academic
body of knowledge and thought leadership arm of the banking industry for
in Banking and Finance. continuously upgrading the knowledge
and skills relevant for its top
Academic Programme management.
Develop young professionals to perform
m To be the storehouse of data and
managerial functions with analytical skills
information of all new and emerging
and decision making capabilities.
issues in the banking sector.
m To be the catalyst in helping banks to
secure their financial position and
make them world-class.
m 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.

2
 Prospectus 2023-25

Collaborations

NIBM is collaborating with national and international

organisations. Recent initiatives in the direction are as below.
F National Insurance Academy (NIA), Pune

F National Institute of Securities Markets (NISM), Navi Mumbai

F Chartered MarketTechnician (CMT) Association, USA

F Chartered Financial Analyst (CFA) Institute, USA (University

Affiliation Program)

3
 Prospectus 2023-25

Why NIBM

NIBM is the only premier institution of its kind in the country to offer teaching, research,
training and consultancy in banking and nance. The institute has a high prole governing
board, highly qualied faculty and state-of-art and infrastructure and other resources.
Ü Esteemed Governing Board
The Governor, RBI (Reserve Bank of India) is the Chairman of the Governing Board. The
board members comprise of top executives of RBI, CEOs of banks and nancial
institutions, top bureaucrats from GoI and eminent academicians. The Board offers
invaluable guidance on the structure and conduct of the PGDM (B&FS) programme.
Ü Renowned Faculty
Members of faculty consist of academicians from reputed universities and business
schools, as well as top executives from banks and nancial institutions. They offer a rare
combination of domain expertise and wealth of experience.
Ü Unique Curriculum
PGDM (B&FS) is the rst course in India to offer a two-year specialization in Banking and
Finance. It is regularly updated, in line with emerging trends in the nancial sector.
Ü Real-life Application
Continuous industry interface ushers better practical orientation and problem-solving skills
in critical areas like credit, treasury, international nance and risk management. The
projects are designed to make the students ready to take up the challenging jobs in B&FS
industry.
Ü Analytical Aptitude
Students constantly use industry information from
corporate and market database during their course
work. They are also trained in advanced computing
and statistical packages to sharpen their
quantitative skills.
Ü High Faculty to Student Ratio
At present, there are 26 faculty members and 240
students. The high faculty to student ratio enhances
the scope of personal interactions and accelerates
student development.

4
 Prospectus 2023-25

Academic Set-up and Support Facilities

A. Academic Area Groups

The Institute's academic organization consists of faculty from a wide range of disciplines, viz.
Economics, Finance, Commerce, Business Management, Computer Science, Agricultural Science,
IT, Strategy Monitoring, Psychology, Sociology, etc. Practicing bankers strengthen the faculty by
serving the Institute for varying period of time. The present faculty strength is 25. The different
functional areas are organized into six Area Groups, namely Finance, Human Resource
Management, Information Technology, Money, International Banking and Finance, Rural
Finance and Development, and Strategic Planning, Marketing and Control

B. Activities of the Institute

The activities are conveniently divided into five areas, viz. Research, Consultancy, Executive
Training, Education-PGDM (B&FS) and Online Certification Courses. The activities of the NIBM
are integrated in nature. Research and consultancy complement each other and the outputs form a
very important component of the training and teaching inputs.

Ÿ Research
Research studies initiated by the faculty members form the foundation of various academic
activities of the Institute. 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 Sponsored
Research Projects for various institutions and government agencies including Reserve Bank of
India; Government of India; National Bank for Agriculture and Rural Development; International
Finance Corporation, Washington; and Asian Development Bank, Manila and various banks.

5
 Prospectus 2023-25

Ÿ Consultancy
Providing consultancy support to banks and financial institutions is one of the key strengths of
the Institute. The core faculty and industry expert of the institute offer consultancy to a host of
clients. Clients include Telecom Regulatory Authority of India, DGFT, Common Wealth of
Learning Canada, DICGC, NABARD, International Finance Corporation, Commercial Banks,
Cooperative Banks and so on.
Ÿ Executive Training
The Institute's Executive Development Programmes offerred by NIBM are classified into the
following groups: General Management Programmes, Annual Conferences and Seminars on
Topical Issues, Special Conferences and Seminars, Training Programmes in Functional Areas,
Faculty Development Programmes, In-Company Programmes, and International Programmes.
Every year the Institute offers around 200 EDPs and they are attended by middle, senior and top
management executives from India and abroad.
Ÿ Education
The two-year AICTE-approved PGDM (B&FS) 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.
Ÿ Online Certification Courses
During 2017-18, NIBM added the online certification courses. The online courses were officially
launched by Dr Viral Acharya, Deputy Governor, Reserve Bank of India on September 30, 2017.
Currently NIBM is offering 7 online programmes viz., Credit Management, Risk Management,
Treasury Management, Accounts and Audit, Retail Credit Management, Credit Management
for Small Finance Banks and Banking Operations Management for Payment Banks.
Ÿ Publications
The Institute publishes several books, monographs, journals, reports, mimeographs and
working papers. It also publishes two quarterly journals in English viz.:
ü Prajnan: Journal of Social and Management Sciences – A leading refereed journal launched
in 1972.
ü Vinimaya: A journal with conceptual and practical viewpoints for bankers and management
educationists, launched in 1979.

6
 Prospectus 2023-25

C. Support Services
à Library
The Institute library is one of the best in the country, providing comprehensive reference and
reading material on Economics, Banking, Finance, Management and other allied areas. It has a
collection of over 69,480+ books, 15,600+ bound volumes, 130 journals. Besides, it receives special
reports of committees, task forces and institutions from India and across the world. The library has
more than 2,800+ micro-films, video and audio cassettes, CDs, DVDs, VCDs, diskettes/floppies,
films and slide-sets on different subjects.
It subscribes to 13 databases: (a) Ace Equity, (b) CMIE Economic Review, (c) CMIE ProwessIQ, (d)
EBSCO Business Source Complete Database, (e) EBSCO E-Books Database, (f) EPWRF Database, (g)
IMF eLibrary (h) J-Gate Social & Humanities database, (i) JSTOR, (j) National Digital Library
(NDL), (k) Proquest ABI/Inform Complete database, (l) Refinitiv Eikon, (m) HBS & lvey Case
studies.
à Computer Services' Center
Another focal point in the Institute is the well-equipped Computer Services Center providing
excellent IT Services to the users. The Center is equipped with the state-of-the-art computing
facilities to support the research, training and consultancy activities of the Institute. 24x7 Wi-Fi-
enabled internet connectivity is also being provided. Our entire campus is wifi enabled.
Various analytical software packages like SPSS, EViews, STATA, @Risk, Matlab, Python, etc. are
available.
à PGDM Office
This office facilitates all PGDM activities ranging from publicity, admission, programme execution,
examination, placement, convocation, managing student facilities such as hostel, mess, sports,
extra-curricular activities and alumni association activities.
à Medical Services
The in-house dispensary provides basic medical services within the campus. One qualified
Resident Medical Officer and a Consultant Doctor are available on call, round the clock. Besides,
arrangements with multi-speciality hospitals ensure prompt and full range of medical services.
à Recreation
The campus has facilities for outdoor games like tennis, cricket, etc. and indoor games like
badminton and table tennis. A gymnasium is also available on the campus. Cultural activities are
frequent, and national festivals are celebrated on the campus with much funfair and gaiety.
à Banking and Postal 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 institute.
Accommodation and Boarding Arrangement
The Institute will provide accommodation in its
campus during the course work. Boarding facilities are
available for the students in the Institute's canteen.
Students are required to make their own necessary
arrangements for their accommodation during the
summer internship period.
Uniform: Students are provided with formal uniform to wear during events such as seminars,
presentations, guest lectures, interviews, etc.
Laptop: Laptop is compulsory and students are expected to have their own laptops before
commencement of the classes.

7
 Prospectus 2023-25

PGDM
(BANKING AND FINANCIAL SERVICES)
(AICTE Approved)

The two-year PGDM (B&FS) is designed to be

a contemporary, rigorous and innovative
programme for management education in
banking and finance. The course provides a
thorough grounding in foundational subjects,
imparts advanced training on analytical skills
and builds a holistic perspective on the
financial services' industry. It also equips the
students with a keen appreciation of the
business challenges in the financial services'
industry and prepares them for coveted
managerial roles. As a result, banks and
financial institutions have always placed our
students in key domains like credit appraisal
and management, investment and treasury operations, trade finance, foreign exchange and risk
management.

Profile of the Students

Students admitted to the programme are from varied disciplines like arts, commerce, science and
engineering. They demonstrate high levels of initiative and energy, capacity for hard work, strong
task orientation, willingness to learn, propensity to teamwork, and a passion to excel.

Batch: PGDM 2018-20

8
 Prospectus 2023-25
Curriculum#
The curriculum covers a broad range of topics related to management of banks and financial
institutions. It is designed to progress from foundational inputs on finance, economics, operations,
quantitative analysis, organizational behaviour and general management to core concepts in
banking systems and products, asset and liability management, credit appraisal and management,
risk management, treasury and investment management, international banking and forex
management, bank regulation, leadership and strategic management. The students are also
equipped with computing skills that are essential for managers in the financial services' industry.
Recently, The PGDM curriculum has been revised and the course coverage has been kept
contemporary, vigorous and focussed on emerging area of banking.

During the two-year programme, a student is required to complete the following courses, through
six terms.

TERM I TERM II
1. Financial Reporting and Analysis 1. Financial Markets and Products
2. Corporate Finance 2. Macroeconomic Environment
3. Managerial Economics 3. Marketing Management
4. Organizational Behaviour 4. Econometric Methods and Research
5. Statistics for Management Methodology

6. Spreadsheet-based Data Analysis 5. Bank Operations Management

7. Principles and Practices of Management 6. Advanced Financial Statement Analysis

7. Bank Regulation

TERM III TERM IV

1. Security Analysis and Portfolio Management 1. Fintech and Digital Banking

Summer Internship

2. Credit Analysis 2. Integrated Treasury Management

3. Foundations of Risk Management 3. Financial Derivatives
4. International Finance
4. Intermediate Risk Management
5. Economic Policy and Development
5. Strategic Management in Banking and
6. Rural and Agricultural Finance Financial Services
7. IT Operations and Management 6. Human Resource Management
8. International Trade Finance - I 7. Credit Administration
9. Marketing Research and Applications
8. Elective (Optional)
10. Elective (Optional)

9
 Prospectus 2023-25

TERM V TERM VI
1. Integrated Risk Management
1. Marketing of Financial Services
2. Banking and Finance Project
2. Micro Finance and Financial Inclusion
3. Bond Portfolio Management
3. International Trade Finance - II
4. Business Analytics using R
4. Leadership and Change Management
5. Project and Infrastructure Finance
5. Corporate Governance and Business Ethics
6. Elective 1 (Compulsory)
6. Elective 1 (Compulsory)
7. Elective 2 (Optional)
7. Elective 2 (Optional)
8. Elective 3 (Optional)

Elective Courses
Term III Term IV
1. Advanced Corporate Finance 1. Operational Risk Management
2. Advanced Econometric Analysis 2. Bank Lending : SME and Retail
3. Managerial Communication 3. Technical Analysis of Financial Markets
4. Advanced Spreadsheet Modeling

Term V Term VI
1. Corporate Valuation 1. Mergers and Acquisition
2. IFRS for Banks and FIs 2. Advanced Risk Management
3. Alternative Investments 3. Financial Engineering and Structured Finance
4. Regulatory Compliance in Banks and 4. Risk Based Internal Audit
Financial Institutions
5. Strategic Consulting
5. Agri-Commodity Derivatives
6. Design Thinking and Innovation 6. Climate Finance

7. Central Banking in Emerging Market 7. Entrepreneurial Finance

Economies 8. Compensation and Benets
8. Forex Dealing with Bourse Game 9. Indian Economy in the Context of Globalization
9. Financial Analysis and Algo-Trading with 10. Essentials of FEMA
Python
11. Behavioural Finance
10. Supply Chain Financing
11. CFA Institute Codes of Ethics and 12. Financial Services and Insurance
Standards of Professional Conduct 13. Blockchain and AI-Applications in
BankingMacro Fiscal Policy
Projects
Ÿ Summer Internship: After completing three terms in the first year all students have to
take up summer internship in an organization for a period of eight weeks. This project
gives them an opportunity to participate in banking and financial sector
operations/analysis.
Ÿ Banking and Finance Project: Students undertake a three-month project during Term 4/5
under the guidance of a Faculty Member. It is technical, rigorous, practical and research-
oriented. Students are expected to make original contributions or recommendations, based on
their analyses, in the final reports. This improves their ability to specialize in advanced topics,
of their choice.
Ÿ Social Development Project: The Social Development Project is a group assignment which
allows students to study problems and understand the needs of the society. Students begin this
project early in the course and work throughout the entire duration of PGDM. This project
instils a sense of social responsibility among the students and develops their ability to work in
teams.
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 Prospectus 2023-25
Pedagogy
The pedagogy includes classroom lectures, case studies, individual and group
assignments, simulation of business operations and field visits. A high teacher-student
ratio of 1:11 enhances the scope of personal interactions. The Institute pursues a
comprehensive approach to learning in the PGDM programme, based on:
ð Interface with practitioners.
ð Institutional and sponsored research studies.
ð Faculty insights from research and consultancy.
ð Institutional conferences and seminars on emerging issues in banking and finance.
ð Rigorous projects on banking and finance.

Evaluation
The evaluation process is continuous and
aimed 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.
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. Mid-term examination and the end-term examination are
integral parts of the continuous evaluation.
The Institute follows a relative grading system to determine the academic performance of each
student.
Convocation
Convocation for the award of diploma and presentation of merit awards is held within a
month of the announcement of the final results of the programme.

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 Prospectus 2023-25
About PGDM Placement
The Institute has consistently achieved 100 percent placement since inception of the Post
Graduate Programme in Banking & Financial Services.
PGDM Curriculum is designed to make students
industry ready resulting in smooth transition from
Campus to Corporate world. NIBM produces a pool
of talented youngsters thoroughly trained with
latest analytical skills and perspectives in banking
and finance for directly taking up managerial
responsibilities. Rich course curriculum taught by
experienced academicians as well as industry
experts along with continuous industry institute
interactions result in excellent placement of
students.
Final Placement: For the PGDM Batch 2021-23, 112
out of 122 students are placed by Day zero. 28
students accepted Pre-Placement Offers, with an
average CTC of `16 lakhs per annum. Another
Forty-five students were also placed, during the
premium slot & day minus slot till November 1st
week, 2022 (total 73 students out of 121 total are
placed). The Day 1 has been scheduled tomorrow
for remaining 10 students.
The second year students of the PGDM (B&FS)
2021-23 batch have received Pre-placement offers
from HDFC Bank, Ernst & Young, PWC, Kotak
Mahindra Bank, YES Bank Ltd., State Bank of
Mauritius and Edelweiss.
Organizations that participated in our campus
recruitment and taken our students till date are
HSBC, Bank of America Continuum, Tata Capital,
Natwest Group, HDFC Bank, YES Bank Ltd.,
Barclays, Cholamandalam Investments and
Finance Company, PWC India, Ernst & Young,
Bank of America, Wells Fargo, Cognizant, Cognext,
Protiviti, Edelweiss Financial Services, Airtel Payments Bank and Fullerton India.
Roles: Manger, Credit; Manager, Audit; Analyst; Associate; Credit Risk, Market Risk,
Operational Risk; Integrated Risk Management; Retail Credit Strategy and Control; Senior
Consultant; Associate, Internal Audit; Finance Analyst; Associate Consultant; Business
Analyst etc.
The average CTC till date is around Rs. 15.50 lakhs per annum with a highest package of Rs. 23.5
LPA.
Summer Internship
The summer internship placement process for batch 2022-24 has started since mid-September
2022 and we have received very good response from the industry. The duration of Summer
Internship is for 2 months (April 17-June 9, 2023).
Total 56 students got summer internship offers till November 2022 with average Stipend of
Rs. 44,000 per month.
Maximum stipend has been offered of Rs. 1.2 Lakh per month.

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 Prospectus 2023-25

Students Activities/Initiatives

ABOUT COMMITTEES
Admissions Committee and Student Council
Admissions committee and student council act as a liaison between applicants, the institute, students
and the administration.
Corporate Relations Committee (Placement Committee)
The Placement Committee is the true torch bearer of the institution, acting as a liaison between the
corporate world and students, working towards bringing the best possible opportunities.
Alumni Relations Committee
The committee seeks to reach and engage our Alumni across the globe; foster a lifelong bond between
the organization and its members. It also provides a medium to facilitate inputs from alumni by
organizing several events throughout the Year."
Sports Committee
By planning enjoyable and competitive sporting events and managing all the sports activities, the
committee bridges the gap between the classrooms and the playing field.
Academic and Professional Development Committee
The committee helps the students to become better communicators and leaders, as well as encourage
teamwork through a variety of student-driven activities.
Media and PR Committee
The Committee's key responsibility is to keep up a
social media presence across a range of channels,
including LinkedIn, Facebook, YouTube, and
Instagram. In its capacity as a media partner, content
editor, and video editing team, it also works with
many other committees.
Cultural Committee- Goonj
Through cultural events and programmes, the
committee helps students reach their full potential and serve as a facilitator and catalyst for bringing
enthusiasm and fervour to the campus during festivals.
Mess Committee
In order to maintain a balanced diet, the committee regularly develops menu items and coordinates
with the mess staff to address student complaints.
Fest Committee – JASHN
Fest committee is primarily responsible for organizing Colloquium and Adhikosh, which are
flagship events of NIBM.
Entrepreneurship Cell
To boost an entrepreneurial culture and innovation within the institution, NIBM E-cell committee
hosts multiple e-talks, workshops and case study competitions to make students think creatively and
implement their learnings.

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ABOUT EVENTS
Colloquium
NIBM's academic festival, which includes technical competitions, keynote talks, and panel
discussions, is held at the national level in India. Students from all over the nation take part in
colloquium to display their talents and compete for great prizes.
Adhikosh
It is NIBM's annual festival, held on a national scale, and
features a variety of technical and artistic events. Students
from all over the nation attend NIBM's campus to compete in
a variety of technical competitions, including All India Banks,
Just-e-Deal, Bid the Pip, and Opus Nova.
JOSH
It is NIBM's sports festival, which takes place every year and
includes a variety of sporting events as well as other
enjoyable activities. Each batch member actively takes part
and is awarded with prizes.
Vishleshan
Vishleshan is a flagship bimonthly leadership talk series
organised by the CRPC. Industry pioneers from all over the
country are invited to share their valuable insights and
experiences with the students.

ABOUT CLUBS
VittArth
VittArth is an initiative by the PGDM students of NIBM to present and share their well researched
insights and informed views on the economy, banking industry, Industry sectors, and financial
issues in India and the world in general. It is an economic and financial forum, enlightening
various professionals and students of other B-schools.
KONSULT
Konsult is the student-driven Consulting Club of National Institute of Bank Management, which
aims to leverage the pre-existing consulting acumen of NIBM and aims to equip its student
members with skills, connections, and real life business cases so as to help them develop an
inclination towards the world of Consulting. Konsult conducts various activities such as Nucleya-
the Clubs' Conclave, Live Project, Case study competitions, Konkast- the consulting podcast, and
more.
VITTNIVESH
It is a student-driven club with its own investment fund to manage in various asset classes with
the objective to learn and bring in decent returns. With the current fund size of above `160,000 it
provides liberty to invest in various instruments. we connect to student community through a
number of initiatives such as social media posts, industry reports, and stock picks. We organize
real time virtual trading competition for students in collaboration with Stockgro.
 Prospectus 2023-25

PGDM Admission Process

Eligibility Criteria
The candidate must hold a Bachelor's Degree, with at least 50% marks (45% marks in
case of candidates belonging to reserved category) 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 candidate’s 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 at least 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,
2023 from the Principal/Registrar of their college/institute (issued on or before June 30, 2023)
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 at least 50% marks (45% marks in case of
candidates belonging to reserved category). The deadline for submission of the mark sheet
and the certificate is October 31, 2023. 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, 2023. Instances of any 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.
Screening Test1
Scores secured by the candidates in Common Admission Test (CAT) conducted by IIMs, Xavier
Aptitude Test (XAT) conducted by XLRI Jamshedpur, Common Management Admission Test
(CMAT) conducted by National Testing Agency, Graduate Management Aptitude Test
(GMAT), Graduate Record Examination (GRE) will be used for the purpose.

1. IIMs or any other Institutions will have no role either in selection process or in the conduct
of the programme.

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 Prospectus 2023-25

CAT will be the benchmark for screening of applicants. The scores secured by applicants in an
approved competitive exam conducted in the most recent year will only considered after
converting the score into equivalent of CAT. The conversion factor will be decided every year by
the institute. Therefore, candidates seeking admission to the PGDM (B&FS) of NIBM must have
appeared for any one of the abovementioned tests and submit the score secured in the test in
his/her application.
As the number of applications from each socio-economic category will be different threshold
scores for each category may be determined. However, in order to ensure desired competence of
the candidates so that the candidates admitted in PGDM (B&FS) will be able to cope with the
course a minimum score for each category has been set as below:

Category Threshold
General 75
NC-OBC 65
SC 60
ST 50
PwD 50
EWS 65

Applicants are required to appear for the Common Admission Test (CAT) conducted by IIMs in 2022
or XAT (2023) or CMAT (2023) or GMAT or GRE. While applying for CAT the applicants may
indicate your intention of applying to NIBM (non-IIM institutions).

Selection Process
The selection of candidates for admission will be based on Scores arrived at in the Screening Process,
Personal Interview, Writing Ability Test/Oral Communication Test, Academic Performance,
Participation in extracurricular activities and Work experience.
Ÿ Writing Ability Test and Personal Interview (WAT/PI): If conducting WAT is not feasible Oral
Communication Test (OCT) may be conducted. OCT may be conducted by the panel for personal
interviews by giving a topic to the candidates and asking the candidate to speak on the topic. The
panel will also score the candidates against extracurricular activities and work experience.
Ÿ Academic Performance: Average of marks secured by the candidates in SSC and HSC may be
considered for assessing the academic performance of the candidates.
Ÿ Weights for different parameters:

Parameter Weight (%)

CAT/XAT/CMAT/GMAT/GRE Scores 35
Academic performance 25
WAT/OCT* 10
PI 25
Extracurricular activities, sports, Work Experience, etc. 5

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 Prospectus 2023-25

Admission Offer
Successful candidates will be intimated of their final selection during May 2023. The selected
candidates must pay the first instalment of fees within two weeks from the date of offer of
admission, failing which they would forfeit their seat to the person next on the waiting list.
Cancellation of Admission
The fee shall be refunded as per AICTE norms.

Structure of Fees for 2023-25 Batch is as follows

(Fees in Rs)
Nomenclature of Fees First year Second year

Academic Fee 6,86,000 6,86,000

Hostel Charges 1,08,000 1,08,000

Alumni Fees 6000 6000

Total 8,00,000 8,00,000

Security Deposit (Refundable): Rs. 12000.00

Mess Deposit (Refundable): Rs. 8000.00

Education Loans
Education loans are available from leading
banks. State Bank of India, Bank of Baroda,
Canara Bank, Union Bank of India and Punjab
National Bank among others offer
educational loans to NIBM students on
preferential terms and conditions.
Merit cum Means Based Scholarship
In order to provide financial support to
meritorious students from economically poor
families NIBM offers scholarship to few
students.

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 Admissions Committee & Students Council Members
2022-24
Email:
[email protected]
[email protected]

Amber Shukla Bimlesh Sah Kritika Pahwa Nikhil Mishra

https://www.linkedin.com/in/amber-shukla11 http://www.linkedin.com/in/bimlesh-sah- https://www.linkedin.com/in/kritika-pahwa-12cb3 https://www.linkedin.com/in/nikhil-mishra0

Sarthak Soni Shruti Chandra Shubham Domale

https://www.linkedin.com/in/sarthak-soni03 https://www.linkedin.com/in/shruti-chandra12 https://www.linkedin.com/in/shubham-domale

Tushar Pandey Varun Alode Siddhant Sonawane

https://www.linkedin.com/in/tushar-pandey13/ https://www.linkedin.com/in/varun-alode https://www.linkedin.com/in/siddhant-sonawane2

17
 Prospectus 2023-25

Application
Ÿ The candidates should apply online for PGDM (B&FS) to NIBM. The application has to be
filled online.

Please visit our website: www.pgdm.nibmindia.org.

The last date for receiving online application at NIBM is March 20, 2023 before 5.30 pm.
Ÿ All communications should be addressed to:

The Dean-Education & Principal

National Institute of Bank Management
NIBM Post Office, Kondhwe Khurd,
Pune - 411 048
E-mail: [email protected]

Important Dates
Sale of Prospectus and Application Forms : December 1, 2022 – March 20, 2023
Last Date for Filling online : March 20, 2023
Application Forms at NIBM
Writing Ability Test/Oral Communication
and Personal Interview : April 2023
Declaration of Results : May 2023
Commencement of Classes : June/July, 2023
Payment of First Installment of Fees : Within 2 weeks from date of offer
of admission
Submission of marksheet/degree certicate : October 31, 2023
(for students currently in the nal year )

For further information/clarification please contact/write to:

Dean-Education & Principal
PGDM (B&FS)
National Institute of Bank Management
NIBM Post Office, Kondhwe Khurd, Pune 411 048, INDIA
Phone: 020-26716000 (EPABX), Direct (PGDM Office): 020-26716117/147/131,
Fax: 020-26834478, E-mail: [email protected], Website: www.pgdm.nibmindia.org

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