Dear Member,

 

A VERY HAPPY NEW YEAR to all.


Let me start with a quote.

Develop a passion for learning. If you do, you will never cease to grow.

Anthony J. D'Angelo

In my last communication, I had mentioned that your Institute has completed 90 years of an eventful existence. I do know that there are miles still to be covered. With your continued support, I am sure that we can scale newer heights of glory.


Having set the tone on a positive note, let me walk you through the important developments which have happened in the recent past.


As a part of the 90th year celebrations, your Institute had organized an International Conference on the theme ‘Banking: Stepping into the next decade’ on 25th September 2018 in Mumbai.


The conference which was well attended and appreciated brought together regulators, policy makers, industry experts, eminent speakers and intellectuals of the banking industry; across countries and continents, on a single platform so as to learn from their perspectives and vast experiences in a thought provoking and enriching environment.


Shri Suresh Prabhu, Minister of Commerce and Industry could not make it possible in person due to some official exigencies. His message that banking plays a pivotal role in the economy and it is good that such types of conferences are being conducted to discuss the emerging issues, was show cased through a video. He shared his best wishes to the delegates and participants present in the conference.


Among the repertoire of courses presently being offered by the Institute, a course on Ethics was perhaps the only missing link. To bridge this important aspect, I am happy to announce that your Institute has introduced a new certificate course on Ethics. The first exam on the subject will be held on 6th January 2019. As is the practice, the Institute prepares a dedicated courseware for each subject. In line with this, a courseware on “Ethics in Banking” has been authored and this book was released during the International Conference. 


As a part of the conference, the Institute also released its special issue of the ‘Bank Quest’ on the theme of the conference covering articles on new paradigms in banking penned by Indian and International authors, which gave national and global perspectives on contemporary banking issues.


The Inaugural Address of the Conference was delivered by Mrs. Arundhati Bhattacharya, former Chairman, State Bank of India. Mr. Dinesh Kumar Khara, MD, SBI gave the key note address.


During the Conference, the activities of the Global Banking Education Standards Board (GBEStB) were also showcased.


There were two panel discussions; one on “CEO Speaks” and the other was “Economist Speaks”


After the panel discussions, the prestigious Sir PTM lecture (35th Lecture) was delivered by Dr. Tarun Khanna, Jorge Paulo Lemann Professor, Harvard Business School & Director, Lakshmi Mittal and Family South Asia Institute, Harvard University on the Topic “Trust as the foundation for Finance”.

 

The learnings from the Conference and the transcript of the PTM Lecture are covered in the October – December 2018 edition of Bank Quest. I would urge all of you to go through the same for enhancing your knowledge. 

 

Shri R K Talwar Memorial Lecture

 

The 9th R K Talwar Memorial Lecture was held by the Institute in association with SBI on 8th August 2018 at the SBI auditorium. The Lecture was delivered by Dr. Bibek Debroy, Chairman, Economic Advisory Council to the Hon’ble Prime Minister and Member, NITI Aayog. The topic of the Lecture was “The Reform Agenda”. Dr. Debroy’s speech is also covered in the October – December 2018 edition of Bank Quest.

 

Seminars

 

The Institute, in association with BCBSI, organised a "Bankers' Awareness Meet" at Indian Institute of Bank Management, Guwahati on 20th December 2018. The main objective of the seminar was to create a greater level of awareness amongst bankers about the activities of your Institute in the banking education space and the implementation of the BCSBI Codes and Rights of Bank’s Customers.

 

 

Revision in JAIIB Syllabus

 

Certain chapters from the courseware on “Ethics in Banking” will now form part of the JAIIB subject “Principles & Practices of Banking.”  This change will come into effect from the examinations to be held from May 2019 onwards.

 

Examination for Business Correspondents

 

I am happy to announce that the RBI has mandated the examination for the BCs offered by IIBF to be taken by all the BCs.  The course offered by the Institute will be the basic certificate course for the BCs.

 

Capacity Building in banks

 

The courses offered by the Institute in the areas of Treasury Operations, Risk Management, Credit Management, Accounting & Audit and Foreign Exchange Operations have been identified by RBI under the capacity building exercise of banks. Your Institute is the only Institute offering all the above five courses. Although the enrolments under these courses have increased, there is a greater room for more enrolments. I would request all those who are yet to acquire the above qualification(s) to enroll for the course(s).  

 

Mutual Recognition Agreement with the Chartered Banker Institute, Edinburgh, U.K

 

The Institute has signed a Mutual Recognition Agreement with The Chartered Banker Institute, Edinburgh. Under this agreement, “Certified Associates of the Indian Institute of Bankers” (CAIIB) from India will have their qualifications recognized by the Chartered Banker Institute, and will be able to become Chartered Bankers by studying the Institute’s Professionalism, Ethics & Regulation Module and successfully completing a reflective assignment. I would urge upon all the members to avail this opportunity of acquiring a global qualification.

 

Visitors to the Institute

 

An Egyptian delegation visited the Institute from 24th to 28th September 2018. The Institute organized their visits to different banks in Mumbai.

 

Virtual Classroom Solution

 

The Institute has acquired a software for conducting training through the Virtual Classroom mode. This enables the Institute to disseminate the training inputs to a larger audience without diluting quality. The trainings for Certified Credit Professionals, Certificate in Risk in Financial Services, Certified Treasury Professional and Certified Accounting & Audit Professional are currently being offered in this mode. Kindly visit our website for more details.

 

Mock Test facility for Examinations

 

The Institute is offering mock test facility for three of the capacity building courses, namely, Certified Treasury Professional, Certified Credit Professional and Risk in Financial Services, in addition to its flagship courses viz. JAIIB & CAIIB. Any candidate can now take the mock test to familiarize with the examinations.

 

 E- learning

 

The Institute is providing e-learning for JAIIB, CAIIB, DB&F, Diploma in Treasury, Investment & Risk Management, Customer Service & Banking Codes & Standards, Anti-Money Laundering/Know Your Customer and Risk in Financial Services Examinations. The e-learning for the above subjects are activated within three working days after registration for the above mentioned examinations.


Video Lectures now available on YouTube

 

The Institute is providing the facility of video lectures for all the 3 papers of JAIIB and 2 compulsory papers of CAIIB, which are now available on the Institute's official YouTube Channel. For the convenience of the candidates, new video lectures containing the updates for the JAIIB & CAIIB (two compulsory subjects only) have also been made available on the Institute’s official YouTube page in a separate Playlist.

 

Training

 

The Institute, apart from conducting training under the capacity building courses, also conducts training programmes under other niche areas. Trainings on “Insolvency and Bankruptcy Code 2016”, "IT & Cyber Security were conducted recently. The 29th batch of Project Finance Training will be held from 7th to 12th January 2019.

 

 

 

 

Advanced Management Programme

 

The 7th batch of Advanced Management Programme (AMP) with 23 candidates started on 22nd July 2018. Collaboration with IIM, Calcutta is one of the highlights of the program.

 

Mr. V. G. Mathew, Managing Director & Chief Executive Officer of South Indian Bank and Mr. Sunil Sathe, Managing Director & Chief Executive Officer of TJSB Sahakari Bank addressed the AMP Participants on 4th November 2018 and 9th December 2018 respectively. Mr. Mrutyunjay Mahapatra, Managing Director & CEO, Syndicate Bank will be addressing on 13th January 2019 in “Leaders Speak” series of AMP Programme of the Institute.

 

Research Initiatives

 

The Institute encourages empirical research in which, the researchers can test their hypothesis through data (primary/secondary) from which, lessons can be drawn for the industry (banking & finance) as a whole. In this regard, the Institute invites Macro Research Proposals for year 2018-19 on the following topics. (Details are available on our website).

 

  1. Appropriate Framework for Project Finance: Opportunities & Challenges.
  2. Restructuring & Resolution of Stressed Assets.
  3. Digital & Cashless Banking – The way forward.
  4. Systemic Risks in the context of NBFCs & Mutual Funds.
  5. Corporate Bond Markets & Financing: Efficacy & Reforms.
  6. Innovation in Trade Finance including TReDS: Impact Assessment.

The Institute receives several proposals from academic institutions of repute. However, proposals received from bankers are not to the extent desired. I would therefore urge upon you to submit Macro Research Proposals.

 

The topics for the Micro Research are:

 

  1. Currency Rate Fluctuations- Impact on economy and banks
  2. How AI/ Crypto currency/ Block chain will shape banking in future.
  3. Ethics & Corporate Governance in Banks.
  4. Impact of GST on Banking sector.
  5. Likely Impact of Ind-AS on Indian Banks
  6. Impact of Social Media Marketing on Banks
  7. Progress & Prospects of Payment Banks
  8. Changing Job Dynamics in Banks.

 

The Institute also invites Applications for the Diamond Jubilee and CH Bhabha Banking Overseas Research Fellowship (DJCHBBORF) – 2018-19

 

Bank Quest

 

The Institute publishes a quarterly journal called “Bank Quest”.   The themes for next issues of “Bank Quest” are identified as:

  1. Mutual Funds: January - March, 2019
  2. Ethics & Corporate Governance in Banks: April - June, 2019
  3. Emerging technological changes in Banking: July - September, 2019

I request members to contribute articles on the above themes for publication in “Bank Quest”.

 

Let me now take this opportunity to share with you that Dr. Saket Sahay has been honoured by President/Vice President of India for writing an Hindi article on “प्लास्टिक मुद्रा के प्रयोग से जुड़ी चुनौतियााँ”, which was published in Bank Quest April-June 2017.  Dr. Sahay had been awarded the II Prize, Rajyabhasha Gaurav Purushkar, 2017-18, Department of Official Language, Government of India.

Updation of course wares

 

Institute has updated all the CAIIB compulsory and elective subjects and also revised/updated the courseware on Inclusive Banking through BCs in 9 languages.

 

Social Media

 

The Institute is on Facebook and You Tube. The page has since got over 90,739 likes on various types of posts viz. IIBF / RBI notifications, Quote of the day, Opinion Poll, Greetings, Photos and videos of various events / seminars / conferences conducted by the Institute.

 

Green Initiative

 

As part of green initiative, the Institute has discontinued sending hard copies of its monthly publication “IIBF Vision” with effect from October-2015 to its members. In case, you have not registered your e-mail id with the Institute, I request you to do so to enable the Institute to send copies of IIBF Vision by e-mail to you in future. You can also download issues of “IIBF Vision” and “Bank Quest” from the Institute’s website.

 

We, at the Institute are thankful to all of you for your continued support. I am also sure your unstinted cooperation will continue in the years to come.


I welcome suggestions and guidance from the members on various academic and training activities of the Institute.

 

 

 

Dr. J. N. Misra

01.01.2019