Dear Member,
My warm greetings to you and your family members.
The outbreak of novel Corona Virus (COVID 19) has been declared as pandemic by WHO
and has affected many places / states of our country. We are indeed passing through
a difficult time with our country being in locked down mode for 21 days till 14th
April, 2020 to fight spreading of the Corona Virus.
I appeal to all of you to stay safe and follow the instructions issued by the Government
agencies. This is for our own good and good for the nation.
I am quite positive that the dark cloud of COVID 19 will soon pass away and we will
be greeted by bright sunshine of joy and happiness. My best wishes to all of you.
The Institute will be physically shut till 14th April, 2020 but the staff of the
Institute continue to work from home. All Institute's online services will be operational,
and the Institute's executives will be available on e-mail. The members can, therefore
contact, the officials of the Institute through e-mail for their queries, if any.
Due to the COVID 19 pandemic, the examinations conducted by the Institute will have
to be postponed. Fresh dates for holding the exams will be announced as soon as
possible. I would request you to please visit the website of the Institute for the
latest updates.
Let me now share with you some of the important developments at the Institute which
happened during the financial year 2019-2020.
Inauguration of premises at Kolkata, meeting of Heads of HR & Training of
banks and 36th PTM Lecture
The Institute has acquired its own premises at Kolkata and New Delhi. While renovation
of the premises at New Delhi is in progress, the renovation of the Institute’s
office at Kolkata has been completed.
The new office at Kolkata, besides having state-of-the-art facilities, also has
a studio where classes through the virtual mode could be conducted for the different
programmes of the Institute.
On 1st February 2020, the Institute conducted the following three events
at Kolkata.
- Inauguration of its new premises
- Meet of HR & Training Heads of banks
- 36th SirPurshotamdas Thakurdas Memorial Lecture
The new premise was inaugurated by Mr. Rajnish Kumar, Chairman, SBI and President,
IIBF.
The meet of HR & Training Heads of banks saw a good participation from banks.
The 36th Sir Purshotamdas Thakurdas Memorial Lecture
was delivered by Hon’ble Justice Shri S J Mukhopadhaya, Chairperson, National
Company Law Appellate Tribunal on the topic
“Insolvency and Bankruptcy Code, 2016 and its impact on the Economy.”
The Lecture was attended by a large and appreciative audience.
Case Study Writing Competition
Case study, as a pedagogical tool, has gained prominence. The Institute had therefore
taken an initiative of organising a case study writing competition for the bankers.
As per the guidelines drawn up, a Case accompanied by a Teaching Note were to be
developed on a theme related to Indian Banking. The list of suggested themes was
segregated on the basis of specialization into Scheme I (Specialized Areas) and
Scheme II (General Areas). Attractive prizes were also announced. While the
first three prizes under Scheme I were Rs. 50,000/=, Rs. 40000/= and Rs. 30,000/=
respectively, the prizes under Scheme II were Rs. 30,000/=, Rs. 20,000/= and Rs.
10,000/= respectively.
This initiative of the Institute was appreciated by the banking fraternity and was
evident from the overwhelming response received. The Institute had received a total
of as many as 61 case studies accompanied by Teaching Notes.
The case studies were evaluated by a Committee and the following officials were
the prize winners:
Scheme I (Specialized Areas)
I Prize - Rs. 50,000/-
Winner: Dr. M. S. Ali,
Case Study: Credit Appraisal in Project Loan- Estimating A Probability of Default
- A Case Study
II Prize - Rs. 40,000/-
Winner: Mr. Arun Kumar Pathak,
Case Study: Expansion project punctures Shyam Auto
III Prize - Rs. 30,000/-
Winner: Mr. Koneti Ramesh Babu,
Case Study: Trouble Taken Over
Scheme II (General Areas)
I Prize - Rs. 30,000/-
Winner: Mr. Karan Gupta,
Case Study: Doing Business less by rules more by Ethics
II Prize - Rs. 20,000/-
Winner: Ms. Sakuntala Sanyal,
Case Study: Learning Organization: Way to Unlock Business Agility
III Prize - Rs. 10,000/-
Winner: Mr. Srinivasan K,
Case Study: Inception - Tale of Many Loops
The other cases, which were shortlisted, were awarded a consolation prize of Rs.
2000/=.
10th R K Talwar Memorial Lecture
The 10th Shri R. K Talwar Memorial Lecture was organised by the
Institute on 22nd November, 2019 and was delivered by Mr. Sanjeev
Sanyal, Principal Economic Advisor, Government of India and Co-chair of G20’s
Framework Working Group, Ministry of Finance, Government of India. The topic for
the Lecture was “Beyond Risk: Policy making for an Uncertain World”.
Many senior bankers and other dignitaries from various fields attended the Lecture.
Launching of New Certificate / Diploma Courses
In order to keep pace with the ever-changing banking landscape, the Institute introduces
new courses for improving the skill base of the banking fraternity.
Some of the new certificate courses which are on the anvil are:
A. Resolution of Stressed Assets of Banks with special emphasis on the Insolvency
& Bankruptcy Code.
B. Emerging Technologies.
C. Strategic Management & Innovations in Banking.
Workshops / Seminars / Webinars
Date
|
Place
|
Topic
|
Name of the Speaker
|
Duration
|
6.9.2019
|
New Delhi
|
Insolvency & Bankruptcy Code 2016
|
Dr. M S Sahoo, Chairperson, IBBI
|
One full day
|
13.9.2019
|
Chennai
|
Banking Today: Secure-banking
|
Mr. Karnam Sekar,
MD & CEO of Indian Overseas Bank
|
One full day
|
26.9.2019
|
Kolkata
|
Emerging Technologies
|
Mr. Charan Singh, Executive Director, UCO Bank
|
Half day
|
A seminar for the Non-Banking Finance Companies based at Western India was organised
on 17th December 2019. The Key Speaker at the seminar was Mr. Sujit Kumar
Varma, Deputy Managing Director, State Bank of India.
Webinar on Forensic Audit
As part of Institute’s Member Education Series and in order to spread a higher
level of awareness amongst bankers about the important developments happening in
the banking and finance domains, the Institute had organised its first Webinar on
a very contemporary topic “Forensic Audit” on 10th October 2019.
The webinar was delivered by Mr. Rakesh Kaushik, FCA, Faculty, IIBF.
Scheme for Research Fellowship in “Banking Technology”
The Institute had taken an initiative to announce a “Research Fellowship in
Banking Technology” in collaboration with IDRBT. The research fellowship carries
an award of Rs. 5 lakh and will be fully funded by IIBF.
Research proposals were invited in the following thrust areas:
- Cyber Security
- Analytics
- Mobile Banking
- Emerging Technologies
- Payment Systems
The scheme which was open from 15th October 2019 to 14th January
2020 has received an excellent response. The researchers whose proposals are shortlisted
will be called for a presentation before the evaluation committee set up for this
purpose. The date will be announced as soon as possible.
Call for Micro / Macro Research Proposals
The Institute invited micro and macro research proposals for the year 2019-20. Here
again, the response has been quite good. The proposals are being examined and further
details will be communicated to all concerned as soon as possible.
Bank Quest
The Institute publishes a quarterly journal called “Bank Quest”.
The themes for the next coming issues of “Bank Quest” are identified
as under:
- “Alternative Channels of Investments” - Sub –themes: Mutual Funds,
Post-Office & Bank Deposits & others: January – March, 2020
- “Strategic Technology Trends in Banks” – Sub – themes: Traditional
lending to Digital flow based lending, Fintech landscape in India, Cyber Security,
Big Data Analytics, Customer Experience: April – June, 2020
- “NBFCs, Systemic Risk and interconnectedness amongst Financial Institutions”:
July-September 2020.
Bank Quest included in UGC CARE List of Journals
IIBF’s Quarterly Journal, Bank Quest has been included in the Group B of UGC
CARE list of Journals. The University Grants Commission (UGC) had established a
“Cell for Journals Analysis” at the Centre for Publication Ethics (CPE),
Savitribai Phule Pune University (SPPU) to create and maintain the UGC-CARE (UGC
- Consortium for Academic and Research Ethics). As per UGC’s notice, research
publications only from journals indexed in UGC CARE list should be used for all
academic purposes.
Capacity Building Courses in banks
The Reserve Bank of India had mandated acquiring qualifications in the areas of
Credit Management, Risk Management, Treasury Management, Accounting and Foreign
Exchange Operations. I am happy to state that IIBF is the only Institute which offers
courses covering all the above areas identified by RBI.
Examination for Business Correspondents
RBI has identified IIBF as the sole certifying agency for certifying the Business
Correspondents of both the Scheduled Commercial Banks and Payments Banks. The syllabus
for the examination has been revised in consultation with RBI. The Institute has
also tied up with CSC e-Governance and BFSI-SSC for certifying the BCs.
Virtual Classroom Solution
The Institute has acquired a software for conducting training through the Virtual
Classroom mode. This has enabled the Institute to disseminate training inputs to
a larger audience, without diluting quality. Virtual training for Certificate in
Risk in Financial Services, Certified Treasury Professional and Accounting &
Audit have also been introduced.
Mock Test facility for Examinations
The Institute is offering mock test facility for three of its specialized courses,
viz. Certified Treasury Professional, Certified Credit Professional and Risk in
Financial Services, in addition to its flagship courses viz. JAIIB & CAIIB.
Self-paced E-learning courses
With rapid progress in technology and advancement in learning systems, E-learning
has been embraced by the masses, a formalised teaching system with the help of electronic
resources. E-learning has been developed by the Institute for some of its subjects
and is made available to the candidates registering for the examinations, as an
additional pedagogical tool. To further diversify its portfolio of offerings, the
Institute has developed a new mode of certification called the Self-paced e-learning
cum certification courses. Two courses namely “Ethics in Banking” and
“Digital Banking” have been introduced.
IT Initiatives
All the activities undertaken by the Institute are in on-line mode. While continuing
to take further initiatives in this regard, the Institute has implemented issuing
Digitally Signed Certificates for all the examinations to replace the paper based
manual certificates. This is a part of one of the green initiatives of the
Institute.
Training Programmes
Besides trainings covering the mandared courses, the Institute conducted a good
number of programmes on topics which were contemporary. Some of such programmes
were on Marketing & Customer Service, Banking Compliance, IBC, 2016, AML/KYC,
IT & Cyber Security, International Training Programme for Trainers of Banks
etc.
Bank Executive Programme
The Institute hosted the11th Bank Executive Programme (BEP) for the Senior Management
Officials of Commercial Banks from 4.11.2019 to 8.11.2019 at the Leadership Centre
of the Institute in Mumbai. BEP is being organized jointly by NIBM, IDRBT and IIBF
by rotation. So far, 10 BEPs have been conducted in three campuses of the above
apex Institutes. Faculty of all the three Institutions, industry experts and practicing
Senior Bankers facilitated the sessions on different areas like Credit, HR, IT and
Risk Management. A total of 19 participants from different banks attended this programme.
The programme was highly appreciated by the participants.
AMP Alumni Annual conference
The first annual meet of IIBF AMP Alumni Association (AMPAA) was held at the Leadership
Centre of the Institute in Mumbai on 9th November 2019. The meet
was attended by a large number of the Alumni Members and IIBF Faculty.
MDP at IIM Calcutta for the AMP Participants
Participants of Advanced Management Programme (AMP VIII Batch 2019- 2020) attended
a weeklong MDP Course at IIM Calcutta during 25th to 29th September
2019. Senior professors of IIM Calcutta facilitated the sessions. MDP is an integral
part of the AMP offered by IIBF.
Collaboration with Chartered Banker Institute (CBI)
The Institute had signed a Mutual Recognition Agreement (MRA) with the Chartered
Banker Institute (CBI). In terms of the MRA, CAIIB holders will get 100 credits
out of a total of 125 credits and will have to pass only one module on
Professionalism, Ethics & Regulation for becoming a Chartered Banker.
The Institute had approached CBI requesting them to examine the possibility of allowing
the candidates who have completed JAIIB to also pursue the Chartered Banker qualification.
CBI has agreed to the proposal and a separate pathway for the candidates who have
completed the JAIIB qualification has been arrived at. The details of this pathway
will be communicated to all concerned as soon as possible.
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
30th March 2020.