Pune-based National Institute of Bank Management’s 13th Convocation of the Post-Graduate Diploma in Management (Banking and Financial Services) 2015-17 batch was held on Saturday, April 8, 2017 at 11.00 am at the NIBM Campus, Kondhwe Khurd. It was presided over by Shri S S Mundra, Deputy Governor, Reserve Bank of India (RBI), who presented diplomas to 56 students. Speaking on the occasion, Dr Achintan Bhattacharya, Director, NIBM, said to the students, “You will now enter the professional world of banking and finance which will put to test your skills and knowledge. It is a competitive world out there and you will have to do your best all the time to survive and progress.” Dr Bhattacharya also highlighted the achievements of the NIBM, including good revenues through its training and education programmes, and elaborated upon the institute’s expansion plans of building a new hostel to accommodate a greater intake of students each year.
Over the years, the NIBM has emerged as a pioneering institute imparting academic knowledge and training in the field of banking and finance. It has always recorded 100% placements, a tradition carried forward by the 2015-17 batch also with students having found placements with leading banks and financial institutions such as HDFC Bank, KPMG, E&Y, Axis Bank, Federal Bank, RBS, Yes Bank, JFS, NPCI and SBI Finance. There has been a hike of almost 20% in average CTC as compared to the 2014-16 batch. The average package of the students placed this year is Rs 10.5 lakhs. Also, for the first time, NIBM has sold over 2,300 applications to prospective students for the 2017-19 batch of 90 students. This is more than twice the average since the inception of the PGDM course. This year the NIBM has also obtained ISO 9001:2015 certification for a period of three years from DNV-GL for its training process.
In his speech, Shri S S Mundra exhorted the graduates to choose the right professional path and remain focused at all times. “You must remember three ‘mantras’: Keep learning because learning is a never-ending process, always try to do something extra in the job you have on hand, and try to do the same thing a bit differently,” he said. Highlighting the lessons he had imbibed from his more than 40 years of experience in the banking and finance sector, Mundra said that India has an oversupply of ideas but what is important is to know how to execute them. His message to the students was: “Take your work seriously but don’t take yourself too seriously.” He also elaborated about his Theory of 1,2,3 which is that when a company hires a person, it is done so as one unit but the salary offered is that of two persons and the work expected is of three people. “Therefore, don’t burn yourself out. Be prepared for a marathon run,” he advised.
Shri Mundra also touched upon contemporary issues revolving around banking and finance. “In today’s world of banking, it is very important to understand what risk management implies. Also, as you attain seniority in your profession, there are areas which may be new to you but which you should become good at, such as communication, networking and investor relationship. Also, you have to learn to differentiate between human resource management and human resource development because while the former can be taken care through technology, development means grooming, training and retaining the right talent,” he said. Shri Mundra also spoke about issues facing today’s economy such as asset quality, the stunted development of MSMEs and financial inclusion. “Although this may sound harsh, banks have been one of the reasons why many MSMEs have turned sick. As for financial inclusion, there are many schemes on the supply side but the demand has to pick up and it is not doing so because there is very little awareness,” he said.
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