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WORKING PAPERS

NIBM working paper series is an initiative to disseminate the initial research outcome of NIBM faculty members. The major research areas are Finance, International Finance, Credit Risk, Market Risk, Operational Risk, Treasury, Agricultural Finance, Economics, Marketing, Strategy, Operations Management, Analytics, Information Systems, and Human Resource Management within the broad areas of banking and finance. These research works are not peer-reviewed. The idea is to share the research outcomes to receive comments and suggestions. Some of the papers are expected to be under review for possible publications in peer-reviewed journals. Any citation of these research papers requires to mention of the appropriate URL with the source, and the date of access.


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Paper Number:  WP36/2024
Publication Year:  March 2024

Licensing Digital Banks & Proposing a Regulatory Regime for them in India

Authors:   Deepankar Roy, d_roy@nibmindia.org

Following demonetization, India experienced a significant increase in cashless transactions, propelled by initiatives such as PMJDY and the digital revolution driven by e-KYC and UPI. PMJDY, launched in 2014, facilitated the opening of a remarkable 420 million bank accounts, while UPI, introduced in 2016, emerged as a leading platform …

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Paper Number:  WP35/2024
Publication Year:  March 2024

Bank Frauds in India: Trends, Modus Operandi and Preventive Measures

Authors:   Deepankar Roy, d_roy@nibmindia.org
Sarika Lohana

Fraud detection and prevention is a national concern. Fraud prevention is important for the national economy's corporate image, and an efficient mechanism must exist to identify and stop the continuation of the frauds, as well as strict prosecution. This study investigates the nature and types of bank frauds, as …

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Paper Number:  WP34/2024
Publication Year:  February 2024

Risk Management in Banks and Financial Institutions in India: A Synoptic View

Authors:   Sanjay Basu, sbasu@nibmindia.org
Tasneem Chherawala

This paper offers a nontechnical overview of risk management in banks and financial institutions, with special reference to India. It begins with the evolution of banks and risk management practices over several centuries. It describes the genesis of the Basel Accords, against the backdrop of global financial instability during …

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Paper Number:  WP33/2023
Publication Year:  November 2023

Digitalisation of Capacity Building for the Banking Correspondent Agents (BCAs): Findings from Field Implementation and Proposition for Scaling Up

Authors:   Naveen Kumar K, naveen@nibmindia.org
Kuntal De

Financial inclusion and digital financial inclusion have been priority across countries, particularly in those that have large number of people operating outside the formal financial and banking framework. Digital financial literacy has been recognized as the first step towards this transformation which would allow many small holders to operate …

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Paper Number:  WP32/2023
Publication Year:  August 2023

INR Internationalization: A Process and Not an Event

Authors:   Gargi Sanati, gargi@nibmindia.org

India's external sector has grown significantly through economic liberalization reforms, resulting in increased trade and capital flow ties with the world. The Inter-Departmental Group (IDG) of the Reserve Bank of India has been formed to discuss the internationalization of INR. The group recently submitted its report on October 22, …

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Paper Number:  WP31/2023
Publication Year:  August 2023

Operational Risk Management in Transition – The Recent RBI Master Direction on Minimum Capital Requirement

Authors:   Richa Verma Bajaj, richa@nibmindia.org

The Reserve Bank of India, Master Direction on Minimum Capital Requirement for Operational Risk (OR), released on June 26, 2023, replaces all the existing Basel II risk approaches. The capital estimation in the new and revised approach, i.e. Standardised Approach (SA) of Basel III is based upon the financial …

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Paper Number:  WP30/2023
Publication Year:  August 2023

Digital Lending and Default Loss Guarantee

Authors:   Dr Tasneem Chherawala & Dr Alka Vaidya

The digital lending industry has seen a remarkable growth in India over last few years. The Reserve Bank of India (RBI) has played a crucial role in supporting this initiative by establishing regulations and providing timely guidelines on digital lending to various regulated entities. The latest directive by RBI …

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Paper Number:  WP29/2023
Publication Year:  June 2023

Financial Instability, Credit Growth and Optimal Monetary Policy Design

Authors:   Sanjay Basu, sbasu@nibmindia.org
Tasneem Chherawala

An increase in policy rates, in order to control inflation, may lead to a credit crunch, slowdown in economic growth and spurt in non-performing loans. In this paper, we explore the impact of policy rate shocks on the volume and cost of bank credit, in an imperfect competition framework. …

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Paper Number:  WP28/2023
Publication Year:  June 2023

Green Deposits Acceptance Framework: Fostering a Green Finance Eco-system

Authors:   Sarita Bhatnagar, sarita@nibmindia.org
V S Kaveri

Access to finance is crucial to catalysing the measures needed to achieve net zero targets and a systematic transition to a low-carbon economy. Reserve Bank of India’s Framework for Acceptance of Green Deposits has provided a fillip to the development of a green finance ecosystem in India. Banks can …

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Paper Number:  WP27/2023
Publication Year:  June 2023

Unlocking Potential: Reinforcing the SHG-BLP through Collaborative Efforts and Innovative Lending Mechanisms

Authors:   Naveen Kumar K, naveen@nibmindia.org

The revised RBI notification on the Self-Help Group Bank Linkage Program (SHG-BLP) provides a roadmap for strengthening and enhancing the program's effectiveness in the banking and financial sector. The key measures to be taken include strengthening collaboration with government agencies and NGOs, innovating lending mechanisms to cater to diverse …

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