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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 These research works are not peer-reviewed.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:  WP 16/2022
Publication Year:  May 2022

Basel III Capital Regulation – A Brief Discussion

Authors:   Sanjay Basu, sbasu@nibmindia.org

The comprehensive RBI Master Circular on Basel III Capital Regulations, dated 1st April 2022, retains most of the guidelines covered by the previous Master Circular dated 1st July 2015. It prefers to continue with Basel II-style Standardized Approaches, for all risk categories. However, it includes the Large Exposure Framework …

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Paper Number:  WP 15/2022
Publication Year:  April 2022

Prudential Norms on Capital Adequacy – Primary (Urban) Co-operative Banks (UCBs)

Authors:   Arindam Bandyopadhyay, arindam@nibmindia.org

Ensuring the financial soundness of the Urban Cooperative Banks (UCBs) is crucial for protecting the interests of its depositors and other stakeholders. The capital adequacy ratio is considered an internationally recognized benchmark for measuring bank solvency. This has been popularized by the Basel Committee for Banking Supervision. The regulatory …

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Paper Number:  WP/14/2022
Publication Year:  April 2022

Relationship Banking, Monitoring Costs and Loan Recovery: A Matching Model

Authors:   Sanjay Basu, sbasu@nibmindia.org

Much of the literature on banking focuses on the value of relationship loans to lowquality firms. However, we show that under private information and incomplete contracts, bank-firm matching may be positively assortative. If the costs of monitoring a low quality borrower are higher than the subsequent gain from pairing …

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Paper Number:  WP 13/2022
Publication Year:  April 2022

Digital Disruptions and Transformation of Bank Marketing

Authors:   Sarita Bhatnagar, sarita@nibmindia.org

Banking industry is at the cusp of a disruptive revolution led by the advent of digital technologies. This paper intends to describe the impacts of digital disruption on one specific function, i.e., marketing of banking services. We explore the evolution of technology in banking, transformations from traditional marketing paradigm …

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Paper Number:  WP/12/2022
Publication Year:  February 2022

Recovery Induced Operational Efficiency of Indian Commercial Banks: An Alternative Approach to Accommodate Stressed Assets as Undesirable Byproducts

Authors:   Gargi Sanati, gargi@nibmindia.org

In a comparative framework, we estimate technical efficiency of Indian banks during 2009-10 to 2017-18. We consider advances and recovery of stressed assets as desirable outputs, while NPA and slippage as undesirable byproducts. Our conjecture (from the prior observations) that public sector banks lag way behind the private sector …

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Paper Number:  WP/11/2022
Publication Year:  January 2022

Household Inflationary Expectations and Monetary Policy: Does Gender Matter?

Authors:   Saibal Ghosh
Partha Ray, pray@nibmindia.org

We explore the evolution of inflation expectations of households in response to a change in monetary policy and whether there is a differential impact across gender. Relatedly, we also segregate this behaviour in terms of extensive versus intensive margins and the evolution of such behaviour during periods of key …

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Paper Number:  WP/10/2021
Publication Year:  December 2021

Examining Attitude towards Chatbots: A Survey of Retail Bank Customers in an Emerging Market

Authors:   Prof. Kaushik Mukherjee, kaushikmukerjee@nibmindia.org

This study has been undertaken on the basis of self-determination theory, unified theory of acceptance and use of technology, and the theory of planned behaviour. The study examines the attitude and intention of retail bank customers towards chatbots. The findings show that self-determination/motivation, performance expectancy, social influence, and facilitating …

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Paper Number:  WP/09/2021
Publication Year:  December 2021

How Do Bank Specific Factors Effect Deposit Growth? Some Findings from Indian Banking

Authors:   Anjan Roy, aroy@nibmindia.org

Growth of deposit in banks is primarily influenced by macro-economic environment factors. However, despite facing similar business conditions, some banks are able to achieve higher and sustained growth of deposits than others, which indicates to the importance of bank specific factors for deposit growth. This study attempts to determine …

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Paper Number:  WP/08/2021
Publication Year:  December 2021

Distinctive Pay-Off of Packing Credit and Bank Loan for Indian Exporters: A Nonlinear Approach

Authors:   Gargi Sanati, gargi@nibmindia.org
Anup Kumar Bharndari
Rudra Prasad Roy

In the framework of uneven access in bank finances, our study empirically examines the asymmetrical contribution of the large and small exporters in India’s export growth. By using panel threshold model developed by Hansen, 1999 we examine the impact of packing credit and other available sources of bank finances …

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Paper Number:  WP/06/2021
Publication Year:  December 2021

Do Emerging Markets Evaluate M&As Correctly? : Evidence from India

Authors:   N. K. Chidambaran
Dipali Krishnakumar, k.dipali@nibmindia.org
Madhvi Sethi

We examine whether emerging markets capture the value impact of corporate events using data on acquisitions by Indian Firms. We measure market reaction to acquisition announcements using Cumulative Abnormal Returns (CAR) around acquisition announcements and measure the longer-term performance using matched sample buy and hold abnormal returns (BHAR) and …

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