Previous Year Question

The National Institute of Bank Management (NIBM) was established in 1969 by the Reserve Bank of India in consultation with the Government of India. According to NIBM's official description, it was established as an autonomous apex institution for research, training, education and consultancy in bank management. Its mandate is to function as a proactive think-tank for the Indian banking system.

According to the RBI's official historical records, NIBM was established on 24 September 1969 in Bombay (now Mumbai). It was subsequently shifted to its Pune campus in the mid-1980s.

NIBM's role is not limited to providing training to bankers. The Institute also undertakes research on banking policy and operations, training of senior bank executives, management education, and consultancy support to the banking and financial sector. Its highest policy-making body is the Governing Board, and the Governor of the RBI serves as Chairman of the Governing Board.