Indian Institute of Banking & Finance (Estd: 1928) is working with a mission “to develop professionally qualified competent bankers and finance professionals primarily through a process of education, training, examination, consultancy/counselling and continuing professional development programmes. One of the objectives of the Institute is to promote research relating to Operations, Products, Instruments, Processes, etc. in Banking and Finance and to encourage innovation and creativity among finance professionals. With this in view, in 2003 the Institute had started to fund research studies on selected areas in banking and finance, known as ‘Macro Research’, the term macro suggesting the scope of the research and to distinguish it from the other research initiative of the Institute namely the ‘Micro Research’. Under the Macro Research scheme, the Institute invites proposals from research scholars from universities, colleges and banks to take up research in identified areas.
Topics for Macro Research:
The Institute encourages empirical research in which the researchers can test their hypothesis through data (primary/secondary) from which lessons can be drawn for the industry (banking & finance) as a whole. In this regard, the Institute invites Macro Research Proposals for year 2017-18 on the following topics. (See important clause on copyrights in the brochure)
- Ethics and Corporate Governance in Banking
- Consolidation of Banks in India and its impact on economy
- GST – Impact on Banking & Financial Services
- Issues and challenges in financing MSMEs
- Efficacy of recent initiatives in NPA Management
- Evolution of Bank v/s Non- Bank financing in Banking Industry including Capital Markets
Who can participate?
Teams sponsored/identified by research organizations/institutes, as well as individuals affiliated to banks/corporates/research organizations/institutions having a proven track record, are eligible to apply.
The winners of the macro research award during the last two years (2015-16 and 2016-17) are not eligible to apply for the research award. If the research is undertaken by individuals, the proposal should be routed through their organizations after taking requisite permission, wherever applicable.
The Research Proposal/s submitted should, among others, focus on the research objective/s, hypothesis, research design, methodology and execution plan of the proposed project.
The Research proposals will be evaluated in terms of its objective, relevance and methodology. Action points flowing from the research for policy making, should be clearly listed out in the final research report to be submitted. The track record of the research organizations/researchers submitting the proposal is also taken into account for awarding the research. All the research proposals will be prima facie considered for suitability and final selection will be made after the short listed researchers make a presentation to the members of the Research Advisory Committee (RAC) of the Institute.
The selected research project carries a cash award of Rs.2,50,000/- (Rupees two lakh and fifty thousand only). On commencement of the project a part (25%) of the award money will be given by way of advance as per the request of the researcher. The balance will be disbursed only on acceptance of the final report. In case a report is found unacceptable during the midterm review and final review, the research organization / researcher will not be paid the balance amount. In case a research organization/researcher abandons the project mid way, they would be required to refund the advance availed together with interest at the prevailing MCLR of the State Bank of India (SBI).
Size of research report:
Around 200-250 pages
After completing the research work, the final research report should be submitted within a maximum period of six months from the time the project is awarded. In case of delay in submission of report, the award may be forfeited.
Applicant research organizations/researchers are required to submit typed proposals in English along with a brief bio-data highlighting their experience in conducting similar research.
Applicants must quote the full address, mobile no. /landline no. and email ID of the researcher. The last date for submission of the proposal is 31st January 2018. Applications may be sent via post or courier to:
The Director of Academic Affairs,
Indian Institute of Banking & Finance,
Kohinoor City, Commercial-II,
Tower-I, 2nd Floor, Behind Kohinoor Mall,
Off. L.B.S. Marg, Kurla (West), Mumbai-400 070 Tel.:022-2503 9604/9746/9907/25047033/25047019