RBI GOVERNOR PRESIDES OVER NIBM'S 19TH CONVOCATION

On May 24, 2025, the National Institute of Bank Management (NIBM) celebrated its Nineteenth Annual Convocation, celebrating the academic accomplishments of the PGDM (Banking & Finance) batch of 2023–25. The event brought together distinguished academicians, senior officials from public and private sector banks, and dignitaries from the Reserve Bank of India and its associate institutions.

Upholding a cherished tradition, the ceremony was presided over by the Honourable Governor of the Reserve Bank of India and Chairman of the NIBM Governing Board, Shri Sanjay Malhotra. The event was further honoured by the presence of the Chief Guest, Dr Duvvuri Subbarao, Former Governor of the RBI. Members of the NIBM Governing Board were also present.

The day commenced with a momentous occasion—the laying of the foundation stone for Phase I of the New Campus Development by Shri Sanjay Malhotra, followed by a tree plantation ceremony.

The convocation ceremony formally began with a welcome address by Prof. Partha Ray, Director – NIBM, who congratulated the graduating students on successfully completing their academic journey. Prof. Arindam Bandyopadhyay, Dean (Academic Programme) & Principal, PGDM (B&FS), introduced the Chief Guest, Dr. Duvvuri Subbarao, to the distinguished audience of banking professionals, industry leaders, academicians, faculty members, students, and their families.

In an inspiring convocation address, Dr Subbarao shared personal anecdotes and valuable insights drawn from his long and illustrious career as an economist, former RBI governor, and retired IAS officer. He spoke candidly about the challenges he faced early in his career and underscored the importance of perseverance and passionate work. Narrating the hardships he faced as a young civil service officer, he explained how changing one's perspective can help one transform life's challenges into opportunities for positive change. He advised the students to keep their ears to the ground and not lose sight of the obvious in pursuit of the extraordinary. He urged the students to find and follow one’s dharma, no matter the obstacles that may arise in life.

A total of 131 students were conferred Post Graduate Diploma in Management.

Ten gold medals were awarded by leading institutions including State Bank of India, India Exim Bank, Bank of Baroda, Canara Bank, Bank of India, Indian Bank, Central Bank of India, Bank of Maharashtra, Standard Chartered Bank, and CCIL.

With this milestone, the PGDM (B&F) Class of 2023–25 now joins the illustrious ranks of NIBM alumni, contributing to top-tier consulting firms, investment banks, fintech companies, credit rating agencies, and public/private sector financial institutions in India and across the globe.

The ceremony concluded with a vote of thanks by Prof. Arindam Bandyopadhyay, followed by the formal closing of the convocation by the Chairman of the Governing Board.

The Honourable Governor (RBI) declaring the 19th convocation open [L-R: Prof. Partha Ray, Director - NIBM; Shri. Sanjay Malhotra, Governor - Reserve Bank of India and Chairman - NIBM Governing Board; Dr. Duvvuri Subbarao, Former Governor, Reserve Bank of India, and Prof. Arindam Bandyopadhyay, Dean (Academic Programme) - NIBM].

Prof. Partha Ray, Director - NIBM, delivering the welcome address.

Dr. Duvvuri Subbarao, Former Governor, Reserve Bank of India, delivering the convocation address.

Prof. Arindam Bandyopadhyay, Dean (Academic Programme) & Principal, PGDM (B&FS) - NIBM, proposing the vote of thanks.