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Inauguration of CRBF

Centre for Research in Banking & Finance (CRBF) was inaugurated at TAPMI on Monday the October 10, 2011 by Shri Anantha Krishna, Non-Executive Chairman of Karnataka Bank Ltd., Mangalore. Dr S M Suresh, Director, AICTE, New Delhi was the Guest of Honour. Dr AS Vasudev Rao, Director-in-Charge, TAPMI, Prof Chowdari Prasad, Dean-Planning & Development and Prof SR Vishwanath, Centre Head were present on the dais. Members of Faculty, Staff and Students were also present.

Chief Guest, Shri Anantha Krishna recalled traditional banking in India during early years in post-Independent India and thereafter. He recalled the closure of Palai Central Bank and merger / amalgamation of several small and medium private banks during 1950s followed by formation of State Bank of India in 1955. Stating the two stages of nationalization of private banks in India in 1969 and 1980, he also referred to creation of DICGC. He further dwelt on steps taken by RBI and GOI towards reforms in banking industry leading to Prudential Norms, Capital Adequacy, Non Performing Assets, Write-offs, several Government Schemes for generating employment, legal sector reforms, and Risk Management System Models. He shared large amount of numbers / data pertaining to banking sector in the past and estimates for next decade. He applauded the initiative taken by TAPMI for setting up a dedicated Research Centre for Banking with support from AICTE, New Delhi.

Dr SM Suresh congratulated TAPMI in its endeavour to set up the Centre and offered to help / guide in moving forward with such intellectual / academic initiatives. He explained several schemes available with AICTE and assured to encourage TAPMI for availing of same. He narrated the functions of IIP Cell and asked the academic fraternity to utilize the services through Faculty Development Programs and Entrepreneurship Development Cell.

Prof Chowdari Prasad proposed a Vote of Thanks with an assurance that the Centre would certainly move forward in its objectives towards research in banking sector as also effective utilization of funds / support given by AICTE.

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