National Institute of Bank Management, Pune

(An Autonomous Apex Institute Established by RBI & Banks)

( Registered as a Society under the Indian Societies Registration Act 1860
Recognized as a scientific and Industrial Research Organization by Department of Scientific
and Industrial Research, Ministry of Science and Technology, Government of India )

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Journal of Social and Management Sciences
ISSN: 0970-8448

Prajnan is a quarterly double blind refereed journal of social management sciences with a special reference to banking and finance. It has completed 45 years of service in disseminating new ideas and research works in various areas of social sciences. The journal is listed in EBSCO and Proquest. Prajnan is in the UGC approved list of Academic Journals. The journal reference  in UGC list is 41904.  It has also been attached with global dissemination services provided by SSRN and IDEAS Repec.

Objectives of the Journal:

PRAJNAN is a quarterly double-blind refereed journal that presents research papers, brief articles and commentary on banking and finance and operations. The objectives of the Journal are (a) to encourage new thinking on concepts and theoretical frameworks in the various disciplines of Social Sciences, Administrative and Management Sciences, and (b) to disseminate such new ideas and research papers (with strong emphasis on realism of analysis, provision and use of empirical evidence) which have broad relevance to the working and development of banking and other financial institutions, to help the management of such institutions in formulating various policies that are related both to the short-term and long-term needs of the organizations as well as of the economy.

Submission of full Research Papers which would fulfil the above objectives are welcome. The Journal would also publish Brief Articles, Notes or Comments, etc., which conforms the standards. It is a condition of publication, that the Research Papers, Brief Articles, Notes or Comments, etc., are original works and they have not already been published or they are not submitted for publication elsewhere and will not be reprinted without leave of the Editor (i.e. the copyright of the published materials to be with the Journal).

Each paper is reviewed by the Editor and if it is judged suitable, then it enters the double-blind review process. Manuscripts may be rejected, edited or returned for specified revision on the basis of the recommendations of the referees and decision of the editorial board. Utmost care is taken to ensure faster response to our authors.

Opinions expressed by the authors in the Papers, Notes or Comments are purely individual and no responsibility for such views is assumed by the Editor or the Publishers.
Authors whose papers are published in the Journal will be supplied with 25 reprints of their paper and a complimentary copy of the issue.

The Journal also reviews important books published recently in the disciplines of Social Sciences, Administrative and Management Sciences. Publishers desirous of such reviews should send preferably two copies of the books to the Journal

Instructions to the Authors

We prefer electronic submission of all papers (by email). Where this is not absolutely possible, two hard copies may be sent to the Editor. All articles submitted for consideration should follow strict academic standards and it should be of interest to a broad audience of practitioners and academics. The preferred text format for papers is MS-Word. The length of the full Research Paper will be around 7000-8000 words. Type every portion of the manuscript double-spaced (a minimum of 6 mm between lines), including figure legends, table footnotes, and references, and number all pages in sequence, including the abstract, figure legends, and tables. In case of submission by postal service kindly send the CD-Rom along with two print-outs. The length of a brief article would be around 1500-2000 words.

The first page (Title page) of the manuscript should contain only: (a) Title of the Paper, Brief Article, Note or Comment, (b) Name of the Author, (c) Name of the Institution to which the author is affiliated, (d) Brief academic bio-data and work experience of the author, and (e) complete mailing and e-mail address, and phone numbers. The second page (main text) should contain an executive summary or abstract of no more than 150 words, and 3-5 keywords (e.g., profitability, bank competitiveness and performance, etc.) and JEL classification code. The main text subject matter should commence from second page onwards for anonymity (so that the referee will not know the identity of the author).

Authors are fully responsible for the accuracy of the data used in the manuscripts. If the manuscripts contain statistical analysis, the authors should provide supplementary notes (which will not be published) on the methods used in the analysis for the convenience of the referees. Statistical tables should be clearly titled and numbered and the reader should be able to understand clearly the meaning of each row or column. Units of measurement and sources of data should be clearly stated.

The full mathematical workings necessary for justifying each step of the argument (which will not be published) should accompany the manuscripts of mathematical character to facilitate the referee's work. Diagrams should be clearly drawn (or generated) and labelled so that the reader would be able to understand its meaning.

Bibliographical references should be cited using the Harvard style [name (year)] and carefully checked for completeness, accuracy and consistency. The authors should carefully check and complete the reference citation in respect of:


For Journal Article:

(a) Author's surname, initials as it appears on the cited works, (b) Year of publication, (c) "Title of the paper", (d) Name of the Journal, (e) Volume number, (f) (Issue number), and (g) Page references.

For Books:

(a) Author's surname, initials as it appears on the cited works, (b) (Year of publication), (c) Title of the book, (d) Publisher, (e) Place of publication, and (f) Page references.

For Book Chapters:

(a) Author's surname, initials as it appears on the cited works, (b) (Year of publication), (c) "Chapter Title", (d) Editor's surname, initials (Ed.), (e) Title of the book, (f) Publisher, (g) Place of publication, and (h) Page references.

For Working Papers:

(a) Author's surname, initials as it appears on the cited works, (b) (Year of publication), (c) "Title of the paper”, (d) Working paper number, (e) Institution or Organization, (f) Place of Organization, and (g) Date.

For Electronic Sources:

If an article is available online, the full URL should be supplied at the end of the reference along with the date when the resource was accessed.

It is important to note the papers listed in the bibliographical reference should also be discussed in the main text. The authors should cite publications in the text as follows: using the author's surname, e.g. Merton (1973); citing both names if there are two authors, e.g. (Black and Scholes, 1974), or (Altman, et al., 1980) when there are three or more authors. The reference list in alphabetical order should be supplied at the end of the paper.

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Editorial Advisory Board

Dr Vijay Kelkar
India Development Foundation
Gurgaon, Haryana, India
Dr Bala V Balachandran
J L Kellogg Distinguished Professor of 
Accounting Information and
Management and Decision Sciences and
Director, Accounting Research Center
Kellogg School of Management
Northwestern University
  Illinois, USA 
Shri A K Purwar
Former Chairman
State Bank of India
Mumbai , India
Dr Ravi Jagannathan
Chicago Mercantile Exchange
Distinguished Professor of Finance and
Co-Director of Center for
Financial Institutions and Markets
Kellogg School of Management
Northwestern University
Illinois, USA
Dr Anil K Khandelwal
Former Chairman & Managing Director
Bank of Baroda
Mumbai, India
Dr Anthony Saunders
John M Schiff Professor of Finance and
Chairman, Department of Finance
SternSchool of Business
New York University
New York, USA
Dr K L Dhingra
National Institute of Bank Management
Pune, India


Editorial Team


Dr Arindam Bandyopadhyay

Editorial Team Members

Dr Smita Roy Trivedi

Prof Ateeque Shaikh

Production Team

Soni Philip (Chief Administrative Officer)
Shainaz Baig (Executive Officer - Publications)
Yvette D’mello (Secretary)   
Vincent D’mello (Graphic Designer)
Dhananjay Gondras
(Sales Assistant)


Copyright © 2018
National Institute of Bank Management, Pune, India
All rights reserved. No part of this journal may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without the permission of the publishers.
The views expressed and facts stated in the papers contained in this volume are of the individual authors and are in no way those of either the Editors, the institution to which they belong and the publisher.


Address for Communication:


National Institute of Bank Management
NIBM PO, Kondhwe Khurd
Pune - 411048 (India)
Tel: 020-26716000
Fax: 020-26834478





National Institute of Bank Management NIBM Post Office, Kondhwe Khurd
Pune 411 048, INDIA



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