(An Autonomous Apex Institute Established by RBI & Banks)
(An Autonomous Apex Institute Established by RBI & Banks)
NIBM working paper series is an initiative to disseminate the initial research outcome of NIBM faculty members. The major research areas are Finance, International Finance, Credit Risk, Market Risk, Operational Risk, Treasury, Agricultural Finance, Economics, Marketing, Strategy, Operations Management, Analytics, Information Systems, and Human Resource Management within the broad areas of banking and finance. These research works are not peer-reviewed. The idea is to share the research outcomes to receive comments and suggestions. Some of the papers are expected to be under review for possible publications in peer-reviewed journals. Any citation of these research papers requires to mention of the appropriate URL with the source, and the date of access.
Paper Number: WP60/2026
Publication Year: March 2026
Authors:
Tasneem Chherawala, tasneem@nibmindia.org
The Reserve Bank of India’s proposed transition from the incurred-loss regime to an expected credit loss (ECL) framework, aligned with IFRS 9, marks a significant shift in provisioning practices for Indian banks. This paper evaluates the potential impact of the ECL framework on provisioning levels and capital buffers of …
Paper Number: WP61/2026
Publication Year: March 2026
Authors:
Gargi Sanati, gargi@nibmindia.org
Rajesh Ramakrishnan & Kiran Kumar Kakarlapudi
We find that introduction of TReDs has largely benefited the MSMEs. Under TReDs, MSMEs have seen a significant decrease in interest expenses, averaging around 8%. This reduction is attributed to interest rates being determined by the credit rating of larger buyers rather than the MSMEs' own creditworthiness. Analyses show …
Paper Number: WP59/2026
Publication Year: February 2026
Authors:
Pramod C Mane, pramod.mane@nibmindia.org
The Reserve Bank of India's (RBI's) recently released FREE-AI framework serves as a strategic blueprint for the responsible and ethical adoption of Artificial Intelligence (AI) in the nation's banking and finance sectors. This framework encourages safe innovation through shared infrastructure and institutional capacity building while moderating risk through governance …
Paper Number: WP58/2026
Publication Year: January 2026
Authors:
Naveen Kumar K, naveen@nibmindia.org
Partha Ray
India’s National Strategy for Financial Inclusion (NSFI) 2025–30 marks a decisive shift from an access-centric approach to one focused on financial well-being. Building on near-universal account ownership achieved during NSFI 2019–24, the strategy recognises that access alone has not translated into sustained usage or welfare gains. Drawing on Global …
Paper Number: WP57/2026
Publication Year: January 2026
Authors:
Yashveer Singh Rawat, yashveer.singh@nibmindia.org
The monetary policy committee held from Dec 3- 5, 2025 gives a detailed assessment of the evolving macroeconomic and financial developments and accordingly responded with a 25-bps (basis point) cut in the policy repo rates along with announcement of a Buy -Sell swap. The weakening Rupee along with the …
Paper Number: WP56/2026
Publication Year: January 2026
Authors:
Smita Roy Trivedi, smita@nibmindia.org
Purpose: Trends in credit growth and lending behaviour is a key economic variable influencing decisions making of financial institutions and policy makers alike. In this context, it is largely recognised in literature that secondary data fails to give forward-looking, qualitative insights which can be crucial for policy making, leading …
Paper Number: WP55/2025
Publication Year: September 2025
Authors:
Naveen Kumar K, naveen@nibmindia.org
Nisha Bharti
Financial inclusion is essential for a balanced economic growth in any country. Various policy interventions were promoted by the government and non-government organizations to support the agenda of financial inclusion. Microfinance models in India are accused of charging high interest rate. In this context, a group of professionals decided …
Paper Number: WP54/2025
Publication Year: September 2025
Authors:
Balu Pawde, balu.pawde@nibmindia.org
This Article discusses recent trends and patterns of India’s digital consumption using the newly released Household Consumption Expenditure Surveys (HCES) 2022–23 and 2023–24. We document how participation in digital consumption, defined as either online purchases or online payments, has expanded across rural–urban sectors, income deciles, education levels, and social …
Paper Number: WP53/2025
Publication Year: August 2025
Authors:
Purushottam Sharad Bedekar & Jigar Bhatt
This working paper examines the Insolvency and Bankruptcy Code, 2016 (IBC), a landmark legislation in India aimed at streamlining debt resolution and improving the recovery of non-performing assets (NPAs). The paper explores the evolution, implementation, and impact of the IBC, highlighting its role in addressing stressed assets, operational challenges …
Paper Number: WP52/2025
Publication Year: June 2025
Authors:
Kaushik Mukherjee, kaushikmukerjee@nibmindia.org
This study focuses on the impact of brand symbolism by banks in India on green channel use by retail customers. Consequently, the study examines its influence on social value and conspicuous virtue signaling. Finally, the study assesses the influence of conspicuous virtue signaling on warm glow and self-enhancement. The …
