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Tuesday, Feb 25, 2003

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IIB joins hands with Montreal institute

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CHENNAI, Feb. 24

THE Indian Institute of Bankers (IIB) today launched a new course, `Diploma in Bank Financial Management', in collaboration with the Institute of Canadian Bankers, Montreal, Canada.

In this course, the participants will learn how to manage the many trade-offs involved in running a bank, such as derivative products.

A key part of the course is the exercise in managing a virtual bank — using a simulation model called `Bankmod', the students would be given exercises in decision making — they would be asked to take credit/investment decisions based on a mock balance sheet of a customer, under a given set of regulations. They could then be required to reappraise the proposal, under changed regulations.

Announcing this at a press conference here today, IIB's President, Mr V Leeladhar, said that the diploma was a "blend of theoretical and practical training to sharpen the operational skills of professionals". The Institute had also put in place a scheme of web-based education for candidates for the diploma to clarify any doubts.

The Canadian Institute of Bankers provide the software and the courseware for the diploma, which has been customised to suit the Indian banking system. The tie-up with the Canadians is one of the many collaborations the IIB has with overseas bodies. Recently, the IIB also tied up with the Securities Institute of Australia, for offering a MS level programme on `Financial Advising'.

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