
IIM Bangalore announces distinguished Alumni Awards 2025
Indian Institute of Management Bangalore (IIMB) has announced the names of the recipients of the Institute's Distinguished Alumni Awards (DAA) for 2025. This year, DAA will be given to Sandhya Shekhar, Prashant Jain, Mathew Cyriac, and Vineet Saraiwala, with the awards to be presented on 15 June, during the reorientation of the Post Graduate Programme in Management (PGP) and Post Graduate Programme in Business Analytics (PGPBA).
Sandhya Shekhar, PGP 1984, is an Advisor and Strategy Consultant to several corporate entities in the areas of Business Strategy and Digital Transformation. She serves as an Independent Director on the governing boards of Uno Minda Ltd., MI Torica, Mynda Onkyo, MITIL Polymer Pvt Ltd. and UCAL Ltd.
Prashant Jain, PGP 1991, Founder and Chief Investment Officer of 3P Investment Managers, has previously served as Chief Investment Officer at HDFC Mutual Fund.
Mathew Cyriac, PGP 1994, is the Executive Chairman of the PE firm Florintree Advisors and Co-founder at deep tech fund Yali Capital. Vineet Saraiwala, PGP 2015, Founder and CEO of Atypical Advantage.
IIMB has hosted the orientation for the incoming cohort of its two-year full-time MBA programmes, PGP and PGPBA, 2025-2027 batch, on 9 June 2025. Ronnie Screwvala, Chairperson and co-founder, entrepreneur & film producer, had delivered the chief guest's address during the inauguration ceremony that was held at the open-air theatre on the campus. The programme will feature announcements of the director's merit list, honours list, and key scholarship awards.
Leadership Programme to Build Resilient GCCs
Meanwhile, IIM Bangalore has launched a programme for senior professionals in Global Capability Centres (GCCs). Classes in the new programme titled 'Leadership Programme to Build Resilient GCCs', will start on July 24. Interested candidates can apply by visiting IIM Bangalore's official website – iimb.ac.in. The last date to apply for the programme is June 24.
Designed for professionals with 15+ years of experience and currently in leadership positions in GCCs, the programme will be held for 10 days and be spread across four months. The programme is aimed at helping leaders navigate an increasingly complex business environment and drive long-term value creation. The new programme features include global leadership frameworks contextualised for these centres, strategy workshops and peer learning.
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Hence due to the implementation of this real-time functionality, it would expedite payments, thereby benefiting both the bank and the customer.'Goyal explains: 'For such services (salaries, EMI, etc), if customers were given instant notifications whenever they send or receive money, it would enhance consumers' ability to steer their financial value. Besides, with improved technology and swift-solving ability, NACH promises to become more secure, transparent, and user-friendly—especially for common recurring payments.'Muskkan Kukreja, Assistant Director, Accounting and Finance, Dr Shantilal K Somaiya School of Commerce and Business Studies, agrees with Goyal and Shetty and adds: 'The optimized file handling capabilities mean the system can now manage a larger volume of transactions with better efficiency. For banks, this will result in faster processing times, and for customers, it will ensure a smoother experience—especially during high-volume periods like salary credits or EMI collections.'Kukreja says that: 'The NACH system (v 3.0) now offers live dashboards and alerts to track mandate rejections, transaction failures, and suspicious patterns. This means banks can now respond in real-time due to this immediate monitoring and they no longer are required to wait for end-of-day reports.'Ritesh Raj Saxena, Head of Direct Banking, IndusInd Bank says: "The upgraded interface, more streamlined navigation, and self-service tools allow for greater operational agility, while the enhanced security architecture, including encrypted downloads and access controls, ensure safe handling of sensitive data. Together, these updates will enable banks to reimagine the customer journey, playing a pivotal role in improving process oversight and minimizing risk exposure, ultimately benefitting both banks and their customers."Kukreja explains that prior to this new update, some transaction or mandate data could be downloaded in plain text, which was readable and says: 'This created a major risk if unauthorized personnel accessed it. NACH 3.0 has disabled this option, requiring all file access to be encrypted or done through secure dashboards. This removes the chance for manual mishandling or insider threats, where files could be accidentally shared or leaked on purpose.'Kukreja explains: 'The security improvements in NACH 3.0, including the PGP encryption module, the disabling of plain text file downloads, and real-time monitoring, are important upgrades that aim to boost data protection and lower fraud risks for both banks and their customers. PGP (Pretty Good Privacy) is a common encryption method that protects sensitive data, such as mandate files or transaction details. It ensures that only authorized parties can decrypt and read the information. The NACH files sent between banks and NPCI are encrypted with PGP, securing them from start to finish. This process helps stop data breaches during file transfers by making the content unreadable to unauthorized users and ensures that the data remains intact.'Whenever there are any payment related disputes or errors, consumers file a complaint with the bank which in turn files a complaint with NACH's system only during a defined time. This system is set to change with NACH 3.0 as banks can now submit or update their escalation matrix as per their explains: 'One of the enhancements made with NACH 3.0 is that banks can now submit or update their escalation matrix. 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