National Institute of Bank Management (NIBM) is an Indian institution for research, training and consultancy in banking and finance. It is located in Pune. The campus is self-contained, with residential and educational facilities. NIBM was established in 1969 by the Reserve Bank of India in consultation with the Government of India as an autonomous "think-tank" for the Indian banking system. It is intended to further the government's objective of developing the banking industry in India, making the industry more cost-effective, and thus better equipped to aid national development. The institute focuses on helping managers in the field make their organizations competitive both domestically and internationally. The NIBM is governed by a board, chaired by the Governor of Reserve Bank of India, which includes representatives from the various member banks and educational institutes. The institute generates more than 70 per cent of its own operating budget; the rest is funded by the banking industry. Shri Achintan Bhattacharya (Retired Joint Secretary of Dept. of Financial Services, Ministry of Finance, Government of India) is the current Director of the institute.