The Indian Institute of Banking & Finance & The Chartered Banker Institute enter
historic mutual agreement
27th June 2017
The Chartered Banker Institute and The Indian Institute of Banking & Finance (IIBF)
are delighted to announce that they have signed a groundbreaking new Mutual Recognition
The Chartered Banker Institute and the IIBF, which is the world's largest banking
institute, with more than 750,000 ordinary members, have come together with the
aim of improving the international education and career opportunities for bankers
and financial services professionals worldwide, by improving their qualifications
Under this agreement, "Certified Associates of the Indian Institute of Bankers"
(CAIIB) from India will have their qualifications recognised by the Chartered Banker
Institute, and will be able to become Chartered Bankers by studying the Institute's
Professionalism, Ethics & Regulation module, and successfully completing a reflective
With the experience gained from working together to recognize the CAIIB qualification,
the Institute and IIBF will further discuss working together to align both bodies'
qualification frameworks to provide mutual recognition for members wherever possible,
facilitating easier movement of qualified bankers between India and the UK.
Simon Thompson, Chief Executive of the Chartered Banker Institute commented:
"It is a great honour for us to be entering into this historic agreement with the
world's largest banking institute, the IIBF. This shared commitment to better education,
to increased professionalism and to working to restore public confidence in our
profession is why both our Institutes have come together in this way.
This is great news for our respective members and students, as it improves their
career prospects. But it is even better news for the public, who want to see better
educated, better qualified, more professional banking and financial services staff"
Dr Jibendu Misra, Chief Executive of the IIBF added:
"It is a significant agreement for both the Institutes as the need for enhancing
and sustaining professional standards in banking, is increasingly being felt. Developing
human capital on which, banking ultimately is built, has been the core principle
of Indian Institute of Banking & Finance and the Chartered Banker Institute.
The partnership with the oldest professional banking institute in the world, the
Chartered Banker Institute, gives our members an opportunity to get a wider and
global perspective. This would enable them to develop professionally and advance
in their careers."
IN ORDER TO MAKE CHANGES IN THE TECHNOLOGY SYSTEMS TO ALIGN WITH GST (GOODS & SERVICE TAX), REGISTRATIONS FOR MEMBERSHIP, EXAMINATIONS AND OTHER PAYMENT LINKED SERVICES WILL BE OUT OF SERVICE FROM 28th JUNE 2017 TO 10th JULY 2017.
IN ORDER TO MAKE CHANGES IN THE TECHNOLOGY SYSTEMS TO ALIGN WITH GST (GOODS & SERVICE TAX), REGISTRATION SERVICES FOR DUPLICATE CERTIFICATE, DUPLICATE MEMBERSHIP CARD, IIBF VISION AND BANK QUEST WILL BE UNAVAILABLE FOR SOME MORE TIME. INSTITUTE IS TRYING TO START THE SERVICES AT THE EARLIEST. WE REGRET FOR THE INCONVENIENCE CAUSED.