ISO 9001:2015 CERTIFIED
Established in 1928 as a Company under Section 26 of the Indian Companies Act, 1913,
the Indian Institute of Banking & Finance (IIBF), formerly known as The Indian
Institute of Bankers (IIB), is a professional body of Banks, Financial Institutions,
and their employees in India. The Vision and Mission statements of IIBF are:
To be the premier Institute for developing and nurturing competent professionals
in banking and finance field.
To develop professionally qualified and competent bankers and finance professionals
primarily through a process of education, training, examination, consultancy / counselling
and continuing professional development programs.
The Institute is managed by a Governing Council consisting of representatives of
major Banks, Reserve Bank of India, Indian Banks’ Association, Institute of
Banking Personnel Selection and an academician from the Indian Institute of Technology,
The day-to-day management of the Institute vests in the hands of the Chief Executive
Officer (CEO) who in turn is supported by a Deputy CEO, Director – Operations,
Director – Academics and Director – Training.
Banking & Finance being a knowledge-driven industry, the role of IIBF has undoubtedly
been pioneering in keeping the bankers updated and upgraded. IIBF has been a professional
body of Banks, Financial Institutions and their employees in India with 9,66,718
ordinary members as at FY 2020-21. An ISO 9001:2015 Certified company, IIBF is managed
by a Governing Council consisting of representatives from RBI, SBI, IBA, major Public/Private
Sector Banks, Cooperative Banks, Small Finance Banks and Academician/s from IIT,
The range of activities of the Institute are:
Confucius, the wise Chinese philosopher, once said, “Knowledge without
practice is useless. Practice without knowledge is dangerous.”
Undoubtedly, for a knowledge-oriented industry like Banking and Finance, it is an
absolute necessity for a Banker to acquire, consistently build upon and update his/her
knowledge base to function effectively, as per the evolving expectations of the
industry. IIBF plays the significant role of being the knowledge partner for the
banking fraternity. Primarily recognised as the premier education and certification
body with a penchant for absolute quality in terms of content coverage & delivery,
the Institute currently conducts certifications for 3 flagship courses, 6 Diploma-level
courses, 23 Certificate courses, 6 blended courses in specialised domains and an
Advanced Management Programme in collaboration with IIM-Calcutta.
The flagship courses of the Institute, namely JAIIB & CAIIB, provides the practicing
Bankers the fundamental knowledge base on Banking and still remains, till date,
the most sought-after qualification in Banking in India. The Certificate courses
provide the common denominator knowledge and also assists the practising Bankers
to constantly broaden one’s boundary of knowledge through courses like Emerging
Technologies and Strategic Management in Banking. Additionally, through its Continuing
Professional Development Programmes, IIBF encourages the Bankers to demonstrate
self-development by continuous learning, in an increasingly competitive professional
domain. The capacity building courses on specialised areas like Treasury, Credit,
Risk Management, Accounting etc. as mandated by Reserve Bank of India are delivered
in a blended mode i.e. an on-line examination and mandatory classrooms sessions
in-built, to ensure 360-degree learning. All of these courses are meticulously designed
and delivered in line with changing contours of Banking and Financial services sector.
e-Learning is fast becoming the preferred mode of learning, especially for working
professionals across the industry. The Institute has been proactive in assimilating
e-Learning in its pedagogical repertoire. The e-Learning modules developed by the
Institute have been accepted and recognised by the banking fraternity for the following
- Simple and interactive user interface
- Wide range of subject-coverage
- Enables to learn at one’s own pace
- Content driven to impart complete knowledge
- Exercises to test learning skills
- Customisable to suit Bank’s requirements
These e-Learning modules have been made available for individual members and non-members
as well as institutional members like banks at a nominal cost, duly customised for
on-boarding of new inductees if required.
Given the pandemic-led disruptions, the Institute has been conducting certain key
examinations in the remote-proctored mode for greater reach & operational efficiency.
The Institute also happens to be the sole certifying body for Business Correspondents
(BCs) & Debt Recovery Agents (DRAs).
Training sessions organised by IIBF provide a platform to the practising Bankers
to share their knowledge & practical experiences with industry peers and also
an opportunity to keep pace with the changes in the prevalent regulations in the
entire Banking & Financial Services sector. IIBF has been conducting both Open
and Customised Training Programmes on a regular basis, on a plethora of Banking
subjects like Treasury, Credit, Risk Management, International Trade, Retail Banking,
Compliance, Audit, Cyber Crime, etc., to name a few.
The programmes organised by the Institute have been appreciated and recognised for
the quality of content and mode of delivery, by all the participating banks and
financial institutions. The faculty members of the Institute being very accomplished
Bankers themselves, the sessions have been practical and relatable to the participating
audience and hence, have been held in high esteem for their inherent applied nature.
Some of the lectures are uploaded in the Institute’s designated portal, so
that the interested candidates may access whenever required.
IIBF, in addition to the regular training programmes, has also been conducting Leadership
Development Programmes in coordination with XLRI, Jamshedpur and Strategic Training
Programmes with JBIMS, Mumbai.
- Research and Publications
“Research is creating new knowledge.” –
IIBF has been promoting active research in Banking & Finance domain with the
objective of developing analytical minds with pertinent ideas, capable of positively
contributing to the overall developmental process of the industry. the Institute
offers the following research schemes to bankers/academicians to encourage them
to undertake research in the banking & finance domains:
- Macro Research
- Micro Research
- Diamond Jubilee & CH Bhabha Banking Overseas Research Fellowship
- Scheme for Research in Banking Technology (Jointly with IDRBT)
The Institute encourages peer-review and offers scholarships and monetary supports
to the deserving researchers. The research activities sponsored by IIBF have seen
encouraging responses from top B Schools and IITs.
As for publications, IIBF regularly brings out two publications, namely the IIBF
Vision and Bank Quest. Bank Quest, published quarterly, has been included in the
Group B of UGC CARE list of Journals and it provides continuous professional knowledge
to the bankers through publication of relevant articles by experienced professionals.
IIBF vision, published monthly, documents the important changes in the Banking &
Finance domain and is an effective platform for knowledge-sharing for the banking
Besides the above, IIBF has been curating & publishing its own books for all
of its Academic programmes. These books have been appreciated by the industry for
their depth in coverage, while maintaining a rather lucid authoring interface. Needless
to say, these books are authored by very experienced Bankers/Academicians to ensure
quality and updated content.
- Seminars/Memorial Lectures
IIBF also conducts Memorial Lectures/Seminars/Webinars on contemporary topics for
the benefit of the banking fraternity. The two prestigious Memorial Lectures
being conducted by IIBF are the Shri R K Talwar Memorial Lecture and the Sir Purshotamdas
Thakurdas Memorial Lecture. Several well-known luminaries have delivered these Lectures
over the years. As in 2021, Dr. Krishnamurthy.V. Subramanian, Chief Economic Advisor,
Government of India has delivered the last edition of Shri R K Talwar Memorial Lecture
and Shri Supratim Bandyopadhyay, Chairperson, PFRDA graced the podium for Sir PTML
The Institute regularly extends its consultancy services to Institutes/Organisations
located in foreign countries in the area of capacity building in Banking & Finance.
Consultancy assignments were undertaken by IIBF for banks/training institutions
located in Zambia, Papua New Guinea, Nepal, Bhutan, Botswana, etc.
IIBF, for certain courses, has entered into collaborations with well recognised
organisations, keeping in mind the constant need to add academic and professional
value to the participants. The key national collaborations are tabulated as below:
Name of the Course
Foreign Exchange Operations
Certified Compliance Professional
Certified Treasury Professional and Diploma in Treasury, Investment & Risk Management
Resolution of stressed assets of banks with emphasis on IBC,2016
- a) Founder Member of GBEStB
At one of the World Congress of Banking Institutes held in Lagos, Nigeria, Banking
Institutes representing around 25 countries, launched the Global Banking Education
Standards Board (GBEStB). The GBEStB which is a voluntary, industry-led initiative,
aims to develop clear, internationally agreed standards for the education of Professional
Bankers. IIBF is one of the founder members of GBEStB.
- b) Collaboration with Chartered Banker Institute, UK
The Institute has entered into a Mutual Recognition Agreement (MRA) with the Chartered
Banker Institute, U K, offering a pathway for the Junior Associate of Indian Institute
of Bankers (JAIIB) and Certified Associates of the Indian Institute of Bankers
(CAIIB) from India, to have their qualifications recognised by the Chartered Banker
Institute and be able to become Chartered Bankers.
- c) Collaboration with Chartered Institute for Securities & Investment, London
IIBF has collaborated with Chartered Institute for Securities & Investment,
London for IIBF’s course on Certificate in Risk in Financial Services (CRFS).
The candidates who have cleared the CRFS examination conducted by the Institute
are eligible to apply for CISI’s Level II examination.
- d) Collaboration with GARP
IIBF entered into a collaboration with GARP (Global Association of Risk Professionals)
to offer the FRR course, aimed at benefitting the risk professionals with respect
to the current challenges faced and opportunities available for the bankers.
Professional Banker Programme
In order to meet the twin objectives of bridging the skill gaps and having a system
of continuous professional development, a gold level aspirational qualification
called “Professional Banker” has been introduced by the Institute.The
“Professional Banker” programme has been designed carefully based on
series of discussions with the top management of banks. The concept is based on
the job family being adopted by various banks. This will open an opportunity to
the bankers to attain specialisation in any of the tracks and will prove beneficial
for the organisation too.The path to being a professional banker is diagrammatically
Advanced Management Programme with IIM-Calcutta
IIBF conducts Advanced Management Programme (AMP), a management course for working
Officers and Executives from the Banking / Financial Sector in collaboration with
IIM-Calcutta. The programme covers the entire spectrum of Banking / Financial Management
subjects and aims at upskilling the Future Leaders in the Banking and Finance domain.
The candidates for the Programme are either sponsored by the participating Banks/Financial
Institutions or are self-sponsored.
Henry Ford, the visionary industrialist, once famously remarked,
“Anyone who stops learning is old, whether at twenty or eighty. Anyone
who keeps learning stays young.”
In that same spirit of consistent growth through quality education, IIBF has always
endeavoured to maintain a quality benchmark for all the Bankers of the nation to
achieve, so that the entire sector may live up to the changing expectations of the
times. IIBF has truly been the pioneer in banking education in India.
The Financial sector in India is in a constant state of flux, with ground-breaking
new technologies ushering in a paradigm shift. Knowledge, as always, is widely acknowledged
to be the proverbial silver-bullet. At this juncture, as the Institute closes in
to a well-deserved ‘Century’ in the service of the banking fraternity,
IIBF is already in the process of re-discovering itself as a new-age academic organization
with redesigned academic programmes and cutting-edge pedagogical tools, in an endeavour
to offer a wholesome learning experience to the Banking fraternity and to stay by
the side of the Bankers as the ever-trusted learning partner, as they move forward
in their professional career.