View source for Indian Institute of Banking and Finance

{{Use dmy dates|date=September 2018}}
{{Use Indian English|date=September 2018}}
{{Advert|date=March 2013}}
{{Infobox company
| name = INDIAN INSTITUTE OF BANKING AND FINANCE
| image = iibf.jpg
| type = 
| founded = {{start date and age|1928||}}
| key_people = {{ubl|Rajkiran Rai G, CAIIB<br />([[President (corporate title)|President]])
}}
| hq_location = Kurla West
| hq_location_city = [[Mumbai]]
| hq_location_country = India||
| website = {{url|www.iibf.org.in}}
}}

The '''Indian Institute of Banking and Finance''' ('''IIBF''') is a [[Government of India|registered public company]] that imparts professional education in banking and finance. <ref name=BusinessLine1>
{{Citation
  | title = Vernacular' drive for financial inclusion launched
  | newspaper = Business Line
  | date = 10 November 2010
  | url = http://www.thehindubusinessline.com/todays-paper/tp-money-banking/article1008879.ece
  | accessdate = 26 April 2011}}
</ref>  It is known for its [[flagship]] courses, the '''Junior Associate of Indian Institute of Bankers (JAIIB)/Diploma in Banking and Finance (DBF)''' and the '''Certified Associate of Indian Institute of Bankers (CAIIB)'''. It is one of the two [[statute|banking education body]] for [[Bankers]] in India, the other body being [[National Institute of Bank Management]]. With its membership of over 700 banks and financial institutions as institutional members and about 300,000 of their employees as individual members, IIBF is the largest Institute of its kind in the world.

== History ==

The institute was founded in 1928 as the Indian Institute of Bankers on the model of the [[London Institute of Banking and Finance]] to train bankers and finance professionals. In 1925, with the encouragement of [[Basil Blackett (civil servant)|Sir Basil Blackett]], the finance member in the executive council of the [[Viceroy of India]], the [[Imperial Bank of India]] wrote a letter to The London Institute of Bankers requesting the bank to include questions on Indian banking in the institute's examinations failing which banks in India would have to start their own institute. In a reply dated 25 October 1925, [[Ernest Sykes (banker)|Ernest Sykes]], the Secretary of the London Institute of Bankers, encouraged Indian bankers to start their own institute. A detailed discussion was held on the subject at the board room of the Bombay head office of the Imperial Bank of India on 12 March 1927 and the Indian Institute of Bankers was established as a result on 30 April 1928 with [[Sir Norcot Warren]], Managing Governor of the Imperial Bank of India as the first President.  Sir Warren retired shortly afterwards and was succeeded by [[Sir Norman Murray]]. The first general meeting was held at Bombay on 9 July 1928 and the institute conducted its first associate examinations between 6 and 13 April 1929. A total of 89 candidates appeared for the examination of whom, only one, T. M. Srinivasaraghavan of the Imperial Bank of India, Cuddapah passed both parts of the two-part examination.

== Academics ==
* The Flagship Courses of IIBF are '''JAIIB''' or its equivalent  '''DBF''' and '''CAIIB'''.
* Other courses offered are 
Diploma in Treasury Investment & Risk Management, 
Diploma in International Banking & Finance, 
Diploma in Banking & Technology, 
Diploma Examination for Micro Finance Professionals, 
Diploma in Comm Derivatives for Bankers, 
Advance Diploma in Urban Co-operative Banking, 
Diploma in Advanced Wealth Management and various Certificate programs.

These are offered in distance mode. The pedagogy of Distance Learning offered by the institute is (i) publishing specific courseware for each paper/examination; (ii) publishing work books; (iii) tutorials through accredited institutions; (iv) contact classes; (v) virtual classes; (vi) e-learning through portal; (vii) campus training for selected courses, etc. The courses are considered to be comprehensive as well as exhaustive and recognized as the best in the field in India.<ref name=telegraph2>
{{Citation
  | title = Tiny sector, big prospects
  | newspaper = The Telegraph
  | date = 18 December 2008
  | url = http://www.telegraphindia.com/1081218/jsp/careergraph/story_10265334.jsp
  | accessdate = 26 April 2011
  | location=Calcutta, India
  | first=Untouched
  | last=By}}
</ref>

== Governing council ==
The IIBF governing council consist of members/representatives from the [[Reserve Bank of India]], [[Public sector banks in India|Nationalised Banks]], [[Regional Rural Bank|Regional Rural Banks]], Apex Cooperative Banks , [[All India Financial Institutions]], [[development finance institution]]s and [[private bank]]s. The Education and Research Committees of the Institute consist of eminent practitioners in the field. Its highest official is designated as the  '''President''' which is held by the '''Chairman''' of any of the [[Public sector banks in India|nationalised banks]] in India.   <ref name=telegraph1>
{{Citation
  | title = Bully banks face double leash
  | newspaper = The Telegraph
  | date = 1 December 2007
  | url = http://www.telegraphindia.com/1071201/asp/frontpage/story_8615381.asp
  | accessdate = 26 April 2011
  | location=Calcutta, India}}
</ref>

==Notes==
{{Reflist}}

== External links ==
*[http://www.iibf.org.in/ Indian Institute of Banking and Finance]

{{Authority control}}

{{DEFAULTSORT:Indian Institute Of Banking And Finance}}
[[Category:Banking institutes]]
[[Category:Organizations established in 1928]]
[[Category:Education in Mumbai]]
[[Category:Organisations based in Mumbai]]
[[Category:Banking schools in India]]
[[Category:Professional associations based in India]]
[[Category:1928 establishments in India]]