The Indian Institute of Banking and Finance (IIBF) is India's premier institute in banking and finance education, aiming for professional excellence. Indian Institute of Banking & Finance is a professional body of banks, financial institutions and their employees in India. With its membership of over 700 banks and financial institutions as institutional members and about 300000 of their employees as individual members, IIBF is the largest Institute of its kind in the world.
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History
The Institute was originally established in the year of 1928 as a Company under Section 25 of the Indian Companies Act, 1913, and named as The Indian Institute of Bankers (IIB). Afterwards in the year of 2004, it was renamed as Indian Institute of Banking & Finance. The Original Office was located at Cuffe Parade of Mumbai. In 2011, it was shifted to current address of Kurla ( West ) of Mumbai.
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Academics
- The Flagship Courses of IIBF are JAIIB or its equivalent PG Diploma in Banking & Finance (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.
Other activities
As a professional body, IIBF ensures that its members are given updated information about the profession they practice. Towards this end, the Institute offers a daily e-news letter called "Fin @ Quest", a monthly bulletin - "IIBF-Vision", a quarterly journal - "Bank Quest" and Reports based on the Research Studies commissioned by the Institute on the subjects of topical importance to bankers and finance professionals, besides organizing Seminars, Conferences, Lecturers, short duration programs and Management Development Courses in collaboration with leading management institutions, as part of Continuing Professional Development. IIBF has stepped forward in providing online tutorials on most of the exam related subjects to its members.
Collaborations
IIBF has collaboration with (i) Indira Gandhi National Open University (IGNOU) for offering CAIIB-linked MBA in Banking & Finance; (ii) Punjab national bank institute of information technology (PNBIIT) for an Advanced Diploma in Banking Technology; and (iii) Commercial Bank of Ceylon Limited (CBCL) for customized Certificate and Diploma Courses in Banking Studies for the bankers in Sri Lanka. The Institute is having collaboration arrangements with reputed international bodies like Canadian Institute of Bankers; Securities Institute, Australia; World Bank, Washington; American Bankers Association and Asian Institute of Management, Manila and IIMs,IFMR and XLRI,India for offering courses and CPD programmes to banking and finance professionals.
Governing council
The IIBF governing council consist of members/representatives from the Reserve Bank of India, public sector banks, private and foreign banks, important finance related bodies etc. The Education and Research Committees of the Institute consist of eminent practitioners in the field.Shri Ashwani Kumar,also chairman of Dena bank is the present president of IIBF.
Source of the article : Wikipedia
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