Indian Institute of Banking & Finance which is a professional body of banks and financial institutions in India, was established on 30th April 1928 as a Limited Company under the Indian Companies Act, 1913 with limited liability without the addition of the word ‘Limited’ to its name at the initiative of few eminent bankers, businessmen and industrialists of India.
The mission of the Institute is to develop professionally qualified and competent bankers and finance professionals primarily through a process of education, training, examination, consultancy/counseling and continuing professional development programs.
The objectives for which the Institute was established are:
1. To facilitate study of theory and practice of banking and finance
2. To test and certify attainment of competence in the profession of banking and finance
3. To collect, analyze and provide information needed by professionals in banking and finance
4. To promote Continuous Professional Development
5. To promote and undertake research relating to operations, products, instruments, processes etc. in banking and finance and to encourage innovation and creativity among finance professionals so that they could face competition and succeed
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