Indian Institute of Banking and Finance

                                                     Indian Institute of Banking and Finance


 The Indian Institute of Banking and Finance (IIBF) is India’s premier institute in banking and finance education, aiming for professional excellence.^[1] 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.

A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank links together customers that have capital deficits and customers with capital surpluses.

Due to their importance in the financial system and influence on nationaleconomies, banks are highly regulated in most countries. Most nations have institutionalised a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords.

Banking in its modern sense evolved in the 14th century in the rich cities ofRenaissance Italy but in many ways was a continuation of ideas and concepts ofcredit and lending that had its roots in the ancient world. In the history of banking, a number of banking dynasties—notably the Medicis, the Fuggers, the Welsers, theBerenbergs, and the Rothschilds—have played a central role over many centuries. The oldest existing retail bank is Monte dei Paschi di Siena, while the oldest existingmerchant bank is Berenberg Bank.

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 2008, it was renamed as Indian Institute of Banking & Finance. The Original Office was located at Nariman Point of Mumbai. In 2011, it was shifted to current address of Kurla ( West ) of Mumbai.