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IIBF Full Form, Membership and Courses

  • May 14, 2025
  • Update date: June 08, 2025
  • Dushyant Sharma

IIBF full form is Indian Institute of Banking and Finance. This Institute was established in 1928 under the Companies Act 1913. Back then, it was known as Indian Institute of Bankers. IIBF is a professional body of banks, financial institutions and their employees in India.

What is the Full Form of IIBF?

IIBF full form is Indian Institute of Banking and Finance. It was founded in 1928 as a company under Section 26 of Companies Act 1913. It was formerly known as the Indian Institute of Bankers (IIB). IIBF serves as a professional body representing banks, financial institutions and their employees across India. IIBF’s vision is to be the leading organization in nurturing skilled professionals in the banking and finance sectors. Its mission focuses on building qualified and competent banking and finance professionals through a range of services including education, training, examinations, consultancy and ongoing professional development.

IIBF is governed by a Council composed of representatives from key institutions such as the Reserve Bank of India, Indian Banks’ Association, major public and private banks, the Institute of Banking Personnel Selection and academic experts from IIT Bombay. IIBF’s operations are overseen by a Chief Executive Officer (CEO), supported by a Deputy CEO and directors for Operations, Academics and Training.

In a field driven by knowledge, IIBF has played a vital role in equipping banking professionals with up-to-date skills and expertise. As of the financial year 2020–21, the Institute had 966,718 ordinary members. It is an organization with ISO certification. This certification reflects the institution’s commitment to educational quality and professional development.

Types of IIBF Membership

IIBF offers four different classes of membership i.e., ordinary membership, associate membership, fellow member and institutional. Let’s understand each IIBF membership:

  • Ordinary Membership: This membership is available to employees working in recognized banking / financial institutions across India, including both public and private sector banks as well as the Reserve Bank of India.

  • Associate Membership: This membership serves as a step toward securing Fellow Membership of IIBF. To qualify for the associate membership, the applicant must mandatorily have passed the CAIIB Examination and be the institute’s life member. Also, they must have held Associate Membership for at least two years, currently occupy a position equivalent to Deputy General Manager or higher in a public sector bank or financial institution and submit an application approved by the CMD or Chief Executive of their organization.

  • Fellow Membership: To be eligible for Fellow Membership, a candidate must have successfully completed the CAIIB Examination and be a life member of the Institute. They should have served as an Associate Member for a minimum of two years and currently hold a role equivalent to Deputy General Manager or above in a public sector bank or financial institution. The application must also be approved by the CMD or Chief Executive of the respective organization.

  • Institutional Membership: The selection of Institutional Members is governed by Article 8A or the Articles of Association. Institutional Members include banking entities from both the public and private sectors, such as the Reserve Bank of India, State Bank of India, other central and state-level financial institutions, co-operative banks and any other organizations approved by the Council.

Certification Courses Offered by IIBF

IIBF certificate courses include the following:

  • Card Operations (for Employees of I.T. and BPO Companies)

  • Junior Associate of Indian Institute of Bankers (JAIIB)

  • Diploma in Banking and Finance (DBF) 

  • Certified Associate of Indian Institute of Bankers (CAIIB)

  • Functions of Banks (for Employees of I.T. and BPO Companies)

  • Basics of Banking (for Employees of I.T. and BPO Companies)

  • Certification in Strategic Management & Innovations in Banking

  • Certification in Emerging Technologies

  • Certificate Examination in MSME

  • Certificate Course In Digital Banking

  • Introduction to Banking(for sub-ordinate staff of banks)-IN ENGLISH AND HINDI MEDIUM

  • Certificate Course for Non-Banking Financial Companies

  • Certificate Examination For Small Finance Banks

  • Certificate Course in Ethics in Banking

  • Business Correspondents / Facilitators – [for Payments Banks – Module A and Module B]

  • Course for Specialists Officers of Bank

  • Certificate In International Trade Finance

  • Certificate Course on Resolution of Stressed Assets with Special Emphasis on Insolvency and Bankruptcy Code, 2016 for Bankers

  • Certificate Examination In Information System Banker

  • Certificate Examination in AML/KYC

  • Customer Service & Banking Codes and Standards

  • Certificate Examination In IT Security

  • Certificate Examination In Rural Banking Operations

  • Certificate Examination In Prevention Of Cyber Crimes And Fraud Management

  • Certificate Examination In Foreign Exchange Facilities For Individuals

  • Certificate Examination In Microfinance

  • Certificate Examination For DRA

  • Certificate Examination For DRA Telecallers

  • Business Correspondents / Facilitators

  • Certificate Course In Foreign Exchange

Career Prospects After Gaining IIBF Certificate

Earning an IIBF certificate can significantly enhance your career prospects in the banking and financial services sector. Professionals with an IIBF qualification become eligible for a variety of roles including:

  • Financial Analyst 

  • Financial Manager 

  • Investment Banker

  • Auditor

  • Financial Advisor

  • Loan Officer 

  • Broker

  • Budget Analyst

These key roles are in demand across commercial banks, investment firms, insurance companies and firms offering financial advisory services. 

Frequently Asked Questions (FAQs)

Q1. What does IIBF stand for?

A. IIBF stands for the Indian Institute of Banking and Finance.

Q2. What is IIBF registration?

A. IIBF registration means the process through which individuals register with the Indian Institute of Banking and Finance. This registration allows individuals to gain access to IIBF’s various professional courses, certifications and membership benefits. For appearing in IIBF exams like JAIIB, DBF and CAIIB, obtaining IIBF is a must.

Q3. What are the flagship IIBF certificate courses?

A. The flagship IIBF certificate courses include the Junior Associate of the Indian Institute of Bankers, abbreviated as JAIIB, and its equivalent Diploma in Banking and Finance, abbreviated as DBF, as well as the Certified Associate of the Indian Institute of Bankers, abbreviated as CAIIB.

Q4. What are the different types of IIBF memberships?

A. IIBF offers four main types of membership: Ordinary Membership, Associate Membership, Fellow Membership and Institutional Membership.

Q5. Is IIBF a government organization?

A. No, IIBF is not a government entity. It is an autonomous professional body formed by banks and financial institutions in India. It operates as a non profit company under the Companies Act. 

Q6. When was IIBF established?

A. The Indian Institute of Banking and Finance was established in 1928 under the name Indian Institute of Bankers. It was modeled after the London Institute of Banking and Finance. It was formed with the aim of setting standards and certifying professionals in the banking industry.

Q7. Who is the President of IIBF?

A. As of 13 May 2025, the President of IIBF is Shri M V Rao, who is the Managing Director & CEO, Central Bank of India.

Q8. Who is the Vice President of IIBF?

A. As of 13 May 2025, the Vice Presidents of IIBF are Shri Debadatta Chand, Managing Director & CEO, Bank of Baroda and Shri. Challa Sreenivasulu Setty, Chairman, State Bank of India. 

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Author: Dushyant Sharma
Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.

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