Indian Banks Association

Indian Banks Association

The Indian Banks Association (IBA) was formed on the 26th September, 1946 with 22 members. Today IBA has more than 156 members comprising of Public Sector banks, Private Sector banks, Foreign banks having offices in India, Urban Co-operative banks, Developmental financial institutions, Federations, merchant banks, mutual funds, housing finance corporations, etc.

The functioning of IBA

To promote sound and progressive banking principles and practices.
To render assistance and to provide common services to members.
To organise co-ordination and co-operation on procedural, legal, technical, administrative and professional matters.
To collect, classify and circulate statistical and other information.
To pool together expertise towards common purposes such as reduction in costs, increase in efficiency, productivity and improve systems, procedures and banking practices.
To project good public image of banking through publicity and public relations.
To encourage sports and cultural activities among bank employees.

The Offices of IBA

Stadium House,
Block II & III, 6th Floor,
Veer Nariman Road, Mumbai 400 020.
Tel.:91-22- 22894500, Fax:91-22-22835638

World Trade Centre Complex,
Centre I, Units 1,2 & 4,
6th Floor, Cuffe Parade,
Mumbai-400 005.
Tel.:91-22- 22174040, Telex: 011 85146, Fax:91-22-22184222.
Email: ibalink@bom3.vsnl.net.in

The Organisational Structure of IBA

The Managing Committee manages the affairs, business and funds of IBA. The managing Committee is elected by the Ordinary members of the Association, and is the highest management and policy making body of the Association.

The Chairman of the Association heads upon the working of the Association. He provides guidelines to the Association. The administrative head of IBA is the Chief Executive of IBA. He is also the Secretary to the Managing Committee. He leads a team of executives, officers and other staff members.

The contact details of IBA

At World Trade Centre Complex	Direct Nos.
Legal	91-22-22187946 91-22-22174006
Banking Policy	91-22-22182217 91-22-22174014
Payment Systems	91-22-22182196 91-22-22174013
Banking Operations	91-22-22182247 91-22-22174015
Publicity	91-22-22180821 91-22-22174012
Technology	91-22-22182196 91-22-22174011
Library	91-22-22182288 91-22-22174009
At Stadium House :
Personnel (HR & IR)	91-22-22028525 91-22-22894502 91-22-22831636 91-22-22894501
Administration & Accounts :	91-22-22824846 91-22-22894518

IBA constitutes standing committees/task forces/ small groups/ committees of experts from member banks for the examining of various aspects relating to industry level issues to get solutions.

Recommendations of these groups/committees, are communicated to members with the approval of the managing committee or taken up with the concerned authorities for action.