How many banks are under IBA?

Currently 247 banking companies are under Indian Banks’ Association (IBA). IBA was established in 1946. Initially IBA had 22 banks as its members. IBA is based out of Mumbai, it is an association of Indian banks and financial institutions. You can read about the RBI – Know About Reserve Bank of India in the given link.

Further readings:

  1. Bad Banks – Idea Proposed by Indian Banking Association (IBA) Due to COVID-19
  2. Indian Economy Notes For UPSC

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