What is the role of the Indian banks Association?

IBA is an association of Indian banks and financial institutions. Indian Banking Association (IBA) was formed for strengthening, better coordination and development of the Indian banking system. It helps its members in adoption of standards of implementation of systems. IBA was established in 1946. It is based out of Mumbai. 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

Related Links

SIDBI – Small Industries Development Bank of India & its Functions

Indian Banks’ Association (IBA) – A Brief Overview

Previous Years Economic Mains Questions for UPSC GS-3

Banks Board Bureau For Public Sector Banks – Composition, Functions

List of Different Types of Banks in India

Non Performing Assets (NPA) – Facts for UPSC GS-III

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