Indian Institute Of Bankers To Change Name To IIBF

Coimbatore, August 22: | Updated: Aug 23 2003, 05:30am hrs
To signify its revamped and enlarged role in the field of education in banking and financial sectors, the 75-year old Indian Institute of Bankers (IIB) would be known as Indian Institute of Banking and Finance (IIBF) from next week onwards, a senior official said on Friday.

IIB, primarily focusing on examination for bankers, would widen and reorganise its activities to other segments of finance like security and mutual funds, RH Sharma, CEO of IIB disclosed this at a seminar on expanding horizon of banking and finance here.

He was giving details of activities and new initiatives of IIB at the seminar.

With re-engineering of its activities in tune with paradigm change in the financial sectors, IIB had obtained approval from the centre and would move a special resolution at its annual general meeting on Aug 28 to change the name to IIBF, he said.

The institute would shortly come out with an electronic newsletter, an information service, to enable bankers and financial service professionals to keep pace with the latest development, which would not only be informative but also interactive in nature, Mr Sharma said.

This fee-based service would also function as a query based call centre, and replies would be provided within 72 hours on topics related to banking and finance, he said.

The institute has also tied up with various management institutes in the country to provide strategic management programmes to professionals, he said. (PTI)