In my last communication, I had mentioned about your Institute’s successful completion of 90 years of service to the banking & finance industry. This is a moment of pride for all of us. This feat would not have been possible without the active support of each one of you. We at the Institute are thankful to all of you for your continued support. I am also sure, your unstinted cooperation will continue in the years to come.
Let me now take this opportunity to share with you some of the recent developments at the Institute.
An International Conference is being organised by your Institute on 25th September 2018 at Hotel Trident, Bandra-Kurla Complex, Mumbai. The theme of the conference will be “Banking: Stepping into the next decade.” The inaugural session of the conference will be followed by two panel discussions on “CEO Speaks” and “Economist Speaks”. Further, the prestigious Sir PTM Lecture (35th Lecture) will also be held at 4.00 pm on the same day as part of the conference. Dr. Tarun Khanna, Jorge Paulo Lemann Professor, Harvard Business School & Director, Lakshmi Mittal South Asia Institute, Harvard University will be delivering the Lecture on the Topic “Trust as the foundation for finance”. The details of the conference are available on the website of the Institute.
Visitors to the Institute
A team of senior bankers from Nepal visited the Institute on 5th June 2018 as a part of their study visit. This team was led by Nepal Banking Institute.
Global Banking Education Standards Board (GBEStB)
The GBEStB is a voluntary, industry-led initiative founded by many of the world’s leading banking institutes. It aims to develop clear, internationally agreed standards for the education of Professional Bankers. IIBF is a founder member of the GBEStB and CEO, IIBF is the Vice-Chair of the Global Education Standards Committee. This Committee has already developed a standard for Ethics Education and Training for Professional Bankers.
Capacity Building in banks
The courses offered by the Institute in the areas of Treasury Operations, Risk Management and Credit Management, which have been identified by RBI under the capacity building exercise of banks, are blended in nature with an online examination followed by training for such of those candidates who successfully clear the online examination.
I am now happy to inform that the Institute has introduced a course covering the accounting and audit functions. With this, the Institute has the full coverage of all the areas identified by RBI under the capacity building exercise of banks.
Mutual Recognition Agreement with the Chartered Banker Institute, Edinburgh, U.K
The Institute has signed a Mutual Recognition Agreement with The Chartered Banker Institute, Edinburgh. Under this agreement, “Certified Associates of the Indian Institute of Bankers” (CAIIB) from India will have their qualifications recognised by the Chartered Banker Institute, and will be able to become Chartered Bankers by studying the Institute’s Professionalism, Ethics & Regulation Module and successfully completing a reflective assignment. I would urge upon all the members to avail this opportunity of acquiring a global qualification.
As a part of the Member Education Initiatives of the Institute, a seminar on “Professionalism & Ethics” was organised by the Institute in association with the Chartered Institute for Securities & Investment, London on 22nd June 2018 at the corporate office of the Institute. The programme was well received.
Annual General Meeting, 2018
The 91st Annual General Meeting of the Institute was held on Saturday, 21st July 2018 at 4.00 P.M. at the Institute’s Corporate Office, Mumbai.
The R.K. Talwar Memorial Lecture was held on 8th August 2018. Dr. Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister and Member NITI Aayog, delivered the Lecture; the topic being “The Reform Agenda”
Virtual Classroom Solution
The Institute has acquired a software for conducting training through the Virtual Classroom mode. This enables the Institute to disseminate the training inputs to a larger audience without diluting quality. The trainings for Certified Credit Professionals and Certificate in Risk in Financial Services are currently being offered in this mode. For the course on Certified Treasury Professional & Certified Accounting & Audit Professional, the Institute shall make the Virtual class room Training solution available from the July 2018 examination. Kindly visit our website for more details.
New Course on Ethics in Banking
The Institute, which constantly endeavours to introduce courses which are contemporary and need based, will now introduce a separate certificate course titled “Ethics in Banking.” The courseware is under preparation and the first exam on the subject will be held in January 2019.
Mock Test facility for Examinations
The Institute is offering mock test facility for three of the capacity building courses, namely, Certified Treasury Professional, Certified Credit Professional and Risk in Financial Services, in addition to its flagship courses viz. JAIIB & CAIIB. Any candidate can now take the mock test to familiarize with the examinations.
The Institute is providing e-learning for JAIIB, CAIIB, DB&F, Diploma in Treasury, Investment & Risk Management, Customer Service & Banking Codes & Standards, Anti-Money Laundering/Know Your Customer and Risk in Financial Services Examinations. The e-learning for the above subjects are activated within three working days after registration for the above mentioned examinations.
Video Lectures now available on YouTube
The Institute is providing the facility of video lectures for all the 3 papers of JAIIB and 2 compulsory papers of CAIIB, which are now available on the Institute's official YouTube Channel. For the convenience of the candidates, new video lectures containing the updates for the JAIIB & CAIIB (two compulsory subjects only) have also been made available on the Institute’s official YouTube page in a separate Playlist.
The Institute, apart from conducting training under the capacity building courses, also conducts training programmes under other niche areas. Recently, a programme was conducted for the Law Officers.
Advanced Management Programme
The 7th batch of Advanced Management Programme with 23 candidates started on 22nd July 2018. Collaboration with IIM Calcutta is one of the highlights of the program.
The Institute had received a very good response for its research initiatives from across premium educational institutes, banks & financial institutions. The results under Micro and Macro Research Programmes have been announced. Details are available on the Institute’s website.
The Institute publishes a quarterly journal called “Bank Quest”. Institute will be publishing a special edition of the Bank Quest on the theme “Banking: Stepping into the next decade” for July - September 2018 on the occasion of completing 90 years.
The themes for next issues of “Bank Quest” are identified as:
We request members to contribute articles on the above themes for publication in “Bank Quest”.
The Institute is on Facebook and You Tube. The page has since got over 90,739 likes on various types of posts viz. IIBF / RBI notifications, Quote of the day, Opinion Poll, Greetings, Photos and videos of various events / seminars / conferences conducted by the Institute.
As part of green initiative, the Institute has discontinued sending hard copies of its monthly publication “IIBF Vision” with effect from October-2015 to its members. In case, you have not registered your e-mail id with the Institute, I request you to do so to enable the Institute to send copies of IIBF Vision by e-mail to you in future. You can also download issues of “IIBF Vision” and “Bank Quest” from the Institute’s website.
I welcome suggestions and guidance from the members on various academic and training activities of the Institute.
Dr. J. N. Misra