MoU -Signed - between IIBF and National Co-operative Union of India (NCUI) / National Council for Co-operative Training (NCCT) on 29.05.2008

Signing of MOU between IIBF and National Co-operative Union of India (NCUI) / National Council for Cooperative Training (NCCT) on Thursday, 29th May 2008.

The Institute has recently developed a distance learning course exclusively for the Urban Co-operative Banks called 'Advanced Diploma in Co-operative Banking' to enable them to develop competent personnel over the years. The Institute has published exclusive courseware for this course through Macmillan India limited on (i) Principles & Law of Co-operative Banking (ii) Co-operative Banking Operations, and (iii) Technology, Risk Management & Regulation of Co-operative Banks.

In order to make available classroom support to graduates/employees of co-operative banks in various parts of the country, this MOU is signed with National Co-operative Union of India / National Council for Co-operative Training, New Delhi for offering classroom support to the candidates of the course through Regional Institutes of Co-operative Management situated in various parts of the country.

Mrs. Usha Thorat, Deputy Governor, Reserve Bank of India presided over the MOU signing ceremony held on 29 May 2008 at 10.15 AM at the Council Room , Indian Institute of Banking & Finance, Tower 4, Arcade, World Trade Centre, Cuffe Parade, Mumbai. 400 005. While congratulating both the Institutions for this novel initiative, she observed that this timely tie up will help the Urban Co-operative Banks to build the competence level of the people working in that sector . She also expressed a desire that the Institute should develop an appropriate course for Directors of the Co-operative Banks.

Shri Bhagawati Prasad, Director General of NCCT and Shri R Bhaskran CEO, IIBF singed the MOU on behalf of their respective Institutions. The first exam under the same will be held in December 2008.