IBA AND BCSBI Flashcards
1
Q
WHAT IS IBA
A
Indian Banks’ Association (IBA), formed on 26 September 1946 as a representative body of management of banking in India
Currently represents 237 banking companies operating in India. IBA was formed for development, coordination and strengthening of Indian banking, and assist the member banks in various ways including implementation of new systems and adoption of standards among the members
2
Q
WHAT IS BCSBI
A
BANKING CODES AND STANDARD BOARD OF INDIA
2006, INDEPENDENT,SOC ACT, WATCH DOG OF BANKING INDUSTRY AND PROTECTS COUSTOMERS
3
Q
WHAT IS THE COMBINED INITATVE OF BOTH
A
2 CODES
1 CODE OF BANKS COMMITMENT TO COUSTOMERS
2 CODE OF BANKS COMMITMNENT TO MSME
