BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
IBA was set up in____with 22 members to discuss issues of common interests.
A
1946
B
1955
C
1934
D
1921
Explanation: 

Detailed explanation-1: -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.

Detailed explanation-2: -Currently 247 banking companies are under Indian Banks’ Association (IBA). IBA was established in 1946. Initially IBA had 22 banks as its members. IBA is based out of Mumbai, it is an association of Indian banks and financial institutions.

Detailed explanation-3: -IBA is an association of Indian banks and financial institutions. It is the representative body of management of banking in India that is operating in India. Indian Bank Association was formed on September 26 1946, in Mumbai.

Detailed explanation-4: -IBA.-Indian Banks’ Association.

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