The Indian Banks' Association (IBA) plays a pivotal role in the Indian banking sector, fostering a collaborative environment for its member banks. While IBA itself doesn't directly recruit for banking operations in the traditional sense like individual banks, it facilitates various initiatives and conducts examinations that impact recruitment indirectly. Aspirants interested in joining the banking fraternity through competitive exams often find valuable information related to industry standards and sometimes specific roles facilitated or recognized by IBA.
About Indian Banks Association
Indian Banks' Association (IBA), formed on (26 September 1946) as a representative body of management of banking in India operating in India - an association of Indian banks and financial institutions based in Mumbai. With an initial membership representing 22 banks in India in 1946, IBA currently represents 247 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.
Indian Banks' Association is managed by a managing committee, and the current managing committee consists of one chairman, 3 deputy chairmen, 1 honorary secretary and 26 members.
Official Address
Contact Information
- 91-22- 22174040
- 91-22-22184222
- Visit Official Website
This organization has released 2 recruitment notifications in the last 3 years.
Expired / Closed Notifications
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Indian Banks Association (IBA) Invites Application for Manager Recruitment 2024Closed: Jun 12, 2024
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Indian Banks Association (IBA) Invites Application for Manager Recruitment 2022Closed: Nov 18, 2022
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Indian Banks Association Invites Application for Advisor Recruitment 2022Closed: Aug 12, 2022
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Indian Banks Association Invites Application for Manager Recruitment 2022Closed: May 31, 2022
About Indian Banks Association Careers
| Details | The Indian Banks' Association (IBA) is a representative body of banks in India. It acts as a forum for banks to address common issues and facilitate cooperation. While direct recruitment for traditional banking roles is done by individual member banks, IBA participates in industry-wide discussions and sometimes facilitates standardized recruitment processes or examinations relevant to the banking sector. |
| Type | Industry Association |
| HQ | Mumbai, Maharashtra |
| Entry Gateways | Primarily through competitive examinations conducted by individual member banks (e.g., IBPS PO, Clerk, Specialist Officer exams) as per their specific recruitment notifications. IBA may also be involved in discussions or setting standards for entry-level roles across the industry. |
| Salary Range | Varies significantly by individual banks and specific job roles. Entry-level positions in public sector banks often range from ₹35,000 ₹45,000 per month (Level-6 to Level-7), with significant scope for growth. |
Organization Overview
The Indian Banks' Association (IBA) was formed by the banking industry to foster and consolidate healthy development in the banking sector. It represents all public sector banks, private sector banks, and foreign banks operating in India. IBA's primary functions include promoting professional standards, facilitating communication between banks and the Reserve Bank of India (RBI), and contributing to policy formulation. It plays a crucial role in industry-wide negotiations on wages and working conditions.
Key Job Profiles
While IBA itself does not directly recruit for operational banking roles, the competitive exams it may influence or standardized tests like IBPS are key to securing positions in the banking sector. Common profiles include:
- Probationary Officer (PO)
- Clerical Cadre Staff
- Specialist Officers (IT, Law, HR, Marketing)
- Branch Managers
- Various other administrative and support roles in member banks.
Salary & Benefits
Salaries in the banking sector, particularly in public sector banks, are structured according to scales and pay commissions. Benefits typically include Dearness Allowance (DA), House Rent Allowance (HRA), travel allowance, medical aid, and pension schemes. The pay scales are competitive and increase with experience and promotions, offering a stable and rewarding career path.
Selection Process
The selection process for banking jobs is typically rigorous and multi-staged, often involving:
- Preliminary Examination (Objective)
- Main Examination (Objective and Descriptive)
- Interview
- Document Verification
Specific processes may vary depending on the recruiting bank and the position being advertised.
How to Crack IBPS Exams (relevant to IBA influence)
1. Understand the Syllabus & Exam Pattern: Thoroughly analyze the official syllabus for the specific exam (e.g., IBPS PO, Clerk). Understand the weightage of each section and the types of questions asked.
2. Strong Foundation: Build a solid understanding of fundamental concepts in Quantitative Aptitude, Reasoning Ability, English Language, and General Awareness/Banking Awareness.
3. Consistent Practice: Solve a variety of questions daily. Focus on accuracy and speed. Practice mock tests regularly to simulate exam conditions and identify weak areas.
4. Time Management: Develop effective time management strategies during mock tests. Learn to prioritize questions and allocate time judiciously to each section.
5. Revision: Regularly revise all topics, especially those you find challenging. Current affairs and banking awareness require continuous updates.
6. Stay Updated: Keep abreast of current events specifically related to the banking and financial sector.
All details are sourced from official notifications. MySarkariNaukri.com provides informational guidance only and is not affiliated with any government agency.
Verification Source: https://www.iba.org.in/
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