Indian Institute of Banking and Finance

The institute was founded in 1928 as the Indian Institute of Bankers on the model of the London Institute of Banking and Finance to train bankers and finance professionals. In 1925, with the encouragement of Sir Basit Blackett, the finance member in the executive council of the Viceroy of India, the Imperial Bank of India wrote a letter to The London Institute of Bankers requesting the bank to include questions on Indian banking in the institutes examinations failing which banks in India would have to start their own institute. In a reply dated 25 October 1925, Ernest Sykes, the Secretary of the London Institute of Bankers, encouraged Indian bankers to start their own institute. A detailed discussion was held on the subject at the board room of the Bombay head office of the Imperial Bank of India on 12 March 1927 and the Indian Institute of Bankers was established as a result on 30 April 1928 with Sir Norcot Warren, Managing Governor of the Imperial Bank of India as the first Presid...