What is the full form of "IBA"?
A. International Bank for America
B. Indian Banks' Association
C. Individual Business Administration
D. Insurance Administrative Board
Answer: Option B
Solution(By Examveda Team)
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.Related Questions on Banking Abbreviations
What is the full form of "UTI"?
A. Unit Trust of India
B. United Tax Information
C. Uniform Tax for India
D. Undivided Individual Tax
What is the full form of "UCB"?
A. Union Cooperative Bank
B. Urban Cooperative Bank
C. United Corporation Bank
D. Unique Conveying Basis Points
What is the full form of "UBD"?
A. Undivided Banking Deposit
B. Unified Banking Deviations
C. Urban Banks Department
D. Urban Business Development
What is the full form of "SCB"?
A. Simple Cash Binding
B. Statistical Business Consortium
C. State Cooperative Bank
D. SMB Cooperative Bank
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