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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.

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