Financial Daily from THE HINDU group of publications
Saturday, Aug 23, 2003
Financial Daily from THE HINDU group of publications Saturday, Aug 23, 2003 |
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Money & Banking
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Announcements IIB to change name Our Bureau
Coimbatore , Aug. 22 THE 75-year-old Indian Institute of Bankers (IIB) has resolved to change its name as `The Indian Institute of Banking and Finance'. IIB has amended its charter and got the approval for effecting the name change from the Union Government. The IIB board is to meet on August 28 for passing a Special Resolution to this effect. Mr R.H. Sarma, Chief Executive Officer, IIB told Business Line that this was a repositioning exercise. "The Institute had in the last four decades concentrated only on conducting examination (for bankers). In the post-liberalisation era, newer players have emerged and with it the risk factor has also increased. This has compelled the bankers to acquire new skills to face the challenge. The IIB has realised the need to gear up professionals for the morrow," he said. When asked how, Mr Sarma said that IIB identified nearly 150 accredited institutions across the country for taking its programmes forward.
Plans `Information Portal' THE Indian Institute of Bankers (IIB) is planning to launch an `Information Portal' within the next three months. This strategic business unit of the institute would be an interactive one. The contract for developing this portal had been awarded to Sify, Mr R.H. Sarma, CEO, IIB, told Business Line. "We intend to source information from financial dailies, other Web sites and business magazines. The content of the news letter will be customised and focussed, will contain domestic and global news/events, will be segmented into news updates, bank performance, reports, bank-related capital market news, coverage on corporate, retail and investment banking and spotlights as well. ," he said.
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