Eligibility Criteria for Membership

ABOUT IBA

Any Bank, Corporation, Company or Society

Carrying on the business of, Banking in India
Governed by the Banking Regulation Act, 1949

Shall be eligible to become an Ordinary Member of the Association.

Provided However

that only those Foreign Banks shall be eligible to become Ordinary Members of the Association which are carrying on the business of banking in India through a branch as per the licence given by the Reserve Bank of India,
that only those Co-operative Banks shall be eligible to become Ordinary Members which are Urban Co-operative Banks, working funds of which are at least Rs.50 crores except that the existing Ordinary members not fulfilling the revised eligibility criteria may continue as such or may opt to be associate Members.

Any Society, Association or Organisation, which, in the opinion of the Managing Committee is connected with the banking industry or any financial institution approved by the Managing Committee or any co-operative Bank or Foreign Bank having an office in India not eligible to become an Ordinary Member shall be eligible to become an Associate Member of the association.