Founded in 1965, AIBOC has affilited in all 28 Banks in Public Sector and 16 Banks in the Private Sector Officer's Organisation in 7 State level Co-operative Banks and 62 Regional Rural Banks are also affiliated to AIBOC.
In order to accelerate the pace of consolidation, seperate federations have been set-up for officers of the Private Sector Banks under the banner of AIBOC.
AIBOC has set up State units at the Head Quarters of all States and Union Territories. Those units have in turn set up district units all over the country.
During the last seven years, AIBOC has secured many improvements in the service conditions of Bank Officers. Principal Office-Bearers of AIBOC's affiliates have been appointed as Officer Directors on the Board of Directors of 17 Public Sector Banks.
AIBOC is a major constituent in the co-ordination committee of Employees Associations in the Financial Sector striving to secure pension as a third terminal benefit to officers and employees in Banks, LIC and GIC.
AIBOC also aims at brining about a change in the management system from the present bureaucratic anachronism to a harmonious democratic order.