The Indian Institute of Bankers (IIB) is in the process of constituting a Banking Standards Development Board (BSDB).
The objective of the body is to establish a benchmark in banking activity as is the practice abroad.
Besides, IIB has lined up a slew of activities including the launch of a portal to introduce diploma courses.
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The institute is also tying up with foreign institutes for diploma courses in financial management with the aid of computer programming.
Addressing a bankers' meet on Wednesday, IIB chief executive officer R H Sarma said, "To enable financial decision-making, we are developing a software, which will be the training tool."
The development of the portal will be done through collaboration with suitable strategic partners. It will help in online banking exams, recourse to libraries, exchanging experiences, organising online seminars.
To encourage "thinking bankers", Sarma said that micro-level research will be an important tool in the thinking ability of bankers.