CAIIB Stands for Certified Associate of IIB&F. This is advance level Certification and can only be applied by those  who have cleared JAIIB.
This is offered by IIBF (Indian Institute of Banking and Finance). The certification is recognized well by the Indian Banking Industry.

The Certification exam is conducted twice a year generally in May and December.

Currently it Includes Three different papers/exams. The two compulsory exams are:
– Advanced Bank Management
– Bank Financial Management

While the third exam allows the candidate to choose among his or her specialization or area of interest. The options available under this exam includes:

– Corporate Banking
– Rural Banking
– International Banking
– Retail Banking
– Co-operative Banking
– Financial Advising
– Human Resources Management
– Information Technology
– Risk Management
– Central Banking
– Treasury Management

Generally these exams are conducted on weekend.