Indian Banks' Association

The Indian Banks' Association (IBA), formed on (26 September 1946), is an unregistered, voluntary association of like-minded banks and individuals in India —an representative body of Indian banks and financial institutions based in Mumbai. With an initial membership of 22 banks in India in 1946, IBA currently represents 247 banking companies operating in India. IBA was formed for the development, coordination, and strengthening of Indian banking and to assist the member banks in various ways, including the implementation of new systems and the adoption of standards among the members.

Indian Banks' Association is managed by a managing committee, and the current managing committee consists of one chairman, 3 deputy chairmen, 1 honorary secretary and 26 members.

On 20 November 2020, Union Bank of India's MD & CEO Rajkiran Rai was elected as the new Chairman of IBA. Dinesh Khara, Chairman of State Bank of India; Madhav Nair, Country Head & CEO of Mashreq Bank; and S. S. Mallikarjuna Rao, MD & CEO of Punjab National Bank, were elected as deputy chairmen. Rakesh Sharma, MD & CEO of IDBI Bank, was elected as the Honorary Secretary for 2020–21. The Chief Executive of IBA is Sunil Mehta, and chief executive Gopal Bhagat.On 14th October 2021, Managing Committee of IBA elected Shri Goel as Chairman of IBA.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.