The managing committee of Indian Banks’ Association (IBA) has elected State Bank of India (SBI) Chairman CS Setty as the new Chairman of IBA, according to a statement.
The committee also elected Union Bank MD A Maninekhalai, Punjab & Sind Bank MD Swarup Kumar Saha, and Madhav Nair from Bank of Bahrain & Kuwait B.S.C as the three deputy Chairmen at IBA
Karur Vysya Bank MD B. Ramesh Babu has been elected as honorary secretary of IBA. Earlier this month, former Punjab National Bank MD Atul Kumar Goel was elected as the CEO of IBA, succeeding Sunil Mehta.
IBA is the industry body for banks, having members from across public and private sector banks. The industry body holds consultations between bankers and the banking regulator on areas concerning the banking sector.
