Indian Banks' Association

Indian Banks' Association (IBA), formed on 26 September 1946 as a representative body of management of banking in India operating in India - an association of Indian banks and financial institutions based in Mumbai.[1] With an initial membership representing 22 banks in India in 1946, IBA currently represents 237 banking companies operating in India. IBA was formed for development, coordination and strengthening of Indian banking, and assist the member banks in various ways including implementation of new systems and adoption of standards among the members.[2][3]

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 October 18 2019, State Bank of India's Chairman Mr. Rajnish Kumar was elected as the new chairman of IBA. [4] Raj Kiran Rai, MD & CEO of Union Bank of india, Madhav Kalyan CEO of JP Morgan Chase Bank and CH S.S. Mallikarjuna Rao of Punjab National Bank were elected as Deputy chairman . Rakesh Sharma MD & CEO of IDBI Bank was elected as the honorary secretary for 2019-20. The Chief Executive of Indian Banks' Association is SUNIL METHA. Managing director of IBA is Mahabaleshwar MS.

Managing committee

The banks which are members of the managing committee of the IBA include:[5][6]

References
  1. "Indian Banks' Association". Iba.org.in. 23 April 2005. Retrieved 4 November 2011.
  2. Indian Banking 2020. Making the Decade’s Promise Come True (PDF). Retrieved 1 August 2015.
  3. Fair practice Standards. Fair Practice Code (PDF). Retrieved 1 August 2015.
  4. https://www.thehindu.com/business/rajnish-kumar-is-new-iba-chairman/article29738120.ece. Missing or empty |title= (help)
  5. Times of India. "IBA to sign wage revision pact with banks unions". Retrieved 1 August 2015.
  6. India Today. "Banks see Rs 4,725 cr outgo as staff get 15% wage hike". Retrieved 1 August 2015.

categories: Banking in India | Consumer protection in India


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