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 september 1 2018, Punjab National Bank MD & CEO Mr. Sunil Mehta was elected as the new chairman of IBA . Dinabandhu Mohapatra, MD & CEO of Bank of india was elected as deputy chairman. State Bank of India's chairman, Ranjish Kumar, and Federal Bank's managing director, Shyam Srinivasan, will continue as deputy chairmen of IBA. Madhav Nair Country Head and CEO of Mashreq Bank was elected as the honorary secretary for 2018-19.

Managing committee

The banks which are members of the managing committee of the IBA include:[4][5]

References

  1. ↑ "Indian Banks' Association". Iba.org.in. 2005-04-23. Retrieved 2011-11-04.
  2. ↑ Indian Banking 2020. Making the Decade’s Promise Come True (PDF). Retrieved August 1, 2015.
  3. ↑ Fair practice Standards. Fair Practice Code (PDF). Retrieved August 1, 2015.
  4. ↑ Times of India. "IBA to sign wage revision pact with banks unions". Retrieved August 1, 2015.
  5. ↑ India Today. "Banks see Rs 4,725 cr outgo as staff get 15% wage hike". Retrieved August 1, 2015.

categories: Banking in India | Consumer protection in India

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