The Indian Banks' Association (IBA), formed on (26 September 1946), is an unregistered, voluntary association of like-minded banks and individuals in India[1]—an representative body of Indian banks and financial institutions based in Mumbai.[2] 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.[3][4]
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 and CEO Rajkiran Rai was elected as the new Chairman of IBA. Dinesh Khara, Chairman of State Bank of India; Madhav Nair, Country Head and CEO of Mashreq Bank; and S. S. Mallikarjuna Rao, MD and CEO of Punjab National Bank, were elected as deputy chairmen. Rakesh Sharma, MD and CEO of IDBI Bank, was elected as the Honorary Secretary for 2020–2021. 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.
The Indian Banks' Association (IBA) is an unregistered, voluntary association of like-minded banks and individuals.[1] It lacks statutory recognition or legal incorporation. Established on September 26, 1946, initially comprising private banks, it later expanded its membership. Although some banks joined the public sector in 1970, the IBA's operations remained unchanged. Today, its members encompass a diverse range, including Public Sector Banks, Private Sector Banks, Foreign Banks, Urban Co-operative Banks, Asset Reconstruction Companies, Credit Rating Companies, Credit Guarantee Funds, Financial Services Companies, Credit Bureaus, and more.
Managing committeeedit
The banks which are members of the managing committee of the IBA include:[5][6][7]
^ ab(PDF). Archived from the original on 22 October 2020. Retrieved 17 September 2023.{{cite book}}: CS1 maint: bot: original URL status unknown (link)
^. Iba.org.in. 23 April 2005. Archived from the original on 3 January 2012. Retrieved 4 November 2011.
^Indian Banking 2020. (PDF). Archived from the original (PDF) on 5 July 2016. Retrieved 1 August 2015.{{cite book}}: CS1 maint: numeric names: authors list (link)
^Fair practice Standards. Fair Practice Code(PDF). Retrieved 1 August 2015.
indian, banks, association, formed, september, 1946, unregistered, voluntary, association, like, minded, banks, individuals, india, representative, body, indian, banks, financial, institutions, based, mumbai, with, initial, membership, banks, india, 1946, curr. The Indian Banks Association IBA formed on 26 September 1946 is an unregistered voluntary association of like minded banks and individuals in India 1 an representative body of Indian banks and financial institutions based in Mumbai 2 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 3 4 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 and CEO Rajkiran Rai was elected as the new Chairman of IBA Dinesh Khara Chairman of State Bank of India Madhav Nair Country Head and CEO of Mashreq Bank and S S Mallikarjuna Rao MD and CEO of Punjab National Bank were elected as deputy chairmen Rakesh Sharma MD and CEO of IDBI Bank was elected as the Honorary Secretary for 2020 2021 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 Contents 1 Legal Structure 2 Managing committee 2 1 Public Sector Banks 2 2 Private Sector Banks 2 3 Co operative Sector Banks 2 4 Payments Banks and Small Finance Banks 3 References 4 External linksLegal Structure editThe Indian Banks Association IBA is an unregistered voluntary association of like minded banks and individuals 1 It lacks statutory recognition or legal incorporation Established on September 26 1946 initially comprising private banks it later expanded its membership Although some banks joined the public sector in 1970 the IBA s operations remained unchanged Today its members encompass a diverse range including Public Sector Banks Private Sector Banks Foreign Banks Urban Co operative Banks Asset Reconstruction Companies Credit Rating Companies Credit Guarantee Funds Financial Services Companies Credit Bureaus and more Managing committee editThe banks which are members of the managing committee of the IBA include 5 6 7 Public Sector Banks edit Bank of Baroda Bank of India Canara Bank IDBI Bank Indian Bank Indian Overseas Bank Central Bank of India Punjab National Bank State Bank of India UCO Bank Union Bank of India Punjab amp Sind Bank Bank of Maharashtra Private Sector Banks edit HDFC Bank ICICI BANK LTD AXIS BANK LTD Bank of America Citibank City Union Bank JPMorgan Chase Bank Federal Bank Karnataka Bank Mashreq Bank Qatar National Bank South Indian Bank Standard Chartered Bank Co operative Sector Banks edit Saraswat Co operative Bank Ltd NNSB NAGPUR NAGARIK SAHAKARI BANK LTD Nagpur Nagarik Sahakari Bank Ltd MAHESH BANK A P Mahesh Co operative Urban Bank Ltd Payments Banks and Small Finance Banks edit Equitas Small Finance BankReferences edit a b Court Orders RK Jain vs IBA Page 5 PDF Archived from the original on 22 October 2020 Retrieved 17 September 2023 a href Template Cite book html title Template Cite book cite book a CS1 maint bot original URL status unknown link Indian Banks Association Iba org in 23 April 2005 Archived from the original on 3 January 2012 Retrieved 4 November 2011 Indian Banking 2020 Making the Decade s Promise Come True PDF Archived from the original PDF on 5 July 2016 Retrieved 1 August 2015 a href Template Cite book html title Template Cite book cite book a CS1 maint numeric names authors list link Fair practice Standards Fair Practice Code PDF Retrieved 1 August 2015 Managing Committee Times of India IBA to sign wage revision pact with banks unions Retrieved 1 August 2015 India Today Banks see Rs 4 725 cr outgo as staff get 15 wage hike Retrieved 1 August 2015 External links editOfficial site 1 Five associate banks BMB merge with SBI Rajnish Kumar is new IBA chairman categories Banking in India Consumer protection in India 2 nbsp nbsp This article related or pertaining to the economy of India is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Indian Banks 27 Association amp oldid 1224431561, wikipedia, wiki, book, books, library,
