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 247 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 20 November 2020, Union Bank of India's MD & CEO Rajkiran Rai was elected as the new Chairman of IBA. Mr.Dinesh Khara, Chairman of State Bank of India, Mr.Madhav Nair, Country Head & CEO of Mashreq Bank and Mr.S. S. Mallikarjuna Rao MD & CEO of Punjab National Bank were elected as Deputy Chairmen. Mr.Rakesh Sharma MD & CEO of IDBI Bank was elected as the Honorary Secretary for 2020-21. The Chief Executive of IBA is Mr.Sunil Mehta and Dy Chief Executive Mr.Gopal Bhagat.
indian, banks, association, formed, september, 1946, representative, body, management, banking, india, operating, india, association, indian, banks, financial, institutions, based, mumbai, with, initial, membership, representing, banks, india, 1946, currently,. 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 247 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 20 November 2020 Union Bank of India s MD amp CEO Rajkiran Rai was elected as the new Chairman of IBA Mr Dinesh Khara Chairman of State Bank of India Mr Madhav Nair Country Head amp CEO of Mashreq Bank and Mr S S Mallikarjuna Rao MD amp CEO of Punjab National Bank were elected as Deputy Chairmen Mr Rakesh Sharma MD amp CEO of IDBI Bank was elected as the Honorary Secretary for 2020 21 The Chief Executive of IBA is Mr Sunil Mehta and Dy Chief Executive Mr Gopal Bhagat Contents 1 Managing committee 1 1 Private Sector Banks 1 2 Co operative Sector Banks 1 3 Payments Banks and Small Finance Banks 2 References 3 External linksManaging committee EditThe banks which are members of the managing committee of the IBA include 4 5 6 Citibank Indian Bank Indian Overseas Bank Punjab National Bank Union Bank of India Central Bank of India State Bank of India Bank of Baroda Mashreq Bank Bank of America Standard Chartered Bank UCO Bank IDBI Bank Qatar National Bank JPMorgan Chase Bank Punjab amp Sind Bank Bank of MaharashtraPrivate Sector Banks Edit ICICI Bank South Indian Bank Karnataka Bank City Union Bank Federal BankCo operative Sector Banks Edit Saraswat Co operative Bank Ltd Nagpur Nagarik Sahakari Bank Ltd A P Mahesh Co operative Urban Bank Ltd Payments Banks and Small Finance Banks Edit Equitas Small Finance BankReferences Edit Indian Banks Association Iba org in 23 April 2005 Retrieved 4 November 2011 Indian Banking 2020 Making the Decade s Promise Come True PDF Retrieved 1 August 2015 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 https www business standard com article pti stories iba elects pnb s sunil mehta as chairman 118083100771 1 html http www thehindu com business Industry sbi five associate banks bmb merge with sbi article17757316 ece https www thehindu com business rajnish kumar is new iba chairman article29738120 ececategories Banking in India Consumer protection in India 1 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 1120682184, wikipedia, wiki, book, books, library,
