Fact Box: Indian Banks’ Association (IBA)

K R Kamath re-elected as IBA’s Chairman

K R Kamath, the chairman and managing director of Punjab National Bank (PNB), has been re-elected as the Chairman of the Indian Banks’ Association (IBA) for 2013-14 tenure.

Indian Banks’ Association (IBA)

  • Established on September 26, 1946.
  • It is an association of Indian banks and financial institutions. It is based in Mumbai.
  • Currently represents a total of 173 banking companies which are operating in India. 
  • Objective: Strengthening, development and coordination of the Indian banking. It also facilitates various member banks.
  • The Managing Committee of the IBA consists of a chairman, three deputy chairmen, one honorary secretary as well as 26 members.

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Categories: Banking Current Affairs 2018Persons in News 2018

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