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. 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.
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. Current chief executive is V G Kannan. He succeeds M V Tanksale who demitted office as Chief Executive on August 9, 2016, after being at the helm for three years. Previous notable chairman include K R Kamnath, chairman and managing director of Punjab National Bank, M. D. Mallya of Bank of Baroda, V. P. Shetty, M. V. Nair, Rashid Jilani and O P Bhatt.
Managing committee
The banks which are members of the managing committee of the IBA include:
- Federal Bank
- South Indian Bank
- United Bank of India
- Punjab National Bank
- Allahabad Bank
- Andhra Bank
- Union Bank of India
- Central Bank of India
- State Bank of India
- Bank of Baroda
- Vijaya Bank
- Corporation Bank
- Nainital Bank
- Indian Overseas Bank
- Oriental Bank of Commerce
- State Bank of Bikaner & Jaipur
- Citibank N.A.
- ABN Amro Bank N.V.
- BNP Paribas
- Bhartiya Mahila Bank
- Standard Chartered Bank
- Bank of America
- The Federal Bank Ltd.
- Janakalyan Sahakari Bank Limited
- Nagpur Nagarik Sahakari Bank Limited
- CITIZENCREDIT Co-operative Bank Ltd.
- Karnataka Bank Ltd.
- Sairam banking Association.
- Canara Bank
- UCO Bank
- Lakshmi Vilas Bank
References
External links
- Official site
- http://www.livemint.com/Industry/BPI8pJjw6i3XkFzSiZoEPI/PNBs-K-R-Kamath-reelected-IBA-chairman.html
categories: Banking in India | Consumer protection in India
