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AK Goel, UCO Bank MD is IBA chairman

AK Goel, UCO Bank MD is IBA chairman
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AK Goel, UCO Bank MD is IBA chairman

Mumbai, Oct 15 The Managing Committee of Indian Banks' Association (IBA), an industry body for scheduled banks, at its meeting held on October 14, elected AK Goel, Managing Director & CEO, UCO Bank as the Chairman, Indian Banks' Association for the term 2021-22.

He takes over the assignment from Union Bank MD & CEO, Rajkiran Rai.

The other Office bearers of the Association elected include Dinesh Kumar Khara, Chairman, State Bank of India, LV Prabhakar, MD & CEO, Canara Bank and Rakesh Sharma, MD & CEO, IDBI Bank as Deputy Chairmen of the Association and Madhav Nair, Country Head & CEO, Mashreqbank PSC as Honorary Secretary of the Association, an official statement of IBA said.

Indian Banks' Association, 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 and comprises 250 banks.

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.

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