The Indian Banks’ Association (IBA) has elected State Bank of India (SBI) chief CS Setty as its new chairman. The decision was taken during a meeting of the managing committee on March 28. The role of Setty will be as the IBA chairman until the next Annual General Meeting (AGM), leading the grouping that represents the interests of the banking sector.
The other appointments of three deputy chairpersons are A. Manimekhalai, MD & CEO, Union Bank of India; Swarup Kumar Saha, MD & CEO, Punjab & Sind Bank; and Madhav Nair, Country Head & CEO-India, Bank of Bahrain & Kuwait BSC. B Ramesh Babu, MD & CEO of Karur Vysya Bank, was elected as the honorary secretary of the association.
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