Professional Documents
Culture Documents
Indian Banks
Indian Banks
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 201 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.
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[edit]
The banks which are members of the managing committee of the IBA include:[4][5]
Federal Bank
Allahabad Bank
Andhra Bank
Bank of Baroda
Vijaya Bank
Corporation Bank
Nainital Bank
Citibank N.A.
BNP Paribas
Bank of America
Canara bank
Uco Bank