Current Affairs

Sunil Mehta elected as new Chairman of Indian Bank’s Association

Punjab National Bank's (PNB's) Managing Director and Chief Executive, Sunil Mehta was elected as the new chairman of Indian Banks Association (IBA) for year 2018-19.
Sunil Mehta elected as new Chairman of Indian Bank’s Association
  • Bank of India's managing director and chief executive Dina Bandhu Mohapatra was elected as the Deputy Chairman.
  • Madhav Nair, Country Head and Chief Executive, Mashreqbank PSC, was elected as Honorary Secretary of IBA for 2018-19, State Bank of India's Chairman, Rajnish Kumar, and Federal Bank's Managing Director, Shyam Srinivasan, will continue as Deputy Chairmen of IBA.

About Indian Bank's Association (IBA):

  • It is an association of Indian banks and financial institutions. 
  • It was established on September 26, 1946.
  • It is headquartered in Mumbai.
  • Its objective is to strengthen, develop and foster coordination among Indian banking stakeholders.
  • It also facilitates various member banks.
  • Managing Committee of IBA consists of a chairman, three deputy chairmen, one honorary secretary as well as 26 members.
  • The members of IBA comprise of public sector banks, private sector banks, foreign banks having offices in India, co-operative banks, regional rural banks and all Indian financial institutions.
  • Currently it has 237 members from banking sector operating in India.

Questions:

Q1. Who was elected as the new chairman of Indian Banks Association (IBA) for the year 2018-19?
a. Sushil Mehta
b. Sahil Mehta
c. Sunil Mehta
d. None of the above

Q2. Where is the IBA headquartered?
a. New Delhi
b. Mumbai
c. Chennai
d. Kolkata
Sunil Mehta elected as new Chairman of Indian Bank’s Association Sunil Mehta elected as new Chairman of Indian Bank’s Association Reviewed by Inderjeet Virdi on September 02, 2018 Rating: 5

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