- MV Rao has been elected as the Chairman of the Indian Banks’ Association (IBA).
- MV Rao, managing director and chief executive officer of Central Bank of India, has been elected as the Chairman of the Indian Banks’ Association (IBA).
- On March 21, the managing committee of the Indian Banks’ Association (IBA) made this decision.
- Madhav Nair will be now the honorary secretary of the association.
- The IBA and bank unions have recently signed the 9th joint note and the final 12th bipartite settlement agreement.
Indian Banks Association
- It is a representative body of Indian banks and financial institutions.
- It was formed for the development, coordination and strengthening of Indian banking.
- It is managed by a Managing Committee, which currently consists of a Chairman, 3 Vice-Chairmen, 1 Honorary Secretary and 26 members.