M V Rao, Managing Director and CEO, of the Central Bank of India has been elected as the new Chairman of the Indian Banks Association (IBA). Rao had been elected as IBA Chairman for the term 2023-24 at a meeting of the Managing Committee of IBA held in March 2024.
Apart from this, Three Deputy Chairmen for IBA would be Dinesh Kumar Khara, Chairman, of State Bank of India (SBI); S L Jain, MD and CEO, of Indian Bank and N Kamakodi, Managing Director and CEO, of City Union Bank.
Madhav Nair, Country Head and CEO, of the Bank of Bahrain and Kuwait, is elected as the Honorary Secretary of the Association.
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