Indian banks ' Association - Wikipedia Indian banks ' Association Indian Banks ' Association ( IBA ), formed on 26 September 1946 as a representative body of management of banking in India operating in India - an association of Indian banks and financial institutions based in Mumbai. With an initial membership representing 22 banks in India in 1946, IBA currently represents 237 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. 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 VG Kannan. He succeeds MV Tanksale who demitted office as Chief Executive on August 9, 2016, after being at the helm for three years. Previous notable chairman include KR 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 OP Bhatt. Managing committee The banks which are members of the managing committee of the IBA include : Federal Bank South Indian Bank United Bank of India Punjab National Bank Allahabad Bank Andhra Bank Union Bank of India Central Bank of India State Bank of India Bank of Baroda Vijaya Bank Corporation Bank Nainital Bank Indian Overseas Bank Oriental Bank of Commerce State Bank of Bikaner & Jaipur Citibank N.A. ABN Amro Bank N.V. BNP Paribas Bhartiya Mahila Bank Standard Chartered Bank Bank of America The Federal Bank Ltd. Janakalyan Sahakari Bank Limited Nagpur Nagarik Sahakari Bank Limited CITIZENCREDIT Co-operative Bank Ltd. Karnataka Bank Ltd. Sairam banking Association. Canara Bank UCO Bank Lakshmi Vilas Bank References Jump up ^ `` Indian Banks ' Association ''. Iba.org.in. 2005 - 04 - 23. Retrieved 2011 - 11 - 04. Jump up ^ Indian Banking 2020. Making the Decade 's Promise Come True ( PDF ). Retrieved August 1, 2015. Jump up ^ Fair practice Standards. Fair Practice Code ( PDF ). Retrieved August 1, 2015. Jump up ^ Times of India. `` IBA to sign wage revision pact with banks unions ''. Retrieved August 1, 2015. Jump up ^ India Today. `` Banks see Rs 4,725 cr outgo as staff get 15 % wage hike ''. Retrieved August 1, 2015. External links Official site http://www.livemint.com/Industry/BPI8pJjw6i3XkFzSiZoEPI/PNBs-K-R-Kamath-reelected-IBA-chairman.html categories : Banking in India Consumer protection in India This article related or pertaining to the economy of India is a stub. You can help Wikipedia by expanding it. Retrieved from `` https://en.wikipedia.org/w/index.php?title=Indian_Banks%27_Association&oldid=801364833 '' Categories : Industry trade groups based in India Banking in India Bankers associations Indian economics and finance stubs Talk About Wikipedia हिन्दी Edit links This page was last edited on 19 September 2017, at 07 : 02. About Wikipedia

Question: who has been designated as the chairman by the iba
Answer: V G Kannan