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Atul Kumar Goel appointed chairman of IBA

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Atul Kumar Goel appointed chairman of IBA

  • UCO Bank CEO Atul Kumar Goel has been appointed as chairman of the Indian Banks' Association (IBA) for 2021-22 succeeding Union Bank of India CEO Rajkiran Rai.
  • In the managing committee meeting, IBA members also elected State Bank of India chairman Dinesh Kumar Khara, Canara Bank CEO L V Prabhakar and IDBI Bank CEO Rakesh Sharma as deputy chairmen of the IBA.

Indian Banks' Association (IBA)

  • It was formed as a representative body of management of banking in India operating in India
  • With an initial membership representing 22 banks in India in 1946, IBA currently represents 247 banking companies operating in India.
  • It was formed for the 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.
  • It is managed by a managing committee, and the current managing committee consists of one chairman, 3 deputy chairmen, 1 honorary secretary and 26 members.
  • Formation: 26 September 1946
  • Location: World Trade Centre, Cuffe Parade, Mumbai
  • Membership: 250 banks

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