The Indian Banks' Association (IBA) on March 21 appointed MV Rao, CEO and MD of Central Bank of India, as the Chairman for 2023-24. Rao will replace Atul Goel, MD & CEO of Punjab National Bank, as the chairman.
IBA is an industry lobby of Indian banks.
The association, in a press release, said that Dinesh Khara, Chairman of SBI, will continue to be one of the three deputy chairmen. SL Jain, MD & CEO of Indian Bank and N Kamakodi, MD & CEO of City Union Bank, will be the other two deputy chairmen.
Madhav Nair, Country Head & CEO of Bank of Bahrain and Kuwait, who was a deputy chairman earlier will now be the honorary secretary of the association.
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