Sunil Mehta took over as the Chief Executive Officer (CEO) of the Indian Banks’ Association (IBA). He will replace VG Kannan, who resigned from office as chief executive of IBA on December 31, 2019. The term of the CEO of IBA is for 3 years. At present, the managing committee of IBA has SBI chief Rajnish Kumar as Chairman for the year 2019-20 along with 3 deputy chairmen and honorary secretary.
Important takeaways for all competitive exams:
- Formation of Indian Banks’ Association: 26 September 1946.
- Headquarters of Indian Banks’ Association: Mumbai, Maharashtra.