Rajkiran Rai becomes new chairman of IBA

The Managing Director and CEO of Union Bank of India, Rajkiran Rai G has been elected as the Chairman of Indian Banks’ Association (IBA) for the term 2020-21. He succeeds Rajnish Kumar as the IBA Chairman after Kumar recently retired as SBI Chief.

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Apart from this, Dinesh Kumar Khara, the Chairman of State Bank of India has been elected as the deputy chairman of the association. IBA is an association of banks and other entities in the banking ecosystem in India catering to its members

Important takeaways for all competitive exams:

  • IBA Headquarters location: Mumbai, Maharashtra.
  • IBA Founded: 26 September 1946.

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