Punjab National Bank's (PNB's) Managing Director and Chief Executive, Sunil Mehta was elected as the new chairman of Indian Banks Association (IBA) for year 2018-19.
a. Sushil Mehta
b. Sahil Mehta
c. Sunil Mehta
d. None of the above
Q2. Where is the IBA headquartered?
a. New Delhi
b. Mumbai
c. Chennai
d. Kolkata
- Bank of India's managing director and chief executive Dina Bandhu Mohapatra was elected as the Deputy Chairman.
- Madhav Nair, Country Head and Chief Executive, Mashreqbank PSC, was elected as Honorary Secretary of IBA for 2018-19, State Bank of India's Chairman, Rajnish Kumar, and Federal Bank's Managing Director, Shyam Srinivasan, will continue as Deputy Chairmen of IBA.
About Indian Bank's Association (IBA):
- It is an association of Indian banks and financial institutions.
- It was established on September 26, 1946.
- It is headquartered in Mumbai.
- Its objective is to strengthen, develop and foster coordination among Indian banking stakeholders.
- It also facilitates various member banks.
- Managing Committee of IBA consists of a chairman, three deputy chairmen, one honorary secretary as well as 26 members.
- The members of IBA comprise of public sector banks, private sector banks, foreign banks having offices in India, co-operative banks, regional rural banks and all Indian financial institutions.
- Currently it has 237 members from banking sector operating in India.
Questions:
Q1. Who was elected as the new chairman of Indian Banks Association (IBA) for the year 2018-19?a. Sushil Mehta
b. Sahil Mehta
c. Sunil Mehta
d. None of the above
Q2. Where is the IBA headquartered?
a. New Delhi
b. Mumbai
c. Chennai
d. Kolkata
