MV Rao Takes the Helm at IBA
In a significant development, MV Rao has been chosen to lead the IBA (Indian Banks’ Association. His appointment as Chairman was confirmed during a meeting of the IBA’s Managing Committee on Thursday, March 21, 2024. This prestigious role places him at the forefront of shaping policies and strategies for the banking sector.
Prior to his current role as the Managing Director & CEO of Central Bank of India, MV Rao served as the Executive Director of Canara Bank for over three years. During his tenure at Canara Bank, he played a pivotal role in the bank’s progress and was instrumental in the amalgamation of Syndicate Bank with Canara Bank.
Deputy Chairmen Appointed
Alongside MV Rao, the IBA has also appointed three Deputy Chairmen:
- Dinesh Kumar Khara, Chairman of the State Bank of India
- SL Jain, Managing Director and Chief Executive Officer of Indian Bank
- Dr. N Kamakodi, MD and CEO of City Union Bank
Honorary Secretary
Madhav Nair, Country Head and CEO of Bank of Bahrain and Kuwait, will serve as the Honorary Secretary of the Association.
Read More On: ET BFSI
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