1. RBI Governor Shaktikanta Das inaugurates the FIBAC 2022
Tags: place in news Economy/Finance Summits
Reserve Bank of India Governor Shaktikanta Das inaugurated one of the largest annual banking conferences of Asia, FIBAC 2022 in Mumbai on 2 November 2022.
The FIBAC 2022 has been organized by Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks’ Association (IBA) on 2nd and 3rd of November 2022 at Mumbai, Maharashtra.
Theme of the Conference: 'Helping India step change its growth: How tech enabled banking can contribute to realization of $5 trillion economy goal’.
Speaking on occasion the governor said that the e-rupee launch on 1 November 2022 was a landmark moment in the history of currency in the country as it will transform the way business is done and transactions are conducted.
He added that the central bank hopes to launch digitized Kisan Credit Card loans in a full-fledged manner by the calendar year 2023.
Indian Bank Association is an association of Banks and Financial institutions in India which was set up in 1946.
2. Atul Kumar Goel re-elected as the President of Indian Bank Association
Tags: Economy/Finance Person in news
The Indian Bank Association (IBA) has announced on 21 October 2022 that Atul Kumar Goel has been re-elected as the President for 2022-23.
He was elected as the President of the IBA for 2021-22.
Atul Kumar Goel is currently the Managing Director (MD) and Chief Executive Officer (CEO) of Punjab National Bank.
Normally a public sector bank chief is made the President of IBA.
Indian Bank Association
It is a representative body of banks in India to promote and develop in India sound and progressive banking principles, practises and conventions and to contribute to the developments of creative banking.
It helps the government in formulating Human Resources policy for the banking sector.
The Indian Banks' Association (IBA) was formed on September 26, 1946 with 22 members. As of April, 2018 the total Membership of the Association is 239.
It includes Public sector Bank. Private Sector Banks, Foreign Banks, Co-operatives, Regional Rural Bank, and All India Financial Institutions.
Current Chairman: Punjab National Bank’s MD &CEO Atul Kumar Goel is the chairman of the Indian Banks' Association (IBA)
Headquarters of IBA: Mumbai