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