115.98.233.141: /* Private Sector Banks */

2025-04-29T17:23:56Z

Private Sector Banks

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{{Short description|Representative body of management of banking in India}}
{{Use dmy dates|date=July 2019}}

The '''Indian Banks' Association''' ('''IBA'''), formed on (26 September 1946), is an unregistered, [[voluntary association]] of like-minded banks and individuals in India<ref name="auto">{{cite book |title= Court Orders - RK Jain vs IBA (Page 5) |url= https://righttoinformation.wiki/_media/blog/2017-11-22-1703370001.pdf |access-date= 17 September 2023 |archive-date= 22 October 2020 |archive-url= https://web.archive.org/web/20201022054706/https://righttoinformation.wiki/_media/blog/2017-11-22-1703370001.pdf |url-status= bot: unknown }}</ref>—a representative body of Indian banks and financial institutions based in [[Mumbai]].<ref>{{cite web |url=http://www.iba.org.in/contact.asp |title=Indian Banks' Association |publisher=Iba.org.in |date=2005-04-23 |access-date=2011-11-04 |archive-date=3 January 2012 |archive-url=https://web.archive.org/web/20120103223950/http://www.iba.org.in/contact.asp |url-status=dead }}</ref> With an initial membership of 22 banks in India in 1946, IBA currently represents 247 banking companies operating in India. IBA was formed for the development, coordination, and strengthening of [[Indian banking]] and to assist the member banks in various ways, including the implementation of new systems and the adoption of standards among the members.<ref>{{Cite book|title = Making the Decade's Promise Come True|last = Indian Banking 2020|url = http://www.iba.org.in/events/FICCI-Sep10.pdf|access-date = August 1, 2015|archive-date = 5 July 2016|archive-url = https://web.archive.org/web/20160705083446/http://www.iba.org.in/events/ficci-sep10.pdf|url-status = dead}}</ref><ref>{{Cite book|title = Fair Practice Code|last = Fair practice Standards|url = http://www.kotak.com/bank/common/pdf/fairpracticecode.pdf|access-date = August 1, 2015}}</ref>

Indian Banks' Association is managed by a managing committee, and the current managing committee consists of one chairman, 3 deputy chairmen, 1 honorary secretary and 26 members.

On 20 November 2020, [[Union Bank of India]]'s MD and CEO [[Mr.RajKiran Rai (banker)|Rajkiran Rai]] was elected as the new Chairman of IBA. Dinesh Khara, Chairman of [[State Bank of India]]; Madhav Nair, Country Head and CEO of [[Mashreq Bank]]; and S. S. Mallikarjuna Rao, MD and CEO of [[Punjab National Bank]], were elected as deputy chairmen. Rakesh Sharma, MD and CEO of [[IDBI Bank]], was elected as the Honorary Secretary for 2020–2021. The Chief Executive of IBA is Sunil Mehta, and chief executive Gopal Bhagat. On 14 October 2021, Managing Committee of IBA elected Shri Goel as Chairman of IBA.

==Legal Structure==
The Indian Banks' Association (IBA) is an '''unregistered''', [[voluntary association]] of like-minded banks and individuals.<ref name="auto"/> It lacks statutory recognition or legal incorporation. Established on September 26, 1946, initially comprising private banks, it later expanded its membership. Although some banks joined the public sector in 1970, the IBA's operations remained unchanged. Today, its members encompass a diverse range, including [[Public sector banks in India|Public Sector Banks]], Private Sector Banks, Foreign Banks, Urban Co-operative Banks, Asset Reconstruction Companies, Credit Rating Companies, Credit Guarantee Funds, Financial Services Companies, Credit Bureaus, and more.

==Managing committee==
The banks which are members of the managing committee of the IBA include:<ref>{{Cite web|url=https://www.iba.org.in/managing-committee.html|title=Managing Committee|access-date=4 February 2020|archive-date=1 December 2022|archive-url=https://web.archive.org/web/20221201163441/https://www.iba.org.in/managing-committee.html|url-status=dead}}</ref><ref>{{Cite news|url = http://timesofindia.indiatimes.com/business/india-business/IBA-to-sign-wage-revision-pact-with-banks-unions-on-Monday/articleshow/47387402.cms|title = IBA to sign wage revision pact with banks unions|last = Times of India|access-date = August 1, 2015}}</ref><ref>{{Cite news|url = http://www.firstpost.com/business/iba-signs-pact-with-unions-banks-see-rs-4725-cr-outgo-as-staff-get-15-wage-hike-2262692.html|title = Banks see Rs 4,725 cr outgo as staff get 15% wage hike|last = India Today|access-date = August 1, 2015}}</ref>

===Public Sector Banks===
*[[Bank of Baroda]]
*[[Bank of India]]
*[[Canara Bank]]
*[[Indian Bank]]
*[[Indian Overseas Bank]]
*[[Central Bank of India]]
*[[Punjab National Bank]]
*[[State Bank of India]]
*[[UCO Bank]]
*[[Union Bank of India]]
*[[Punjab & Sind Bank]]

===Private Sector Banks===
*[[Jammu & Kashmir Bank|Jammu & Kashmir Bank Limited]]
*[[HDFC Bank]]
*[[ICICI Bank|ICICI BANK LTD]]
*[[Axis Bank|AXIS BANK LTD]]
*[[Bank of America]]
*[[Citibank]]
*[[City Union Bank]]
*[[JPMorgan Chase Bank]]
*[[Federal Bank]]
*[[Karnataka Bank]]
*[[Bank of Bahrain & Kuwait]]
*[[Qatar National Bank]]
*[[South Indian Bank]]
*[[Standard Chartered Bank]]

===Co-operative Sector Banks===
*[[Saraswat Co-operative Bank Ltd]]
*[https://www.nnsbank.co.in/ NNSB - NAGPUR NAGARIK SAHAKARI BANK LTD] Nagpur Nagarik Sahakari Bank Ltd.
*[https://www.apmaheshbank.com/ MAHESH BANK] A. P. Mahesh Co-operative Urban Bank Ltd.

===Payments Banks and Small Finance Banks===
*[[Equitas Small Finance Bank]]

==References==
{{reflist}}

== External links ==
*[http://www.iba.org.in/ Official site] {{Webarchive|url=https://archive.today/20121219004626/http://www.iba.org.in/ |date=19 December 2012 }}
*[https://www.business-standard.com/article/pti-stories/iba-elects-pnb-s-sunil-mehta-as-chairman-118083100771_1.html]
*[http://www.thehindu.com/business/Industry/sbi-five-associate-banks-bmb-merge-with-sbi/article17757316.ece Five associate banks, BMB merge with SBI]
*[https://www.thehindu.com/business/rajnish-kumar-is-new-iba-chairman/article29738120.ece Rajnish Kumar is new IBA chairman]
[[Help:categories|categories:]] [[:category:Banking in India|Banking in India]] | [[:category:Consumer protection in India|Consumer protection in India]]
*[https://www.iba.org.in/managing-committee.html] {{Webarchive|url=https://web.archive.org/web/20221201163441/https://www.iba.org.in/managing-committee.html |date=1 December 2022 }}
{{Banking in India}}{{Financial services in India}}

[[Category:Trade associations based in India]]
[[Category:Banking in India]]
[[Category:Bankers associations]]
[[Category:1946 establishments in India]]

Indian Banks' Association - Revision history

115.98.233.141: /* Private Sector Banks */