Mumbai: Union Bank of India chairman and managing director M.V. Nair has been named the chairman of Indian Banks’ Association (IBA), the apex bankers’ lobby in the country, effective 15 June.
Nair, who was deputy chairman of the IBA until now, succeeds K.C. Chakrabarty, who is now a deputy governor at Reserve Bank of India, IBA said in a release on Wednesday. M.D. Mallya, chairman and managing director of Bank of Baroda, will succeed Nair as deputy chairman of IBA.
State Bank of India chairman O.P. Bhatt and HDFC Bank Ltd managing director Aditya Puri continue as deputy chairmen.