V G Kannan took charge as Chief Executive of the Indian Banks’ Association (IBA).
He succeeds M V Tanksale who resigned from office as Chief Executive on August 9, 2016 after for three years
Kannan had retired as Managing Director & Group Executive (Associates & Subsidiaries) of State Bank of India on July 31, 2016.
IBA is a self-regulatory organisation of banks.
The 70-year old body has 237 members comprising public sector banks, private sector banks, foreign banks having offices in India, co-operative banks, regional rural banks, and all India financial institutions.
It aims to promote and develop in India sound and progressive banking principles, practices and conventions and to contribute to the development of creative banking.
It also works to render assistance and to provide various common services to members and to the banking industry; to develop and implement new ideas and innovations in banking services, operations and procedures.
It organises co-ordination and co-operation on procedural, legal, technical, administrative or professional problems and practices of banks and the banking industry.
