SBI’s Bhatt appointed as new Chairman of IBA

The Indian Banks Association elected its new office bearers for 2010-11 after its Annual General Meeting held on Tuesday.

O P Bhatt, State Bank of India’s Chairman has been elected as the new chairman of the Indian IBA for 2010-11. He will be taking charge from M V Nair, Chairman and Managing Director of Union Bank.

While HDFC Bank's Managing Director Aditya Puri, Bank of Baroda's Chairman and Managing Director M D Mallya and Canara Bank's Chairman and Managing Director A C Mahajan have been elected as Deputy Chairmen.

Rana Kapoor, Managing Director and Chief Executive officer of Yes Bank will be the Honorary Secretary of the Association.