The Indian Banks Association (IBA) was formed on the 26th September, 1946 with 22 members. Today IBA has more than 156 members comprising of Public Sector Banks, Private Sector Banks, Foreign Banks having offices in India, Urban Co-operative Banks, Developmental Financial Institutions, Federations, Merchant Banks, Mutual Funds, Housing Finance Corporations, etc.
Organizational Structure of IBA:
The Managing Committee manages the affairs, business and funds of IBA. The managing Committee is elected by the Ordinary members of the Association, and is the highest management and policy making body of the Association.
The Chairman of the Association heads upon the working of the Association. He provides guidelines to the Association. The administrative head of IBA is the Chief Executive of IBA.