Finance Minister pushes for IBA chief from pvt banks

Finance Minister pushes for Indian Banks’ Association (IBA) chief from pvt banks.

While prodding the private sector lenders to be more active in BANCON – the annual banking conclave – finance minister P Chidambaram also suggested of making future chairpersons of Indian Banks’ Association from private sector banks.

Typically, the IBA chairman is selected from public sector banks as they have majority in the bank body, in terms of voting power.

In a strange coincidence, chiefs of large private banks were conspicuous by their absence from BANCON 2012, a two day event, which is currently being held in Pune.

Leave a Reply

Your email address will not be published. Required fields are marked *