Money & Banking

VG Kannan appointed CEO of Indian Banks’ Association

Our Bureau Mumbai | Updated on January 16, 2018 Published on December 14, 2016

VG Kannan

A former MD of SBI, he succeeds MV Tanksale who demitted office in August

V G Kannan on Wednesday took charge as Chief Executive of the Indian Banks’ Association (IBA).

He succeeds M V Tanksale who demitted office as Chief Executive on August 9, 2016 after being at the helm 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.

The objectives of IBA, among others, are to promote and develop in India sound and progressive banking principles, practices and conventions and to contribute to the development of creative banking; 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; and to organise co-ordination and co-operation on procedural, legal, technical, administrative or professional problems and practices of banks and the banking industry.

Published on December 14, 2016
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