Sunil Mehta took over as the Chief Executive Officer (CEO) of the Indian Banks’ Association (IBA). He will replace VG Kannan, who resigned from office as chief executive of IBA on December 31, 2019 after being at the helm for three years. Sunil Mehta was heading Punjab National Bank as an MD & CEO.
The term of the CEO of IBA is for the three years while the chairman term is for only one year. Currently, the managing committee of IBA has SBI chief Rajnish Kumar as Chairman year 2019-20 along with three deputy chairmen and honorary secretary.