Usha Ananthasubramanian, MD and CEO, Allahabad Bank, has been elected the first woman chairman of Indian Banks’ Association (IBA).
Usha was elected IBA Chairman for the year 2017-18 by its Managing Committee on Thursday.
IBA Chairman’s position fell vacant following the superannuation of Jatinder Bir Singh, who was Chairman and Managing Director of Punjab & Sind Bank, on December 31, 2017.
Rajnish Kumar, Chairman, State Bank of India, was elected Deputy Chairman of IBA for the year 2017-18.
IBA is the banking sector’s industry body, whose objective, among others, is to promote and develop sound and progressive banking principles, practices and conventions and to contribute to the developments of creative banking in the country.