Indian Banks' Association
Encyclopedia
Indian Banks' Association (IBA), formed on 26 September, 1946 as a representative body of management of banking in India operating in India - an association of Indian banks and financial institutions based in Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...

. With an initial membership representing 22 banks in India in 1946, IBA currently represents 150 banking companies operating in India. IBA was formed for development, coordination and strengthening of Indian banking, and assist the member banks in various ways including implementation of new systems and adoption of standards among the members.

Indian Banks' Association is managed by a managing committee, and the current managing committee consists of one chairman (current chairman is M.D.Mallya, previous notable chairmens include V. P. Shetty
V. P. Shetty
Vaddarse Prabhankar Shetty better known as V.P. Shetty is an Indian banker who retired as Chairman and Managing Director of IDBI Bank in 2007.Before joining IDBI,He was also the Chairman and Managing Director of UCO Bank and Canara Bank...

 and M. V. Nair), four deputy chairmen, one honorary secretary, and 31 members.) )

Managing committee

The banks which are members of the managing committee of the IBA include:
  • Bank of India
    Bank of India
    Bank of India is a state-owned commercial bank with headquarters in Mumbai. Government-owned since nationalization in 1969, It is India's 4th largest bank, after State Bank of India, Punjab National Bank and Bank of Baroda. It has 3415 branches, including 29 branches outside India...

  • United Bank of India
    United Bank of India
    United Bank of India is a state-owned financial services company headquartered in Kolkata, India. Presently the bank has a three-tier organizational setup consisting of its Head office in Kolkata, 31 Regional offices and 1600 branches spread all over India. However, its major presence is in...

  • Punjab National Bank
    Punjab National Bank
    Punjab National Bank , was founded in 1894 and is currently the second largest state-owned commercial bank in India ahead of Bank of Baroda with about 5000 branches across 764 cities. It serves over 37 million customers. The bank has been ranked 248th biggest bank in the world by the Bankers...

  • The HDFC Bank Ltd.
    HDFC Bank
    HDFC Bank Limited is a major Indian financial services company based in India, incorporated in August 1994, after the Reserve Bank of India allowed establishing private sector banks. The Bank was promoted by the Housing Development Finance Corporation, a premier housing finance company of India...

  • Andhra Bank
    Andhra Bank
    Andhra Bank was registered on 20 November 1923 and commenced business on 28 November 1923 with a paid up capital of Rs 1.00 lakh and an authorised capital of Rs 10.00 lakhs. The Bank crossed many milestones and the Bank's Total Business as on 30.06.2008 stood at Rs.83,256 Crores with a Clientele...

  • Union Bank of India
    Union Bank of India
    Union Bank of India is one of India's largest state-owned banks , is listed on the Forbes 2000. It has assets of USD 13.45 billion and all the bank's branches have been networked with its 1135 ATMs. Its online Telebanking facility are available to all its Core Banking Customers - individual as...

  • Central Bank of India
    Central Bank of India
    Central Bank of India , a government-owned bank, is one of the oldest and largest commercial banks in India. It is based in Mumbai...

  • State Bank of India
    State Bank of India
    The State Bank of India is the largest Indian banking and financial services company with its headquarters in Mumbai, India. It is state-owned. The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest...

  • Bank of Baroda
    Bank of Baroda
    Bank of Baroda is the third largest bank in India, after the State Bank of India and the Punjab National Bank and ahead of ICICI Bank. BoB is ranked 763 in Forbes Global 2000 list. BoB has total assets in excess of Rs. 3.58 lakh crores, or Rs. 3,583 billion, a network of over 3,409 branches and...

  • Vijaya Bank
    Vijaya Bank
    -History:Vijaya Bank , a medium sized bank with presence across India. It was founded on October 23, 1931 by A. B. Shetty and a few other farmers in Mangalore, Karnataka in India.. The objective was to promote banking habits, thrift and entrepreneurship among the farming community of Dakshina...

  • Corporation Bank
    Corporation Bank
    Corporation Bank is an India-based banking company based in Mangalore, India. The bank was founded with an initial capital of Rs. 5000 , and first day’s canvassed resources of less than one USD 1, has currently 12,724 full time employees, and operates from several branches in India.The Bank is a...

  • Dena Bank
    Dena Bank
    Dena Bank is one of the earliest banks in India headquartered in Mumbai.-History:* Dena Bank was founded by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd....

  • Canara Bank
    Canara Bank
    Canara Bank is a state-owned financial services company in India. It was established in 1906, making it one of the oldest banks in the country. As on 2009 November, the bank had a network of 3057 branches, spread across India...

  • IDBI Ltd
    IDBI Bank
    The IDBI Bank Limited is one of India's leading public sector banks and 4th largest Bank in overall ratings. RBI categorised IDBI as an "other public sector bank". It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian...

  • Indian Bank
    Indian Bank
    Indian Bank is a major Indian Commercial Bank headquartered in Chennai , India. It has 22,000 employees, 1923 branches and is one of the big public sector banks of India. It has overseas branches in Colombo, Sri Lanka, Singapore, and 229 correspondent banks in 69 countries...

  • Indian Overseas Bank
    Indian Overseas Bank
    Indian Overseas Bank is a major bank based in Chennai , with 2018 domestic branches and six branches overseas. Indian Overseas Bank has an ISO certified inhouse Information Technology department, which has developed the software that 2018 branches use to provide online banking to customers; the...

  • Oriental Bank of Commerce
    Oriental Bank of Commerce
    Oriental Bank of Commerce is an India-based bank in Lahore , is one of the public sector banks in India...

  • State Bank of Bikaner & Jaipur
    State Bank of Bikaner & Jaipur
    State Bank of Bikaner & Jaipur is an associate bank of State Bank of India. Currently, SBBJ has over 848 branches, mostly located in the state of Rajasthan, India. Its branch network out of Rajasthan covers all the major business centers of India...

  • Citibank N.A.
  • ABN Amro Bank N.V.
    ABN AMRO
    ABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. It was re-established, in its current form, in 2009 following the acquisition and break up of ABN AMRO Group by a banking consortium consisting of Royal Bank of Scotland Group, Santander and Fortis...

  • BNP Paribas
    BNP Paribas
    BNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...

  • Standard Chartered Bank
    Standard Chartered Bank
    Standard Chartered PLC is a multinational financial services company headquartered in London, United Kingdom with operations in more than seventy countries...

  • Bank of America
    Bank of America
    Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...

  • ICICI Bank Ltd.
    ICICI Bank
    ICICI Bank Ltd. is India's second largest financial services company headquartered in Mumbai, India. It offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of...

  • The Federal Bank Ltd.
    Federal Bank
    Federal Bank Limited is a major Indian commercial bank in the private sector, headquartered at Aluva, Kochi, Kerala. As of March 31 2011 it has 743 branches spread across 24 states in India and 803 ATMs around the country.-History:In the year 1931, Travancore Federal Bank was inaugurated at...

  • YES Bank Ltd.
  • Janakalyan Sahakari Bank Limited
  • Nagpur Nagarik Sahakari Bank Limited
  • CITIZENCREDIT Co-operative Bank Ltd.
  • Karnataka Bank Ltd.
    Karnataka Bank
    Karnataka Bank Limited is a private sector banking institution based in the town of Mangalore in Karnataka, India. The Reserve Bank of India has designated Karnataka Bank as an A1+-class scheduled commercial bank....

  • Sairam banking Association.
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