In the
last bankers’ conference (Bancon) held in Pune, finance minister P
Chidambaram told the Indian Banks Association (IBA) members that its
next chairman should be from a private bank since none of the top-level
private bankers were present at the conference. The idea was to give the
private sector a representation at IBA. The vacancy for the chairman’s
(held by KR Kamath, CMD of PNB) post is a long way off. IBA could
consider appointing an official from private banks for the CEO’s post
which is due to be vacated by middle of this calendar year. In the past,
ICICI CEO HN Sinor has been at the helm of the bankers’ body and made
it a vibrant organisation.
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