The IBA said that Mehta was elected chairman for the term 2018-19 at a meeting of the Managing Committee of the banking industry lobby group. At the same meeting, Dina Bandhu Mohapatra, Managing Director & CEO, Bank of India, was elected as the body's Deputy Chairman.
Shyam Srinivasan, Managing Director & CEO, Federal Bank and Rajnish Kumar, Chairman, State Bank of India, continue to be Deputy Chairmen. Madhav Nair, Country Head & CEO, Mashreqbank PSC has been elected as the Honorary Secretary of the association for the year 2018-19, the IBA said.
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