Re-election was one of the rare occasions in history when an incumbent Different The president got a second consecutive term.
A banking source said Goyal is believed to be the unanimous candidate.
“Goel will be able to have a better rapport with the government by sitting in Delhi,” he said.
The senior most managing director of a public sector bank is generally elected as the chairman for a period of one year.
State bank of indiaK Dinesh Khara has become the deputy chairman along with two others including AS Rajeev, MD and CEO Bank Of Maharashtra and Madhav Nair, CEO of Dubai-headquartered foreign lender Mashreq Bank.
The IBA, an industry body comprising all lenders, held a meeting on Friday to elect new office bearers. Foreign banks with branches in India are also its members.
N Kamakodi, CEO, city ​​union bank Became Honorary Secretary of the Union.
India’s banking industry is poised for the next level of growth after dealing with a huge pile of bad loans. While deposits grew 9.6% year-on-year, credit expansion nearly doubled at a pace of 17.9%, according to the latest data from the Reserve Bank of India.
Outstanding credit to industry stood at Rs 128.6 lakh crore versus Rs 172.7 lakh crore outstanding deposits, show updated data till October 7 this year.