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SBI's Challa Sreenivasulu Setty Appointed as IBA Chairman.

Banking & Finance | Dated: 31 Mar 2025

In March 2025, the Indian Banks' Association (IBA) managing committee elected Challa Sreenivasulu (C.S.) Setty, Chairman of State Bank of India (SBI), as the Chairman of IBA for the fiscal year 2025-26. He will serve in this role until the next Annual General Meeting (AGM).

🎯 Key Highlights:

  • - The IBA Managing Committee has elected three Deputy Chairmen from leading banks. A. Manimekhalai, MD & CEO of Union Bank of India, Swarup Kumar Saha, MD & CEO of Punjab & Sind Bank, and Madhav Nair, Country Head & CEO of Bank of Bahrain and Kuwait, will serve in these roles.
  • - B. Ramesh Babu, MD of Karur Vysya Bank (KVB), has been appointed as the Honorary Secretary of IBA.
  • - In March 2025, Atul Kumar Goel, former MD of Punjab National Bank (PNB), was named Chief Executive (CE) of IBA, taking over from Sunil Mehta.

💡 Other Important Facts:

  • (i) Challa Sreenivasulu (C.S.) Setty began his career at State Bank of India (SBI) in 1988 as a Probationary Officer (PO). He later joined the SBI Board as Managing Director (MD) in January 2020, where he led the Retail & Digital Banking (RDB) vertical from 2020 to 2022.
  • (ii) Before becoming MD, C.S. Setty headed the Stressed Assets Resolution Group (SARG) as Deputy Managing Director (DMD). He assumed charge as Chairman of SBI in August 2024.
  • (iii) The Indian Banks' Association (IBA) is an industry body representing both Public Sector Banks (PSBs) and Private Sector Banks (PVBs). It is not a statutory body but serves as a premier service organization and association for Indian banks and financial institutions.

📚 Test Your Knowledge:

Who has been recently appointed as the Chairman of the Indian Banks' Association (IBA) for 2025-26?

Correct Answer: Challa Sreenivasulu Setty

🚀 Quick Recap:

About the Indian Banks' Association (IBA)

  • Chairman : Challa Sreenivasulu(C.S) Setty
  • Headquarter : Mumbai