16 December 2016 Current Affairs: V G Kannan on Wednesday took charge as Chief Executive of the Indian Banks’ Association (IBA).
He succeeds M V Tanksale who demitted office as Chief Executive on August 9, 2016 after being at the helm for three years.
Kannan had retired as Managing Director & Group Executive (Associates & Subsidiaries) of State Bank of India on July 31, 2016.
IBA is a self-regulatory organisation of banks. The 70-year old body has 237 members comprising public sector banks, private sector banks, foreign banks having offices in India, co-operative banks, regional rural banks, and all India financial institutions.