State Bank of India Chairman O. P. Bhatt has been elected the new Chairman of the Indian Banks' Association (IBA) for 2010-11.
Mr. Bhatt will take charge from M. V. Nair, Chairman and Managing Director of Union Bank.
HDFC Bank Managing Director Aditya Puri, Bank of Baroda Chairman and Managing Director M. D. Mallya and Canara Bank Chairman and Managing Director A. C. Mahajan were elected deputy chairmen.
Yes Bank Managing Director and Chief Executive Officer Rana Kapoor has been elected Honorary Secretary of the association. The association elected its office bearers after the conclusion of its annual general meeting held on Tuesday.