Multiple choice

Who was appointed as the new chairman of the Indian Banks' Association in 2010?

  1. P. Bhatt

  2. K. R. Kamath

  3. Alok Kurnar Misra

  4. J.M. Garg

  5. M. D. Mallya
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A Correct answer
Explanation

State Bank of India (SBI) Chairman Om Prakash Bhatt is set to take over as the new chairman of the Indian Banks' Association (IBA). The present chairman, M V Nair, who is the chairman and managing director of Union Bank of India, and the senior most banker chief, has relinquished the post. Bhatt will be in charge of IBA till he retires in March, 2011. The IBA acts as an important link between banks, regulator and the government. During Nair's term the industry group completed and implemented industry-wide wage negotiations including a second pension option for public sector bank employees.

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