SBI’s CS Setty appointed as new Chairman of Indian Banks’ Association, ET BFSI
Challa Sreenivasulu Setty, Chairman of the State Bank of India (SBI), has been elected as the brand new Chairman of the Indian Banks’ Association (IBA). The choice was made throughout the IBA’s managing committee assembly on March 28, 2025.
Setty succeeds Sunil Mehta on this position and can serve on this position till the following Annual Basic Assembly (AGM). The IBA represents the pursuits of the banking sector and performs a key position in coverage advocacy, coordination amongst banks, and addressing business challenges.
Along with Setty’s appointment, the IBA has elected three deputy chairpersons together with, A Manimekhalai, MD & CEO of Union Bank of India, Swarup Kumar Saha, MD & CEO of Punjab & Sind Financial institution, and Madhav Nair, Nation Head & CEO-India of Financial institution of Bahrain & Kuwait BSC.
Moreover, B Ramesh Babu, MD & CEO of Karur Vysya Financial institution, has been appointed because the honorary secretary of the affiliation.
Setty brings over 35 years of expertise within the banking business, having began his profession as a Probationary Officer at SBI in 1988. Over time, he has held key management positions, together with heading Worldwide Banking, International Markets, and Know-how verticals earlier than changing into the twenty seventh Chairman of SBI in August 2024.
