SBI chief Setty may head IBA

Former PNB MD AK Goel likely to be chief executive

- PRASANTA SAHU

THE INDIAN BANKS' Association (IBA) may elect State Bank of India (SBI) chairman and managing director Challa Sreenivasulu Setty as its next chairman, sources told FE.

The annual general meeting of the top lobby group of the banking sector, pending since September 2024, will be held later this month to elect the new chairman for 2025-26.

Former managing director and CEO of Punjab National Bank, AK Goel, who was the IBA chairman from November 2021 to March 2024, is likely to make a return as the chief executive.

Goel's name was recently agreed upon by the managing committee of the IBA. It will be formalised once finance minister Nirmala Sitharaman gives her nod.