Challa Sreenivasalu Setty Appointed as New Chairman of Indian Banks’ Association (IBA).

Challa Sreenivasalu Setty To Be the New Head of Indian Banks’ Association (IBA) Setty has been elevated from the role of Chairman of The State Bank of India, to now taking charge as Chairman of Indian Banks’ Association (IBA), the single overarching organization of Indian banking. Given Setty’s wealth of over three decades of working as a professional in the finance industry, he has singlehandedly spearheaded reforms in banking along with the SBI In his speech garee expressed his appointment was confirmed in the Managing Committee Meeting of IBA on 28 March 2025. This change in leadership marks a serious turn in banking history. Setty takes over from MV Rao who was previously the head during the transition period. Asisstant Chief of Central Bank of India held the icing position of The Chairperson Setty now gets the charge of IBA and is confident that he will be able to shift the focus on the important parts of policy development and cooperation within banks. It is entirely expected that owing Setty’s innovative insights and long time experience, the development of the banking sector will take a different turn towards attaining financial development, innovation, and greater use of modern technology in providing banking services.

In collaboration with SBI, IBA aims to improve regulatory policies, increase productivity within the banking industry, and improve technology with Setty in charge. She brings attention to the growing focus the banking industry in India has had working towards sustainable development while adopting best practice policies for global contexts and the changing economy.

Setty’s leadership at IBA ensures that the association will remain one of the strongest voices behind transforming policies for the better and nurturing the development of the country’s financial services sector. He will further strengthen India’s banking system and its contribution towards the economic growth of the nation and the world.

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