T M Bhasin elected IBA chairman

T M Bhasin, chairman and managing director of Indian Bank, was today elected as the chairman of the umbrella banking body Indian Banks Association for 2014-15.
Bhasin will be succeeding K R Kamath, who is also the chairman and managing director of Punjab National Bank.
"The manging committee at the meeting held today elected Bhasin as the chairman for the term 2014-15," the Indian Banks Association (IBA) said here after the annual general meeting.
UCO Bank chairman and managing director Arun Kaul, Oriental Bank of Commerce head S L Bansal and ICICI Bank managing director Chanda Kochhar have been elected deputy chairpersons of the association.

State Bank of India chairperson Arundhati Bhattacharya is the honorary secretary of IBA for the year.