State Bank of India's chairman, OP Bhatt, has been elected as the new chairman of the Indian Banks Association (IBA) for 2010-11.
Bhatt will take charge from MV Nair, chairman and managing director of Union Bank.
HDFC Bank's managing director Aditya Puri, Bank of Baroda's chairman and managing director MD Mallya and Canara
Bank's chairman and managing director AC Mahajan were
elected as deputy chairmen.
Yes Bank's managing director and chief executive officer, Rana Kapoor, has been elected as honorary secretary of the association.
The association elected its office bearers after the conclusion of its annual general meeting held today.
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