T M Bhasin was elected as Chairman of Indian Banks Association (IBA) . He will be the Chairman of IBA for 2014-15.T M Bhasin is the chairman and managing director of Indian Bank. He replace KR Kamath
Besides, Chanda Kochhar who is ICICI Bank’s managing director, Arun Kaul, CMD of UCO Bank and S L Bansal who is the head of Oriental Bank of Commerce have been elected as the deputy chairpersons of the association. Arundhati Bhattacharya, chairperson of State Bank of India was elected as Honorary Secretary of IBA for 2014-15.