Union bank

UCO Bank Chairman AK Goel is new IBA Chairman and succeeds Union Bank MD

AK Goel, Managing Director & CEO (MD & CEO), UCO Bank is the new chairman of the banking industry lobby group Indian Bank’s Association for 2021-2022. He succeeds Rajkiran Rai G, Managing Director and CEO of Union Bank of India.

IBA’s board of directors, at its meeting on October 14, 2021, elected Goel president of the association, IBA announced today in a statement.

The other elected Association officers are Dinesh Kumar Khara, President, State Bank of India, LV Prabhakar, MD & CEO, Canara Bank and Rakesh Sharma, MD & CEO, IDBI Bank Ltd as vice presidents of the ‘Association. Madhav Nair, Country Head & CEO, Mashreqbank PSC is the Honorary Secretary of the Association, he added.

In September 2021, the Banks Board Bureau (BBB) ​​recommended Goel’s name for the next post of Managing Director and Managing Director of Punjab National Bank (PNB). The Indian government would take the final appeal on the nomination. In August 2021, the government extended the tenure of SS Mallikarjuna Rao, chief executive officer and current CEO of the PNB chief, to January 31, 2022. Goel heads UCO Bank, a public sector lender based in Kolkata, since November 2018 .

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