Here is a summary of the content in 400 words:
The Indian Banks’ Association (IBA) has announced that Atul Kumar Goel has taken over as its new Chief Executive (CE). With over three decades of experience in the banking sector, Goel brings a wealth of knowledge and leadership expertise to the Association at a critical time when the Indian banking industry is rapidly evolving.
Goel’s career has spanned roles in four major Indian banks, including Allahabad Bank, Union Bank of India, UCO Bank, and Punjab National Bank (PNB), where he served as MD & CEO from February 2022 to December 2024. His leadership during his tenure at PNB focused on strengthening the bank’s financial position, improving risk management, and enhancing customer service and digital banking solutions.
Goel has also had a significant presence in the IBA, serving as Chairman for two consecutive terms and playing a pivotal role in policy formulation, banking reforms, and financial sector advocacy. His appointment as CE of IBA is seen as a natural progression, as he is well-versed in the challenges and opportunities in India’s banking landscape.
Goel succeeds Sunil Mehta, who served as IBA’s CE from January 2020 to September 2024. Mehta, also a former MD & CEO of PNB, focused on increased collaboration among banks for digital transformation, stronger regulatory frameworks, and proactive engagement with the Reserve Bank of India (RBI) on banking reforms.
As CE of IBA, Goel is expected to prioritize strengthening the Association’s role in shaping banking policies, driving digital transformation, enhancing risk management, and promoting sustainable and inclusive banking practices. His experience and leadership skills are expected to bring positive changes in banking policies, financial regulations, and industry best practices.