Indian Banks’ Association to push for more reforms, take over EASE agenda

Indian Banks’ Association or IBA has taken up reformation of the corporate lending system, dealing with issues like syndicate lending and multiple financing, said its chief executive Sunil Mehta. “IBA has given its recommendations to RBI,” he said. The government, however, wants the banking association to have domain experts and not limit itself to an association that passes banking issues to the RBI. “IBA can also look at providing training and skilling of middle management banking professionals for unburdening the banks in terms of empowering and upskilling the banking professionals in the country,” said financial services secretary Debasish Panda.