PM/FM Enact banking governing Act to regulate all activities of Indian Banking Association
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Right to Information Requests have Revealed that IBA or Indian Banks Association is a Un-Registered Body functioning since 1946 and all member banks pay Membership fees of ₹ 50000/Per month and these Top Officers Play Dual Roles in fixation of Salaries of Employees to Policy Decisions on Banking Law & Practice, Even conducting professional examination and awarding diplomas so that employees of public sector banks get promotions and land up as top bankers Directly affecting the Economy of the Country recent exposures of Huge Scams & Frauds Which are Eating away Tax Payers Money . It is High time this IBA (Indian Banks Association) is Dissolved or Liquidated and the Parliament Enacts a Banking Institute like CA Institute of Architects Council to Govern the Day to day Governance of Our Banks and the Government of India should have more control and oversight of our banks rather than un-registered body like IBA which cannot be held responsible for any advice or forgoing notices of malpractices by the officials who play a dual role both at the bank level and at the association level.
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