Finance Union Bank of India MD and CEO Rajkiran Rai is new chairman of IBA Updated : October 17, 2020 08:58 AM IST State Bank of India's chairman Dinesh Kumar Khara has been elected as the deputy chairman of the association. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.