Current Affairs

Sambamurthy Appointed NPCI Interim Chairman

National Payments Corporation of India (NPCI) has appointed B Sambamurthy as interim Chairman of the board.

  • He will replace M Balachandran, who was Non-Executive Chairman of NPCI
  • Sambamurthy was formerly Director and CEO of the Institute for Development and Research in Banking Technology (IDRBT).
  • He was the Chairman and Managing Director of Corporation Bank
  • He had served as the nominee director from the Reserve Bank of India (RBI) on the board of NPCI since December 5, 2013.

About NPCI

  • National Payments Corporation of India is the umbrella organisation for all retail payment systems in India.
  • It was founded in 2008.
  • It primarily aims to allow all Indian citizens to have unrestricted access to e-payment services.
  • NPCI is a not-for-profit organisation registered under section 8 of the Companies Act 2013
Sambamurthy Appointed NPCI Interim Chairman Sambamurthy Appointed NPCI Interim Chairman Reviewed by insiya yadav on September 22, 2017 Rating: 5

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