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) and Chairman and Managing Director of Corporation Bank prior to that.
Important Takeaways from Above News-
- NPCI is the umbrella organization for all retail payment systems in the country
- B Sambamurthy has been the nominee director from the Reserve Bank of India (RBI) on the board of NPCI since December 5, 2013.
Source- The Hindu Business Line