J Venkatramu has been appointed the managing director and chief executive officer of India Post Payments Bank (IPPB). He will succeed Suresh Sethi, who served the post till March 2020. Venkatramuis presently working as the chief digital officer in Equitas Small Finance Bank. He has been appointed to the post of MD and CEO of IPPB for a period of three years.
Important takeaways for all competitive exams:
- Prime Minister Narendra Modi had launched IPPB in 2018.
- India Post Payments Bank (IPPB) was incorporated as Payments Banking Company under Section 22 (1) of Banking Regulation Act, 1949.
- India Post Payments Bank (IPPB) Headquarters: New Delhi.