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Suresh Sethi appointed as MD & CEO of India Post Payments Bank

India Post Payments Bank (IPPB) appointed Suresh Sethi, former MD of Vodafone M-Pesa Ltd. as its Managing Director and chief executive officer, replacing AP Singh who had held the post in the interim since January 2017.

Sethi had been selected by the Banks Board Bureau from amongst top contenders for the post, from both public and private sector banking and fintech professionals, the ministry of communications said Monday.

“His experience in the digital and mobile payments space will be of great relevance to IPPB which aims to deliver financial inclusion with special focus in rural and semi-urban India and among the under-banked segments,” the ministry said in a statement.

Sethi has broad international experience of over 27 years in the Banking and Financial Services industry with Citigroup, YES Bank and Vodafone M-Pesa across India, Kenya, UK, Argentina and US. He has extensively worked in the financial inclusion space leveraging fintech and digital led innovation.

IPPB has been incorporated as a Public Limited Company under the Department of Posts with 100% equity from the government. IPPB plans to leverage the unparalleled reach of the India Post network to achieve a pan-India roll out of 650 branches by early next year.

Courtesy : The Economic Times

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