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
