India Post Payments Bank (IPPB) has appointed Suresh Sethi as its new Managing Director(MD) and Chief Executive Officer (CEO), replacing AP Singh who was holding the position as an interim since January 2017.
Sethi was earlier appointed as the MD Vodafone M-Pesa Ltd.
The Banks Board Bureau has selected Sethi from amongst the top contenders for the position, including public and private sector banking and fintech professionals.
He has over 27 years of broad international experience in the banking and financial services sector with renowned players like Citigroup and YES Bank, across India, Kenya, the UK, Argentina and the US.
He has an experience in the financial inclusion space, where he played an important role in leveraging digital-led innovation.
IPPB is operated as a public limited company under the Department of Posts. It holds a 100 per cent Government of India equity.
The brand plans to broaden its reach further and achieve a pan-India launch of 650 branches by early next year.