India Post Payments Bank (IPPB) has appointed Suresh Sethi, the former MD of Vodafone M-Pesa as its Managing Director & Chief Executive Officer.
Sethi has been selected by the Banks Board Bureau from amongst top contenders from both public and private sector banking and fintech professionals.
Sethi has 27 years of international experience 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.
Sethi takes over from A.P. Singh who had been the interim MD & CEO of IPPB since January 2017.
IPPB has been incorporated as a Public Limited Company under the Department of Posts with 100% Government of India equity. 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.