Mr B. Sambamurthy appointed as interim Chairman
The Board of NPCI has announced the unanimous appointment of Mr B. Sambamurthy as interim Chairman of the Board. He replaced retiring Chairman, Mr Balachandran M. Mr Sambamurthy was formerly Director and CEO of Institute for Development and Research in Banking Technology (IDRBT) and Chairman and Managing Director of Corporation Bank prior to that. He has been the Nominee Director from Reserve Bank of India (RBI) on the board of NPCI since December 5, 2013. The Board expressed deep appreciation for the dynamic progress of the Company during the tenure of Mr Balachandran M. as Non-Executive Chairman from September 23,
2013, till September 20, 2017.