Who has been appointed the interim Managing Director and CEO of India Post Payments Bank (IPPB)?
[C]S R Reddy
[D]A P Singh
A P Singh
A P Singh, a 1986 batch Indian Postal Service officer, has been appointed the interim Managing Director and CEO of India Post Payments Bank (IPPB). Earlier, he was the joint secretary in the Department of Investment and Public Asset Management (DIPAM). He has also served as the deputy director general in-charge of financial inclusion and payment systems in the founding team of UIDAI (Unique Identification Authority of India). The IPPB has recently received Reserve Bank of India (RBI)’s final nod to commence commercial operations.The IPPB will confine its activities to acceptance of demand deposits, remittance services and other specified services. It can accept deposits up to Rs. 1 lakh per account from individuals.