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Airtel Payments Bank appoints ex-ICICI executive A Biswas as MD, CEO

Press Trust of India  |  New Delhi 

today said that it has appointed former Biswas as its Managing Director and

We are delighted to have on board. I am confident that his experience will add immense value to the bank's agenda of financial inclusion and digital leadership. I wish him the very best for his new assignment, Airtel Payments Bank, Chairman, said in a statement.

In his new role, Biswas will be responsible for driving Airtel Payments Bank's mission of taking convenient and innovative to the doorstep of every Indian, the statement said.

Prior to joining Airtel Payments Bank, Biswas was the - South India, for and was responsible for managing the business across over 550 branches of the bank.

The appointment of Biswas comes five months after the exit of Shashi Arora, the first MD and of The resignation of Arora coincided with suspension of e-KYC licence by Aadhaar-issuing body Unique Identification Authority of (UIDAI) in December.

The UIDAI had barred and Airtel Payments Bank from conducting Aadhaar-based verification of customers using the e-KYC process.

Later, it allowed Airtel to conduct Aadhaar-based verification of mobile subscriber but e-KYC licence for Airtel Payments Bank continues to be suspended.

The action was taken following allegations that was using the Aadhaar-e-KYC-based SIM verification process to open of its subscribers without their informed consent'.

Airtel Payments Bank was the first payments bank to start operations in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 24 2018. 16:30 IST