Sambamurthy appointed as NPCI interim Board chairman

The Board of National Payments Corporation of India (NPCI), the umbrella organisation for allretail payment systems in the country, today announced theunanimous appointment of B Sambamurthy as interim Chairman of the Board.

Sambamurthy replaces retiring Chairman, Balachandran M, NPCI said in a statement.

It said Sambamurthy was formerly Director and CEO of Institute for Development and Research in Banking Technology (IDRBT) and Chairman and Managing Director of Corporation Bankprior to that.

He has been the Nominee Director from Reserve Bank of India (RBI) on the board of NPCI since December 5, 2013, it added.