A P Singh appointed interim head of India Post Payments Bank

Posted on:31 Jan 2017 09:31:31
A P Singh appointed interim head of India Post Payments Bank
31 January 2017 Current Affairs: AP Singh has been appointed as the interim Managing Director and CEO of India Post Payments Bank (IPPB) by the government.

Earlier, he worked as a Joint Secretary in the Department of Investment and Public Asset Management. He was one of the founding members of the Unique Identification Authority of India.

IPPB received the final license from RBI to start its operation as payment Bank. With this it has become the third entity after Bharti Airtel and digital payments firm Paytm to receive the approval from RBI and till now only Airtel has started operations.

IPPB has been incorporated as a Public Sector Bank under the Department of Posts with 100% GOI equity. Payments banks can accept deposits from individuals and small businesses of up to Rs 1 lakh per account.

IPPB would deal with acceptance of demand deposits, remittance services and other specified services.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs September 2017

25 SEPTEMBER
NEWS
23 SEPTEMBER
NEWS
22 SEPTEMBER
NEWS
21 SEPTEMBER
NEWS

Current Affairs August 2017

31 AUGUST
NEWS
30 AUGUST
NEWS
29 AUGUST
NEWS
28 AUGUST
NEWS

Current Affairs July 2017

31 JULY
NEWS
29 JULY
NEWS
28 JULY
NEWS
27 JULY
NEWS