India Post Payments Bank (IPPB) has appointed Mr. Suresh Sethi, the
former MD of Vodafone M-Pesa Ltd. as its Managing Director & Chief
Executive Officer. Mr. Sethi had been selected by the Banks Board Bureau
from amongst top contenders for the post, from both public and private
sector Banking and Fintech professionals. Mr. Sethi has broad
international experience of over 27 years in the Banking and Financial
Services industry with Citigroup, YES Bank and Vodafone M-Pesa across
India, Kenya, UK, Argentina and US. He has extensively worked in the
Financial Inclusion space leveraging Fintech and digital led innovation.
His experience in the Digital & Mobile Payments space will be of
great relevance to IPPB which aims to deliver financial inclusion with
special focus in rural and semi-urban India and among the under-banked
segments. Mr. Sethi takes over from the dynamic leadership of Mr. A.P.
Singh who had been the interim MD & CEO of IPPB since January 2017.
IPPB has been incorporated as a Public Limited Company under the
Department of Posts with 100% GOI equity. IPPB plans to leverage the
unparalleled reach of the India Post network to achieve a Pan India roll
out of 650 branches by early next year.
