Sambamurthy appointed as NPCI interim Board chairman

Bengaluru: The Board of National Payments Corporation of India (NPCI), the umbrella organisation for all retail payment systems in the country, on Thursday announced the unanimous 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 Bank prior 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.