India Post Payments Bank appoints Sethi as MD & CEO

India Post Payments Bank (IPPB) appointed Suresh Sethi as its Managing Director and Chief Executive Officer.

Sethi was the former Managing Director of Vodafone M-Pesa and has broad international experience of over 27 years in the banking and financial services industry with Citigroup and YES Bank, across India, Kenya, the UK, Argentina and the US.

IPPB has been incorporated as a public limited company under the Department of Posts with 100 per cent Government of India equity. IT plans to leverage the reach of the India Post network to achieve a pan-India rollout of 650 branches by early next year.