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.