NPCI conducted its Ninth Annual General Meeting

The Ninth Annual General Meeting of NPCI was held on September 20, 2017 in Mumbai which was attended by representatives of 45 member banks. NPCI board members, auditors and management team participated in the meeting. Mr. Balachandran M. and Ms. Deena Mehta ceased to be independent directors on the Board of the Company with effect from September 20, 2017.

Mr. B. Sambamurthy appointed as interim Chairman

The Board of NPCI has announced the unanimous appointment of Mr. B. Sambamurthy as interim Chairman of the Board. He replaced retiring Chairman, Mr. Balachandran M. Mr.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. The Board expressed deep appreciation for the dynamic progress of the Company during the tenure of Mr.Balachandran M. as Non-Executive Chairman from September 23, 2013 till September 20, 2017.