Dilip Asbe was on 8 January 2018 appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of the National Payments Corporation of India (NPCI), an umbrella organisation for retail payment systems in India.
Prior to this appointment, Asbe was serving NPCI as its CEO-in-charge. He was appointed as CEO-in-charge in August 2017. Asbe succeeded AP Hota, whose term as MD and CEO ended on 10 August 2017.
Asbe has been serving in the NPCI since its inception. He has played a key role in designing, operationalising and managing payment platforms like Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), Immediate Payment Service (IMPS), India’s home-grown card network RuPay, and several other initiatives.
About National Payments Corporation of India
• NPCI, an umbrella organisation overseeing retail payments and settlement systems in India, is an initiative of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA), to build a strong payment infrastructure.
• National Payments Corporation of India (NPCI) was incorporated in December 2008 and the Certificate of Commencement of Business was issued to it in April 2009.
• It was incorporated as a Section 25 company under Companies Act, 2013 and is aimed to operate for the benefit of all the member banks and their customers.
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Who: Dilip Asbe
When: 8 January 2018
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