India Post Payments Bank (IPPB) has appointed Suresh Sethi (former MD of Vodafone M-Pesa Ltd.) as its Managing Director (MD)and chief executive officer (CEO).

He takes over from AP Singh who had held the post in the interim since January 2017. 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. The India Post Payments Bank (IPPB) has been incorporated as a public-sector company under the Department of Posts with 100% GOI equity. India Post has about 1,54,000 post offices, of them 90% are in rural areas.