J Venkatramu takes charge as MD & CEO of India Post Payments Bank ANI | Updated: Jan 07, 2021 16:53 IST
New Delhi [India], January 7 (ANI): J. Venkatramu has taken up charge as the new Managing Director and Chief Executive Officer of the India Post Payments Bank (IPPB) on Thursday.
He has over two decades of experience across the various domains of the banking sector and has expertise in products, business management & strategy spanning liabilities, digital financial services, payments, cards, mobile banking and wallets.
The bank announced that Venkatramu took the charge of the posts, which became effective from October 29, 2020.
Prior to joining IPPB, Venkatramu served as the Chief Digital Officer at Equitas Small Finance Bank. He has also worked with Axis Bank as Deputy Vice President from 2002 till 2015.
J Venkatramu takes charge as MD, CEO of IPPB
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Major Bank Fraud! SBI, PNB, Bank of Baroda among banks cheated of Rs 525 crore
In a major banking fraud, prominent banks in the country have been cheated of over 500 crore rupees. The Central Bureau of Investigation (CBI) has registered two separate cases relating to the bank frauds. According to the complaints registered with the probe agency, a consortium of banks including the State Bank of India (SBI) was duped of Rs 452.62 crores and Bank of Baroda of Rs 73 crores.
The first case was registered on the complaint from State Bank of India (SBI) against a private firm based in Gujarat s Ahmedabad and others including its Directors and unknown public servants on the allegations of cheating the consortium of banks including State Bank of India to the tune of Rs 452.62 crore (approximately) during the period 2013 to 2017. It was alleged that during the period between 2013 and 2017, the accused entered into a criminal conspiracy to defraud the consortium of ba
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The Department of Post (India Post) and the India Post Payments Bank (IPPB) on Tuesday launched a new digital payment app ‘DakPay’ for its customers to operate their banking service online.
The Department of Post (India Post) and the India Post Payments Bank (IPPB) on Tuesday launched a new digital payment app âDakPayâ for its customers to operate their banking services online. The app was unveiled as part of its ongoing efforts to provide Digital Financial inclusion at the last mile across India by Union Communications and IT Minister Ravi Shankar Prasad. DakPay will provide digital financial and assisted banking services provided by India Post and IPPB through the postal network across the country. It will facilitate services such as sending money, scanning QR code and making payment for services and merchants digitally.
Updated Dec 15, 2020 | 17:49 IST
DakPay is not just a digital payment app but a suite of digital financial and assisted banking services provided by India Post & IPPB through the trusted Postal (‘Dak’) network across the nation India Post Payments Bank launches new digital payment app DakPay
New Delhi: Department of Posts (DoP) and India Post Payments Bank (IPPB) unveiled a new digital payment app ‘DakPay’ at a virtual launch event on Tuesday. The App is launched as part of its ongoing efforts to provide Digital Financial inclusion at the last mile across India.
DakPay is not just a digital payment app but a suite of digital financial and assisted banking services provided by India Post & IPPB through the trusted Postal (‘Dak’) network across the nation to cater to the financial needs (‘Pay’) of various sections of the society – be it sending money to the loved ones (Domestic Money Transfers – DMT), Scan QR code and make payment
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