Tuesday, August 23, 2016

RS Sodhi appointed as Director on India Post Payments Bank board

Gujarat Co-operative Milk Marketing Federation (GCMMF) managing director RS Sodhi has been appointed as an independent director on the board of India Post Payments Bank, which will be the first public sector undertaking under the Department of Posts.

"Recently Sodhi was intimated about his appointment on the board of India Post Payments Bank," confirmed sources in GCMMF, which markets Amul brand of milk and milk products.

India Post Payments Bank received the certification of incorporation from the registrar of companies on August 17 . The payments bank is likely to commence its operations by March 2017.

India Posts Payments Bank is one of the 11 applicants to have received the Reserve Bank of India (RBI) approval for setting up the payments bank.

Payments bank licence allows companies to collect deposits, offer Internet banking, facilitate money transfers and sell insurance and mutual funds. India Post currently has the massive network of 1.55 lakh post offices across the country.

अमूल के एमडी आर.एस. सोढ़ी को इंडिया पोस्ट पेमेंट बैंक का स्वतंत्र निदेशक नियुक्त किया गया है। वे पांच स्वतंत्र निदेशकों में से एक हैं। 
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