India Post Payments Bank
Malaya Kumar Mohapatra is an accomplished banking professional with extensive experience in various managerial roles within the financial services sector. Currently serving as Senior Manager at India Post Payments Bank since October 2018, Mohapatra previously held the position of Branch Manager (MMII) at ICICI Bank from March 2011 to October 2018 and served as Assistant Manager at Aviva India from February 2006 to December 2010. Mohapatra began a career in banking with an On the Job Training at Punjab National Bank shortly after completing an MBA in Banking-Insurance & Finance from KIIT School of Management. Additional qualifications include a CAIIB from IIB&F, a Fellowship from the Insurance Institute of India, and a PGDM in Credit Management from the National Institute of Bank Management. Mohapatra also participated in a six sigma program to enhance operational efficiency and completed a NISM Mutual Fund certification.
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India Post Payments Bank
India Post Payments Bank (IPPB) has been setup under the Department of Post, Ministry of Communication with 100% equity owned by Government of India. The fundamental mandate of IPPB is to become the most accessible, affordable and trusted bank for the common man in India, removing barriers for the unbanked and reducing opportunity cost to the underbanked, and in doing so, promote the adoption of cashless transactions in a predominantly cash economy. IPPB will create a platform which will bridge a critical gap in access to formal financial services in every part of our country, by leveraging the Department of Posts’ (DoP’s) unparalleled reach and visibility across India, through its 155,000 post offices and the trust that it enjoys among the common man. Ultimately, IPPB’s vision is to be the most accessible, affordable, and trusted bank for the common man.