India Post Payments Bank
Sumit Bhatnagar possesses extensive experience in internal auditing and management within the banking and medical systems sectors. Since March 2018, Sumit has served as a Senior Manager in the Internal Audit Department at India Post Payments Bank. Prior to this role, Sumit held a Senior Manager position at South Indian Bank from August 2009 to February 2018 and worked as a Senior Engineer at Prognosys Medical System from May 2008 to August 2009. Sumit holds a Master's degree in Biomedical Instrumentation from the Birla Institute of Technology, Mesra, completed in 2008, and a Bachelor of Applied Science in Instrumentation from Delhi University, obtained in 2006.
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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.