India Post Payments Bank
Uma Shankar is an experienced banking professional currently serving as the Assistant General Manager of Compliance at India Post Payments Bank since March 2019, with roles in the Internal Audit Department and Fraud Risk Management. Prior to this, Uma held the position of Assistant Vice President at Axis Bank from April 2011 to March 2019, managing corporate relationships for a significant portfolio. Uma's career began at Vijaya Bank in 1995, where skills in credit appraisal and risk management were developed. Education includes a Bachelor of Arts from St. Columba's College and a Master of Business Administration in Banking & Finance from Indira Gandhi National Open University, complemented by ongoing certification as a Certified Anti Money Laundering Specialist through ACAMS.
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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.