Balachandran M has been re-appointed the Non-Executive Chairman of National Payments Corporation of India (NPCI) for a further period of two years.
He assumed office as Non-Executive Chairman two years back following the resignation of former NPCI Chairman N. R. Narayana Murthy.
Balachandran incidentally has served as Chairman & Managing Director of Bank of India, Director-IBPS, and Nominee Director of the RBI to the board of NPCI before his appointment in NPCI.
The Corporation has grown in the last two years, particularly in RuPay card, immediate payment service (IMPS), and Aadhaar-based electronic transfer systems