A P Hota Retires from NPCI


National Payments Corporation of India (NPCI) has announced that A. P. Hota’s term has ended as MD & CEO on August 10, 2017. He was the first MD &CEO since August 23, 2010. In the 55th Board meeting held on August 11, 2017, it was resolved that Chief Operating Officer, Dilip Asbe will be the CEO-in- Charge till a new incumbent assumes charge.
Asbe has been in NPCI since its inception and has played a pivotal role in designing, building, operationalising and managing large scale payment processing platforms like Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), Immediate Payment Service (IMPS), India’s home-grown card network – RuPay and several other initiatives.


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