Mr. AP Hota | Managing Director & Chief Executive Officer
National Payments Corporation India

Mr. A.P. Hota, Chief Executive Officer of National Payments Corporation of India since February 2009 is a career central banker for 27 years. A significant part of his career has been in the area of design and implementation of Payment systems in India. During last three decades, he has played a key role in implementation of MICR technology in cheque Clearing, Electronic Funds Transfer, Automated Clearing House and Cheque Truncation system in India. His research document “RTGS System in USA - Lessons for India” as a part of IIB Diamond Jubilee Overseas Fellowship in 1997 was the starting point of RTGS design and implementation in India. Mr. Hota had headed the Department of Payment and Settlement Systems in Reserve Bank from March 2005 to July 2008 during which the ‘Payment and Settlement Systems Act’ was legislated, NEFT was introduced and there was rapid expansion in the access and usage of electronic payment systems. National Payments Corporation of India has been set up by banks in India under the aegis of Indian Banks Association, and support and guidance of Reserve Bank of India with an objective to play the role of the umbrella institution for all retail payment systems in the country. The task is to build the central infrastructure where all inter-bank transactions in retail payment systems would converge for routing and settlement. NPCI would also play the role of central infrastructure for UID and mobile based financial inclusion transactions.