Managing Director & Chief Executive Officer, NPCI
Mr. A.P. Hota, Managing Director & CEO of National Payments Corporation of India since February 2009 was 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 titled “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. He also played a key role in widening the use of electronic payments in India. Concurrently, he is also a member in various Committees of the Government of India and Reserve Bank of India (RBI) and has contributed to policy and decision-making processes in Payment Systems and Financial Inclusion in particular.