Dr. Vivek Bhandari, President IIHMR University appointed Independent Director of the Jio Payments Bank
To confront India’s challenge of financial inclusion, one of the most-awaited entrants in the banking sector, the Jio Payments Bank Ltd, has appointed IIHMR University’s president, Dr. Vivek Bhandari as one of four independent directors. A joint venture of Reliance Industries Ltd, and India’s largest bank, the State Bank of India, Jio Payments Bank was was incorporated on November 10, as per documents filed with the Registrar of Companies (RoC). In September 2015, this payments bank had received an in-principle approval from the Reserve Bank of India. Dr. Bhandari’s active involvement in this high-impact initiative will give IIHMR University a central presence in India’s fast changing technological revolution.