Current Affairs - Business - Discussion

Indiabulls Ventures appointed Abhaya Prasad Hota, as an independent director on the board for a period of 3 years. Abhaya Prasad Hota is a former managing director at the National Payments Corporation of India (NPCI). He was involved in designing the operating payments eco-system. He had worked with the Reserve Bank of India (RBI) for 27 years. He had played a major role in launching payment systems like MICR (Magnetic Ink Character Recognition), RTGS (Real Time Gross Settlement), NEFT (National Electronic Funds Transfer), IMPS (Immediate Payment Service) and Aadhaar based system with UIDAI (Unique Identification Authority of India).