The department of posts’ payments bank will be called India Post Payments Bank. It will get an approval from RBI by March 2017. It added that the IPPB will set up 650 payments bank branches. It will be further bolstered by linked post offices and alternative channels. To give context, the largest bank in the country is State Bank of India with over 13,000 branches

India Post Payments Bank to commence commercial operations by September 2017

Leave a Reply

Your email address will not be published. Required fields are marked *