• Thursday, August 11, 2022

Business

India’s Modi to Launch India Post Payments Bank to Support Common Man

Indian PM Narendra Modi to Launch India Post Payments Bank to Support Common Man.

By: Radhakrishna N S

India’s prime minister, Narendra Modi, will launch the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi today (01). IPPB has been envisioned as an accessible, affordable and trusted bank for the common man, to help speedily achieve the financial inclusion objectives of the union government. “IPPB will leverage the vast network of the Department of Posts, which covers every corner of the country with more than 300,000 Postmen and Grameen Dak Sewaks. IPPB will hence significantly augment the reach of the banking sector in India,” said prime minister’s office. The launch of IPPB marks another significant milestone…

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