Financial support to India Post Payments Bank

Sakshi Education

The Union Cabinet has given its approval for the financial support of Rs. 820 crore for the India Post Payments Bank. This monetary support will help the state-run payments bank penetrate deeper into the nation, especially in the country’s rural areas, and will work towards boosting financial inclusion.
IPPB has more than five crore accounts currently and is operating through 1.36 lakh branches.
IPPB plays an instrumental role to carry out the various social objectives of the central government.
This support will help the bank to advance the financial inclusion agenda of the government, especially in the country’s rural areas.

Published date : 30 Apr 2022 06:24PM