Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
November 22, Wednesday 2017 9:15 AM       

       HEADLINES: Purchasing laptop under IT@school: Laptop price reduced by Rs 455                                              One arrested in connection with attack on Mayor                                              There was no pressure: Justice P S Antony                                              Clashes in Munnar hartal, CPI not participating                                              ‘Honey trap’ case against A K Saseendran: Commission submits report                                              ‘Padmavati’ row: Kamal wants Deepika’s head 'saved'                                              Indian Army breaks world record with 58 men on single bike                                              IFFI 2017: Sridevi inaugurates Indian Panorama                                              Finally, Robert Mugabe resigns                                              Kohli climbs to fifth spot in Test rankings                                              Sindhu leads India's challenge at Hong Kong Open                                              India vs SL: Bhuvi, Dhawan released from team                                              Kaumudi Facebook
       BUSINESS Next Article: Shell companies deposited over Rs. 17 cr after note ban  
       India Post Payments Bank to operate in 650 locations
 
         Posted on :23:20:49 Nov 5, 2017
   
A A
       Last edited on:23:20:49 Nov 5, 2017
         Tags: Post Payments Bank to operate in 650 location
 

NEW DELHI: In a bid to drive the growth of financial inclusion, Union Telecom Minister Manoj Sinha claimed that the India Post Payments Bank (IPPB) is slated to be operational in over 650 locations across the country by April next year.

Sinha, who was present during the recent launch of the Deen Dayal SPARSH scholarship scheme, had said that while such institutions are already operational in two locations- Ranchi and Raipur-many more such facilities will be made available to the nation, and will be linked to 1.55 lakh rural post offices to carry out banking services.

The Raipur and Ranchi branches of the IPPB were launched on January 30 this year as a Public Sector Bank under the Department of Posts with 100 percent government of India equity.

IPPB currently offers Savings account up to a balance of Rs 1 lakh, along with digitally-enabled payments and remittance services of all kinds between individuals. In the near future, IPPB is expected to provide current accounts and access to third-party financial services like insurance, mutual funds, pension, credit products, and foreign exchange.

A A
       BUSINESS
Next Article: Shell companies deposited over Rs. 17 cr after note ban
 
 
BUSINESS HEADLINES
43.67 lakh biz file initial GST returns for October  
India advances three spots to 51 on IMD World Talent Ranking  
Sensex stays up for 4th day, spurred by RIL  
Sensex, Nifty end higher for 3rd day in volatile trade  
7.5-8 pct GDP growth expected this year: NITI Aayog VC  
Sensex loses sheen, IT, metal stocks weigh  
Chances of confirmation of wait list tickets during holidays now high: study  
Govt seeks Rs. 13,000-cr surplus from RBI  
HC judges, experts brainstorm on likely GST litigations  
Manmohan Singh corners Centre over GST  
Congress raises questions over Moody's reliability  
Nothing to celebrate Moody's rating: Yechury  
Moody's rating is answer to sceptics: Arun Jaitley  
Moody's ups India credit rating  
Sensex zooms 414 points after Moody's ups India rating  
Industry pitches for bringing natural gas under GST  
Cabinet permits export of all types of pulses  
Sensex opens in green on value-buying, climbs 164 points  
US dollar ends cheaper against rupee  
Indian companies create 113 K jobs in US: Report  
Largest diamond ever auctioned sold for record $34 mn in Geneva  
Wholesale inflation caps six-month high at 3.59pct for Oct  
SBI reduces employee strength; more people set to retire  
Sensex trades high, takes retail inflation in stride  
Foreign tourist arrivals up by 18.1 pct this Oct  
 
Do you think media was banned at CM's office on Tuesday?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy