India Post Payments Bank to get 650 branches across India to establish financial inclusion: Manoj Sinha
Communications Minister Manoj Sinha today said the government is working on establishing 650 branches for India Post Payments Bank to facilitate financial inclusion, and unveiled two new offerings
The prevailing situation in the sector offers a major opportunity for the postal department. It should quickly ramp up its infrastructure and set up a technology platform to take on the biggies
India Post is the third entity that recently received the licence to start payment bank operations from RBI last week.
India Post Payments Bank will start operations in March 2017 in about 50 districts and cover the entire country by the end of financial year 2018-19