Tag: Payments Banks

Rs.500 Crores allocated to India Post Payments Bank

Indian Government has escalated its pace on setting up over 650 branches of IPPB all around the nation within next 5-6 months, typically by September 2017. India Post will establish its payments bank in Ranchi and Raipur on a pilot basis. IPPB will be allocated a handsome amount of Rs. 500 crore for the complete project and its distribution will be as follows: An aid…