Prime Minister Narendra Modi on Saturday launched India Post Payments Bank (IPPB) aimed at strengthening financial inclusion by taking banking services to the unbanked rural areas across the country. The payments bank would initially provide current and savings account facility at 650 post offices and 3,250 access points. “The India Post Payments[Read More…]
Tag: Payments Bank
Paytm receives RBI’s final approval to launch payments bank
Paytm Payments Bank Ltd, an entity majority owned by One97 Communication founder Vijay Shekhar Sharma on Tuesday received the final approval from the Reserve Bank of India to launch. Paytm is now expecting to finally roll out the payments bank within the next 30-60 days. Paytm, which is likely to[Read More…]