India Post Payments Bank Current Affairs - 2019

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IPPB rolls out Aadhaar-enabled payment services

The India Post Payments Bank (IPPB) has rolled out of Aadhaar Enabled Payment System Services (AePS). The announcement of roll out was made by Union Minister for Communications, Electronics and IT Ravi Shankar Prasad at the first anniversary celebrations of India Post Payments Bank in New Delhi. About IPPB’s AePS With the launch of AePS, Read More…

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IPPB ties up with Bajaj Allianz to offer life insurance products

State-owned India Post Payments Bank (IPPB) and private life insurer Bajaj Allianz Life Insurance Co Ltd (BALIC) have entered into strategic partnership to provide life insurance solutions. It will allow IPPB customers across segments to access wide array of life insurance products and services especially at doorstep. BALIC is the first life insurer to partner Read More…

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India Post Payments Bank to start operations with 650 branches in August 2018

India Post Payments Bank (IPPB) is expected to go live with 650 branches in addition to 3,250 access points co-located at post offices in August, 2018 following final clearance from Reserve Bank of India (RBI) to start. RBI has given approval to IPPB after testing its entire system. Key Facts IPPB was incorporated on August Read More…

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IPPB Bank to become operational in 650 districts by April 2018

The Union Government has announced that India Post Payments Bank (IPPB) will become operational in all 650 districts of the country by April 2018 to facilitate financial inclusion. These banks will be linked to 1.55 lakh rural post offices for its operations and carry out banking services. This will be largest banking network in the Read More…

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India Post Payments Bank Limited incorporated

The India Post Payments Bank Limited (IPPBL) has received the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs under the Companies Act 2013. IPPBL would be the first PSU under the Department of Posts (DoP). With the incorporation, the Board of the IPPBL is likely to be constituted soon. Key Facts Read More…

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Union Cabinet approves setting up of India Post Payments Bank

The Union Cabinet has given its approval for setting up the India Post Payments Bank (IPPB) as a Public Limited Company under the Department of Posts. It will have 100% Government of India (GOI) equity and shall be established with total expenditure of 800 Crore rupees. Now, the IPPB will obtain banking licence from RBI Read More…

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