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India Post Payments Bank to be converted into small finance bank
India Post will partner with Common Service Centre to provide a suite of citizen centric services such as banking, remittance.
PM to launch India Post Payments Bank on September1
All the 1.55 lakh post offices in the country will be linked to the IPPB system by December 31, 2018.
India Post to start payments bank soon
IPPB will go live with 650 branches in addition to 3,250 access points co-located at post offices.
Indian cities get pilot service from IPPB
The paid up equity of the new bank is Rs 800 crore, of which the government infused Rs 275 crore.
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