Search
India Post Payment Bank to open 650 branches this year
April 27, 2017
- India Post Payment Bank (IPPB) is planning mega expansion to open 650 branches this year.
- The first two branches of IPPB have been opened in January 2017 in Ranchi and Raipur.
- “We intend to open at least one branch per district across the country. Each branch will be networked with about 1200 to 1500 post offices in a district,’’ B V Sudhakar, Secretary, Department of Posts, Government of India told newspersons at a press conference here on Monday.
- When asked whether such a ramp was possible in a short span of time, the official said: “Technology will allow us to do so.’’
