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India Post Payments Bank Expected to be Profitable After Two Years, Says Communications Minister Manoj Sinha
September 17, 2018
Telecom Minister Major Sinha who was giving an interview to a leading news agency said that the government expects India Post Payments Bank (IPPB) to become cash-flow positive two years after the launch. He said that it won’t face a lot of competition from the private players as its market reach is far greater across India.
Sinha said that IPPB will be launched in September, 2018 with 3,250 access points all over the country. However, the target is to establish 155,000 access points by the end of the year alone. He also said that the government wants to spearhead the financial inclusion agenda with the ambitions payments bank.
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