Who have been appointed as the new Independent Directors of India Post Payments Bank (IPPB)?
Q. Who have been appointed as the new Independent Directors of India Post Payments Bank (IPPB)?
Answer: K G Karmakar and Gauri Shankar
Notes: K G Karmakar and Gauri Shankar have been appointed as new Independent Directors of India Post Payments Bank (IPPB). The Appointments Committee of the Cabinet has approved their appointment to the post on the board of directors of the bank for a period of 3 years. The IPPB has been incorporated as a public sector bank under the Department of Posts with 100% equity of the Government of India (GoI). IPPB will offer demand deposits such as savings and current accounts upto a balance of Rs 1 Lac, digitally enabled payments and remittance services of all kinds between entities and individuals and also provide access to third party financial services such as insurance, mutual funds, pension, credit products, forex, and more, in partnership with insurance companies, mutual fund houses, pension providers, banks, international money transfer organisations, etc.

 

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