payment bank Current Affairs, GK & News

India Post Payment Bank achieves 3.6 crore customers

The India Post Payment Bank, even amid COVID-19 pandemic, has attained 3.6 crores of customers. Till September 15, 2020, the bank had completed 38,500 crores of financial transactions. Highlights In August 2019, it had crossed the milestone of one crore customers. This has been achieved by the bank in just two years of launch. The ..

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Reserve Bank of India granted ‘in-principle’ approval to 11 applicants to start a payments bank

Reserve Bank of India granted ‘in-principle’ approval to 11 applicants to start payments banks. The Committee of the Central Board (CCB) of RBI has selected 11 entities among the 41 applicant who has the reach and the technological and financial strength to provide service to the customers and promote government’s initiative of financial inclusion across ..

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