Postal dept decides to convert India Post Payments Bank to a SFB
Postal dept decides to convert India Post Payments Bank to a SFB India Post will partner with Common Service Centre to provide a suite of citizen centric services such as banking, remittance, insurance, DBT, bill and tax payments etc at post offices Current Affairs :- The postal office said it has chosen to change over the India Post Payments Bank into a little account bank, empowering it to offer little credits to clients. Plus, the division hopes to open one crore represents IPPB in 100 days. The choices were taken at the yearly Heads of Circles Conference held at Srinagar in Jammu and Kashmir from July 29-31, 2019 to embrace a 100-day activity plan and a five-year vision to adjust the Department of Posts to the Prime Minister’s New India activity, an announcement from the postal division said. The choice included “Changing over the India Post Payments Bank (IPPB) into a Small Finance Bank (SFB) to give smaller scale credit at the doorsteps to people and SME’s. Focus...