Monday, 3 February 2025

India Post Payments Bank (IPPB)

India Post Payments Bank (IPPB)

The Reserve Bank of India (RBI) has imposed penalties on India Post Payments Bank (IPPB) due to lapses in regulatory compliance.

About IPPB:

  • Genesis: IPPB was established in 2018, with 100% equity owned by the Government of India.
  • Aim: The bank's goal is to provide efficient banking services to every household in India.
  • Ministry: IPPB operates under the Department of Posts.

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