India Post Payments Bank (IPPB) has been recently incorporated as a Public Limited Company under the Department of Posts with.....equity.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

India Post Payments Bank (IPPB) has been recently incorporated as a Public Limited Company under the Department of Posts with____equity.

A	100% GOI equity
B	50% GOI and 50% RBI
C	50% GOI, 25% RBI, 25% Sponsor Bank
D	50% Sponsor Bank and 50% RBI

Explanation:

Detailed explanation-1: -India Post Payments Bank (IPPB) has been established under the Department of Posts, Ministry of Communication with 100% equity owned by the Government of India. IPPB was launched by the Hon’ble Prime Minister Shri Narendra Modi on September 1, 2018.

Detailed explanation-2: -This synergy can be achieved through the proposed Fincluvation™ which will help take intuitive and tailored financial products to the last mile in an affordable, convenient and customer-led manner.

Detailed explanation-3: -IPPB uses DoP’s giant network of 189, 000 GDS to deliver financial products and services at the convenience of the customers’ doorstep. Further, the trusted network of GDS offers handholding support to customers to bring low-and moderate-income (LMI) people into the fold of digital payments.

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