Prime Minister Narendra Modi launched a payments bank of the Department of Posts that will take banking to the doorstep of every citizen through an unmatched network of post offices and almost 3 lakh postmen and Grameen Dak Sewaks. Who is the Managing Director & CEO of IPPB?

BANKING GENERAL KNOWLEDGE

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

Prime Minister Narendra Modi launched a payments bank of the Department of Posts that will take banking to the doorstep of every citizen through an unmatched network of post offices and almost 3 lakh postmen and ‘Grameen Dak Sewaks’. Who is the Managing Director & CEO of IPPB?

A	Suresh Kumar Sethi
B	Anant Narayan Nanda
C	Pramod Kumar Das
D	Anshuman Sharma

Explanation:

Detailed explanation-1: -Jana SFB is the only small finance bank selected for the launch of DBU’s in India. The move will significantly improve banking experience for the citizens and further aid in financial inclusion, while enhancing banking experience for citizens, PM Modi said. “ This is a step towards making the common man’s life easier.

Detailed explanation-2: -The correct answer is India Post Payments Bank. India Post Payments Bank (IPPB) has announced the launch of Fincluvation to create and innovate solutions for financial inclusion. It is a joint initiative to collaborate with the Fintech startup community to co-create and innovate solutions for financial inclusion.

Detailed explanation-3: -The India Post Payments Bank launched on September 1, 2018, by PM Narendra Modi is a payments bank that aims at making banking services available at people’s doorstep.

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