2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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India Post Payments Bank Limited
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India Small Finance Bank Limited
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India Post and Telegraph Limited
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India Remittance Bank Limited
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Detailed explanation-1: -India Post Payments Bank incorporated; to be the first PSU under Dept of Posts.
Detailed explanation-2: -Organization Overview. The Department of Posts comes under the Ministry of Communications. The Postal Service Board, the apex management body of the Department, comprises the Chairman and six Members.
Detailed explanation-3: -Ans: Yes. As the Indian Postal Service is a part of the Government of India, getting a job in the department is considered a government job/Sarkari Naukri.
Detailed explanation-4: -India Post Payments Bank (IPPB) was setup under the Department of Post, Ministry of Communication with 100% equity owned by Government of India. IPPB was launched as a pilot project on 30 January 2017 in Ranchi (Jharkhand) and Raipur (Chhattisgarh), with the objective of being present across India by the FY 2018-2019.
Detailed explanation-5: -It is involved in delivering mail (post), remitting money by money orders, accepting deposits under Small Savings Schemes, providing life insurance coverage under Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) and providing retail services like bill collection, sale of forms, etc.