India Post Payments Bank (IPPB) wants to convert itself into a universal bank in order to serve larger goals such as financial inclusion and social upliftment. The vast network of post office branches would help in achieving these goals. As a payment bank under the RBI, IPPB can extend services of deposits, remittances, internet banking and other specified services, but they cannot give loans or issue credit cards.from Banking/Finance-Industry-Economic Times https://ift.tt/IFvzYZb
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