Which of the following statement is incorrect about India Post Payment Bank?
i. It's slogan is “Apka Bank Apke Dwaar”
ii. It is a payment bank therefore it will not provide any loans including credit cards
iii. It is a joint venture between India Post and SBI, each holding 50% of the equity.
The India Post Payments Bank (IPPB) has been recently incorporated as a Public Limited Company under the Department of Posts with 100% GOI equity. IPPB will offer demand deposits such as savings and current accounts upto a balance of Rs 1 Lac, digitally enabled payments and remittance services of all kinds between entities and individuals and also provide access to third party financial services such as insurance, mutual funds, pension, credit products, forex, and more, in partnership with insurance companies, mutual fund houses, pension providers, banks, international money transfer organisations, etc.
Who will be honored with the Bharat Ratna, as announced by Prime Minister Narendra Modi recently?
NHAI to develop 10000 km of optic Fibre Cables Across India by ?
How does HDFC Bank's new branch in Lakshadweep primarily benefit the local population?
Which state received the first rank in the "Best Performing States – Loan Performance (Large States)" category under the PRAISE awards at the “Utkri...
What is the estimated cost of the 'Nijut Moina' scheme announced by Assam's Chief Minister over five years?
Social e-commerce platform DealShare will invest _______ in small and medium Indian brands, including its own private labels, over the next five years.
What was the primary method used by researchers to confirm the lunar cave?
Which of the following company got the broadcast right for Olympic Games Paris 2024?
Which of the following became the first film in the history of Indian cinema to star only people from indigenous communities?
What is the purpose of the 'National Creators Award' announced by the government?
