Piyush Goyal lauds growth of India Post Payments Bank

 Union Minister of  Finance and Corporate Affairs Piyush Goyal has congratulated the Department of Posts and India Post Payments Bank  (IPPB) for their tremendous efforts in spreading the activities of the bank. 

Speaking at a special function organized to mark completion of two years of IPPB since its pilot launch, in New Delhi today, he said that by leveraging all 1.55 lakh Post offices across the country, IPPB would be able to provide banking services to the last man in the rural and remote areas and help realizing the dream of Prime Minister Narendra Modi of economic transformation and creation of New India with all-encompassing financial inclusion.

Union Minister of State for Communications Manoj Sinha expressed satisfaction at the rapid scale up of the bank. He also commended the Bank’s efforts to simplify and popularize digital payments in the country.

A special commemorative stamp on Financial Inclusion designed by the famous artist and Padma Vibhushan awardee Shri Satish Gujral was released at the function. Also, a Coffee Table Book titled, ‘Breaking Barriers’ was also released on this occasion.

The attractively illustrated book depicts the challenging journey of India Post Payments Bank (IPPB) in the last two years. The journey started on 20th January 2017 when RBI granted a payments bank license to DoP. Within a record ten days on 30thJanuary 2017, two pilot branches commenced operations at Raipur in Chhattisgarh and at Ranchi in Jharkhand along with 8 Access Points.

Manoj Sinha also gave away the awards to the best performing Postal Circles, Regions, Divisions, Branches and the last mile agents which included Postmen, Postal Assistants and Gramin Dak Sewaks across many Circles. Telangana Circle got the most number of the awards.

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