trending Market Intelligence /marketintelligence/en/news-insights/trending/gsH7URAkI9LoQf7XKhBHmQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

India Post to open 50 payments bank branches by May 2017

Blog

Banking Essentials Newsletter - April Edition

Blog

Tracking Credit Risk of a Major U.S. Retailer

Blog

Banking Essentials Newsletter: March Edition - Part 2

Blog

A Bank Takes Its Project Finance Assessments to a New Level


India Post to open 50 payments bank branches by May 2017

India's Department of Posts, or India Post, plans to open 50branches of its payments bank by May 2017, The Economic Times reported July 22.

The bank plans to eventually open 650 branches across thecountry. The remaining 600 branches will start operations by September 2017,said an official of India Post.

The postal department obtained an in-principle approval toopen a payments bank from the Reserve Bank of India in August 2015. It willsubmit a final proposal to the RBI by February 2017 when it has the requiredmanagement and technology in place, S.K. Sinha, secretary of India Post, toldthe publication.