Tuesday, March 04, 2025 | 11:23 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Government hikes spending on postal payments bank to Rs 14.35 billion

The bank, which will be launched by Prime Minister Narendra Modi on September 1, is set to be a star-studded affair

Narendra Modi
Premium

Prime Minister Narendra Modi speaks at a ground breaking ceremony to launch various projects worth 60,000 crore rupees, at Indira Gandhi Pratishthan in Lucknow. Photo: PTI

Kiran Rathee New Delhi

As it looks to give a fillip for banking services in rural areas, the government has increased the outlay for setting up an India Post Payments Bank (IPPB) to Rs 14.35 billion.

The bank, which will be launched by Prime Minister Narendra Modi on September 1, is set to be a star-studded affair, with all the central ministers, chief ministers, Members of Parliament, and state assemblies doing simultaneous launches in all the 650 districts and 3,250 access points of the IPPB across the country. The launches in the districts will be preceded by a main event at Talkatora Stadium

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in