 "Reserve Bank of India, RBI")
The government will soon launch the India Post Payments bank (IPPB). Most of the work has been done and only approval from the Reserve Bank of India (RBI) is awaited regarding the software used for integration of various services.
The IPPB, which is currently running pilot services in Raipur and Ranchi, needs a go-ahead from RBI for the software used for system integration. The bank had earlier used the software from Punjab National Bank for the pilot services but it has now developed its own software and a presentation needs to be given to RBI for the new software.
“For the two
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