India Post Payments Bank (IPPB) successfully converted India's vast postal network into a digital banking system, democratizing financial access for rural citizens and women. While profitable, its future success requires evolving products and adapting to regulatory and technological changes.
Click to View MorePayments Banks are specialized "niche" banks introduced by RBI to promote financial inclusion. They accept demand deposits up to ₹2 lakh, issue debit cards, and facilitate remittances, but are strictly prohibited from lending money or issuing credit cards.
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