Free Press Journal
  • Banking with India Post

    The biggest reason in favour of India Post Payments Bank is that it will save nearly three lakh postmen and over 155,000 branches from redundancy. With the demand for postal services falling shortly following technological advances and the near-universal availability of cell phones and internet services, there was little work left for postmen. Private courier services providing efficient services at reasonable costs had further cut sharply into the business of post offices.

  • PM Narendra Modi Blames Congress For Bad Loan mess

    New Delhi : PM Modi on Saturday launched a blistering attack on the Congress for leaving the economy on a ‘landmine’ by its indiscriminate lending, saying loans were handed out to select businessmen after phone calls were made by ‘namdars’ (dynasts). He blamed ‘phone-a-loan’ scam of the previous UPA regime where money was lent by banks to select rich businessmen close to a particular family for mounting non-performing assets (NPA) or bad

  • India Post Payments Bank to be launched on Aug 21 launch

    New Delhi : Prime Minister Narendra Modi on August 21 will launch long-awaited India Post Payments Bank (IPPB) that will have at least one branch in every district and focus on financial services in rural areas, an official said.

  • Bhopal: 650 branches of India Post Payments Bank to become operation by May says Manoj Sinha

    Bhopal: As many as 650 branches of the India Post payments bank are likely to be operational across the country by May, said Union minister of state for communications Manoj Sinha. The postal department will not be privatised and rather it would be made financially independent to generate its own revenue, said the union minister while interacting with media here on Sunday.

  • Payments banks to have multiplier impact on banking: Arun Jaitley

    New Delhi : Finance Minister Arun Jaitley on Monday said payments bank will have a “multiplier impact” by providing doorstep banking to people in remote areas at lower cost and compete with traditional banks in future.

  • India Post payments bank will be functional by March 17: Prasad

    Hyderabad: India Post’s payments bank will start functioning from March 2017 and serve as a wider platform to implement financial inclusion programmes, IT & Communications Minister Ravi Shankar Prasad said today. “We are going to start the postal payments bank by March 2017. Very soon we will go to the Cabinet and postal payments bank will become operational from March 2017,” Prasad told reporters here.