Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.114)

114. 

Name the bank that will be converted into small finance bank with the aim to provide micro-credit at the doorsteps to individuals and SME's.

[A]. Jio Payments Bank
[B]. Airtel Payments Bank
[C]. India Post Payments Bank
[D]. Aditya Birla Payments Bank

Answer: Option C

Explanation:

The postal department has decided to convert the India Post Payments Bank (IPPB) into a small finance bank (SFB) with the aim to provide micro-credit at the doorsteps to individuals and SME's (Small and medium-sized enterprises). The postal department also sets a target to open one crore accounts for IPPB in 100 days.

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