Current Affairs - Awards and Honours - Discussion

India Post Payments Bank (IPPB), a fully government-owned digital bank operating under the Department of Posts, secured the Digital Payments Award 2024–25 presented by the Ministry of Finance. Recognized for its innovative model and outreach in unbanked and underbanked areas, IPPB ranked first among all payment banks in the DFS Performance Index for FY 2024–25. Its tech-enabled services, delivered through over 2 lakh postal agents, make digital banking accessible across India, particularly in rural regions. The award reflects IPPB’s alignment with India’s goal of financial inclusion and a cash-light economy, underlining its pivotal role in digital transformation.