Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 1474)
1474.
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.
Answer: Option
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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