Communications Minister Manoj Sinha today said the government is working on establishing 650 branches for India Post Payments Bank to facilitate financial inclusion, and unveiled two new offerings by the postal department.
"For India Post Payments Bank...we will be opening nearly 650 branches across India. Two, namely in Raipur and Ranchi, have already started. The aim is that through 650 post payments bank, we can push financial inclusion in 1.55 lakh villages," Sinha said.
Sinha exhorted the postal employees to continue reorienting themselves with technological changes and disruptions in order to bring innovative offerings to consumers, all the while upholding the societal values.