Sawaal
124
Q:

Which of the following statements about the India Post Payments Bank (IPPB) is/are correct?

1. It has been incorporated as a Public Limited Company.

2. It started its operation by establishing two pilot branches at Hyderabad and Varanasi.

Select the correct answer using the code given below.

A) 1 only B) 2 only
C) Both 1 and 2 D) Neither 1 nor 2

Answer:   A) 1 only



Explanation:

With simple, diverse and growth-oriented offerings, IPPB aims to give every Indian access to efficient banking services.Incorporated as a Public-Sector Bank under the Department of Posts with 100% GOI equity, IPPB has launched on January 30th, 2017 in Ranchi and Raipur with the objective of being present in all corners of India by the end of the year.

Subject: General Awareness
Exam Prep: Bank Exams
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