Question: Who has been appointed as the new independent director of the Indian Postal Payment Bank (IPPB)?
(a) Giriraj Sharma and Anupam Singh
(b) K.G. Karmakar and Gauri Shankar
(c) Deepak Gupta and Chanda Kochhar
(d) Shikha Sharma and Uday Kotak
Ans :(b)
Related facts:-
- On June 7, 2017, the Central Government appointed KG Karmakar and Gauri Shankar as the new independent directors of Indian Postal Payment Bank (IPPB).
- Their tenure as directors of IPPB will be of 3 years.
- The India Post Payments Bank (IPPB)[1] has been recently incorporated as a Public Limited Company under the Department of Posts with 100% Governmet of India equity.
- The goal of this bank is to provide banking services in remote areas left untouched so far.
- Indian Postal Payment Bank is the third payments bank, after the Paytm Payments Bank Ltd. And Airtel Payments Bank Ltd. which were licensed from RBI.
- Payment banks do not accept fixed deposits and recurring deposits, but can accept demand deposits up to a maximum of Rs 1 lakh through savings accounts and current accounts.
- In the form of pilot project on January 30, 2017, branches of Indian Postal Payment Bank were inaugurated in Ranchi, Jharkhand and Raipur, Chhattisgarh.
- By September, 2017, it is planned to be started in 650 branches across the country.
Related Links:-
https://www.indiapost.gov.in/Financial/Pages/Content/IPPB.aspx
http://www.dnaindia.com/business/report-k-g-karmakar-gauri-shankar-appointed-directors-of-ippb-2464414
http://indiatoday.intoday.in/story/k-g-karmakar-gauri-shankar-appointed-directors-of-ippb/1/972986.html