Question: When did the India Post Payments Bank Limited has received the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs yesterday under the Companies Act 2013?
(a) 18 August 2016
(b) 17 August 2016
(c) 13 August 2016
(d) 19 August 2016
Ans: (a)
Related facts:
- On 18 August 2016 the India Post Payments Bank Limited has received the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs yesterday under the Companies Act 2013.
- This would be the first PSU under the Department of Posts.
- The new bank is expected to commence operations by March 2017 and will set up 650 branches and 5000 ATMs across the country.
- Coupled with the physical presence across 1.55 lakh post offices and the reach of “The Dakiya”, the India Post Payments Bank aims to become a powerful and effective vehicle of real financial inclusion in the country.
- The aspiration for the India Post Payments Bank is to become the most accessible bank in the world riding on state of the art banking and payments technology.
- This would be set up as public limited company with 100% shareholdings of the government of India.
- It may be recalled that India Post Payments Bank Limited has obtained banking licence from the Reserve Bank of India (RBI) in March 2016.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=149001
http://economictimes.indiatimes.com/industry/banking/finance/banking/india-post-payments-bank-receives-certificate-of-incorporation/articleshow/53756730.cms
http://www.thehindu.com/business/Industry/india-post-payments-bank-set-for-2017-start/article9003901.ece