Government to open 100+ branches of India Post Payments Bank in North-East to expand banking services, says FM

FM Sitharaman added that in this year, a provision of Rs 2.66 lakh crore for rural development including rural infrastructure is made.

Jinit Parmar

July 23, 2024 / 13:21 IST

To expand banking services in the North-Eastern states of the country, the government will open more than 100 branches of India Post Payments, said Union Finance Minister Nirmala Sitharaman.

“More than 100 branches of India Post Payments will be set up in the North-East region to expand banking services,” Sitharaman said in her union budget address.

FM Sitharaman added that in this year, a provision of Rs 2.66 lakh crore for rural development including rural infrastructure is made.

Jinit Parmar is a correspondent based out of Mumbai covering the banking sector, fintechs, NBFCs, insurance and more, tweets @jinitparmar10

first published: Jul 23, 2024 11:41 am

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