CURRENT AFFAIRS QUIZ - 2019
Name the bank that will be converted into small finance bank with the aim to provide micro-credit at the doorsteps to individuals and SME's.
A)
Jio Payments Bank
B)
Airtel Payments Bank
C)
India Post Payments Bank
D)
Aditya Birla Payments Bank

Correct Answer : Option (C) - India Post Payments Bank

Note : The postal department has decided to convert the India Post Payments Bank (IPPB) into a small finance bank (SFB) with the aim to provide micro-credit at the doorsteps to individuals and SME's (Small and medium-sized enterprises). The postal department also sets a target to open one crore accounts for IPPB in 100 days.