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Banking - General Knowledge Questions
Which bank has tied up with IPPB to provide banking services in rural areas?
A)
HDFC Bank
B)
ICICI Bank
C)
YES Bank
D)
IDBI Bank

Correct Answer :   HDFC Bank

HDFC Bank has tied up with India Post Payments Bank (IPPB) to offer its banking services to the unbanked and underserved segments in semi-urban and rural areas. A memorandum of understanding was signed between HDFC Bank and IPPB to cater to the majority of over 4.7 crore customer base of IPPB.

About 90% of IPPB customers reside in rural areas, which may benefit from this tie-up. HDFC Bank said the strategic alliance will enable IPPB to provide affordable and diversified offerings, including access to finance, to its customers through its innovative Doorstep Banking Service. With nearly 2,00,000 postal service providers (Postmen and Gramin Dak Sevaks) equipped with micro ATMs and biometric devices, IPPB caters to the needs and requirements of various customer segments...

Source : CNBC

Published On : December 29, 2021
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