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Business Standard

Recapitalisation plan in the works for India Post Payments Bank

Viability plan includes Rs 2,000-crore infusion

Topics
Bank recapitalisation plan | India Post Payments Bank | Regional Rural Banks

Nikunj Ohri  |  New Delhi 



India Post Payments Bank
The government has infused about Rs 1,435 crore into the bank since its inception. The Budget for 2020-21 allocated Rs 220 crore for it

The government is exploring options to make viable, which include infusing about Rs 2,000 crore into it and merging the institution with (RRBs).

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First Published: Mon, February 01 2021. 06:10 IST

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