Lok Sabha Question No. 3929 (UNSTARRED), answered on 2020-03-18
Subject: India Post Payments Bank
Ministry: COMMUNICATIONS
Asked by: Gajanan Chandrakant Kirtikar, Shrirang Appa Barne, Bidyut Baran Mahato, Sudheer Gupta, Sanjay Sadashivrao Mandlik

## GOVERNMENT OF INDIA MINISTRY OF COMMUNICATIONS DEPARTMENT OF POSTS

## LOK  SABHA UNSTARRED QUESTION NO. 3929 TO BE ANSWERED ON 18 TH  MARCH, 2020

## INDIA POST PAYMENTS BANK

3929.   SHRI GAJANAN KIRTIKAR: SHRI SHRIRANG APPA BARNE: SHRI BIDYUT BARAN MAHATO: SHRI SUDHEER GUPTA: SHRI SANJAY SADASHIV RAO MANDLIK:

Will the Minister of COMMUNICATIONS be pleased to state:

- (a) whether  the  Government  has  set  up  India  Post  Payments  Bank  (IPPB)  as  a  Public  Limited Company under the Ministry of Communications;
- (b) if  so,  the  details  thereof  and  the  response  received  by  the  Government  from  the  public  in  this regard;
- (c) whether employment has been generated in the country by the setting up of IPPB and if so, the details thereof;
- (d) the details of the branches opened by IPPB in the country so far, State/UT-wise;
- (e) whether  various  institutions  including  global  banking  institution  like  World  Bank  have  shown interest to get associated with IPPB; and
- (f) if so, the details thereof and the reaction of the Government thereto?

## ANSWER

## MINISTER OF STATE FOR COMMUNICATIONS, HUMAN RESOURCE DEVELOPMENT AND ELECTRONICS & INFORMATION TECHNOLOGY (SHRI SANJAY DHOTRE)

- (a) & (b) Yes sir, the government has set up the India Post Payments Bank (IPPB) as a Public Limited  Company  with  100%  government  equity.  IPPB  has  also  been  designated  a  Scheduled Payments Bank by the Reserve Bank of India. IPPB has 650 branches and 1,36,078 banking access points. It also provides doorstep banking services through postal delivery agents. In a little over 1 year of functioning, as on 10.03.2020, IPPB has acquired 2.26 crores customers and has conducted financial transactions  worth  Rs.  14,191  crores.  Further,  22.04  Lacs  transactions  of  Aadhar  Enabled  Payment System (AePS) have been conducted involving a sum of Rs. 686 crores.
- (c) & (d) A total of 2096 personnel are employed by IPPB currently. These include those taken through direct recruitment and also on deputation. A list of IPPB branches across the country, State wise (including UTs) is at Annexure-I .
- (e) & (f)    Given its rural reach, various global and domestic institutes have shown interest in getting associated with IPPB but no formal agreements have been entered into as on date. IPPB is in discussion with  various  global  &  domestic  institutions  to  enhance  its  product  suite,  as  per  the  Payment  Bank guidelines governing third party products.

Annexure-I

| S.No        | State/UT                                          |   No. of IPPB Branches |
|-------------|---------------------------------------------------|------------------------|
| 1           | ANDHRA PRADESH                                    |                     24 |
| 2           | ARUNACHAL PRADESH                                 |                     10 |
| 3           | ASSAM                                             |                     26 |
| 4           | BIHAR                                             |                     38 |
| 5           | CHHATTISGARH                                      |                     27 |
| 6           | DELHI                                             |                      3 |
| 7           | GOA                                               |                      2 |
| 8           | GUJARAT * (includes Dadra &Nagar Haveli)          |                     32 |
| 9           | HARYANA                                           |                     20 |
| 10          | HIMACHAL PRADESH                                  |                     12 |
| 11          | JAMMU AND KASHMIR * (includes Ladakh)             |                      8 |
| 12          | JHARKHAND                                         |                     22 |
| 13          | KARNATAKA                                         |                     31 |
| 14          | KERALA * (includes Lakshadweep)                   |                     15 |
| 15          | MADHYA PRADESH                                    |                     42 |
| 16          | MAHARASHTRA                                       |                     40 |
| 17          | MANIPUR                                           |                      9 |
| 18          | MEGHALAYA                                         |                      8 |
| 19          | MIZORAM                                           |                      6 |
| 20          | NAGALAND                                          |                      9 |
| 21          | ODISHA                                            |                     33 |
| 22          | PUNJAB * (includes Chandigarh)                    |                     23 |
| 23          | RAJASTHAN                                         |                     33 |
| 24          | SIKKIM                                            |                      1 |
| 25          | TAMILNADU * (includes Puducherry)                 |                     37 |
| 26          | TELANGANA                                         |                     23 |
| 27          | TRIPURA                                           |                      5 |
| 28          | UTTAR PRADESH                                     |                     73 |
| 29          | UTTARAKHAND                                       |                     12 |
| 30          | WEST BENGAL * (includes Andaman &Nicobar Islands) |                     26 |
| Grand Total | Grand Total                                       |                    650 |

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