Lok Sabha Question No. 2692 (UNSTARRED), answered on 2021-03-10
Subject: Business of India Post Payments Bank
Ministry: COMMUNICATIONS
Asked by: Gaddam Ranjith Reddy

## GOVERNMENT OF INDIA MINISTRY OF COMMUNICATIONS DEPARTMENT OF POSTS

## LOK  SABHA UNSTARRED QUESTION NO. 2692 TO BE ANSWERED ON 10 TH  MARCH, 2021

## BUSINESS OF INDIA POST PAYMENTS BANK

## 2692. DR. G. RANJITH REDDY:

Will the Minister of COMMUNICATIONS be pleased to state:

- (a) whether India Post Payments Bank (IPPB) has asked Finance Ministry to provide Rs.1000 crores as capital for expansion;
- (b) if so, the details thereof;
- (c) whether the business of IPPB is not performing as it was initially anticipated and if so, the details thereof and the reasons therefor;
- (d) the details of the business transacted by IPPB during each of the three years, State/UT-wise;
- (e) whether the IPPB is facing any difficulty with regard to RBI's directive on payment bank and if so, the details thereof; and
- (f) the details of financial and other assistance received by IPPB in 2021-22 budget?

## ANSWER

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

- (a)     No Sir.
- (b)      In view of (a) question does not arise.
- (c)      India Post Payments Bank (IPPB) was launched on 1 st September, 2018 to spearhead the Financial Inclusion mission of the Government. Since then it has been able to provide banking service across the country  through  its  650  branches  and  1.36  Lakh  access  points.  It  provides  doorstep  banking  services through around two lakh Postman/Gramin Dak Sevaks equipped with smartphone and biometric devices. In a short span of time the bank has opened around 4.23 crore accounts.

Further,  the  Bank's  financial  performance  for  FY  2020-21  reflects  consistent  improvement  in business at all levels. The income in the current financial year (in the initial 9 months between 1 st April 2020 to 31 st Dec 2020) has more than doubled compared to last Financial Year while the total deposits of the Bank have increased by more than 150% upto Feb 2021 .

- (d)       State/UT  wise  details  of  business  transacted  by  IPPB  during  last  three  financial  years  is  at Annexure-I .
- (e)     Difficulties faced by IPPB are similar to those faced by other Payment Banks such as limit of Rs. 1 Lakh on deposits, limited revenue streams and inability to offer credit and earn revenue thereof.
- (f)       No financial and other assistance has been received by IPPB in 2021-22 as on date.

## State /UT wise IPPB business transactions details are as under:

## (i) Financial Year 2018-19

| State/UT Name              | Total Accounts (Count)   | Total Transactions (Count)   | Total Transactions (Value)   |
|----------------------------|--------------------------|------------------------------|------------------------------|
| MAHARASHTRA                | 436,294                  | 470,300                      | 1,538,355,129                |
| BIHAR                      | 773,693                  | 540,991                      | 1,511,005,865                |
| UTTAR PRADESH              | 1,142,123                | 515,341                      | 1,280,428,167                |
| TELANGANA                  | 922,763                  | 1,040,358                    | 826,959,768                  |
| HARYANA                    | 125,884                  | 177,485                      | 765,256,515                  |
| TAMIL NADU                 | 143,765                  | 180,710                      | 678,111,695                  |
| KARNATAKA                  | 156,287                  | 189,629                      | 604,287,729                  |
| ANDHRA PRADESH             | 344,885                  | 210,669                      | 552,947,212                  |
| MADHYAPRADESH              | 400,029                  | 236,143                      | 531,701,976                  |
| ODISHA                     | 172,959                  | 160,076                      | 527,541,160                  |
| GUJARAT                    | 189,455                  | 188,026                      | 510,568,912                  |
| RAJASTHAN                  | 131,991                  | 129,067                      | 412,024,958                  |
| KERALA                     | 58,569                   | 80,241                       | 384,469,667                  |
| JHARKHAND                  | 90,793                   | 84,809                       | 313,584,984                  |
| PUNJAB                     | 65,378                   | 54,634                       | 303,834,834                  |
| WEST BENGAL                | 134,700                  | 120,801                      | 289,210,746                  |
| HIMACHAL PRADESH           | 50,121                   | 69,502                       | 259,113,707                  |
| TRIPURA                    | 21,911                   | 34,217                       | 194,955,884                  |
| UTTARAKHAND                | 32,509                   | 48,439                       | 174,514,640                  |
| DELHI                      | 28,558                   | 47,055                       | 112,946,928                  |
| ASSAM                      | 32,317                   | 41,823                       | 105,871,347                  |
| CHHATTISGARH               | 53,472                   | 47,387                       | 98,835,389                   |
| JAMMU AND KASHMIR          | 11,599                   | 9,533                        | 57,244,396                   |
| GOA                        | 12,380                   | 11,488                       | 37,844,118                   |
| PUDUCHERRY                 | 6,325                    | 6,335                        | 34,522,580                   |
| MANIPUR                    | 11,955                   | 7,690                        | 28,634,296                   |
| MIZORAM                    | 9,124                    | 9,243                        | 23,823,076                   |
| ANDAMANAND NICOBAR ISLANDS | 394                      | 1,790                        | 16,612,964                   |
| ARUNACHAL PRADESH          | 2,064                    | 4,101                        | 14,817,306                   |
| MEGHALAYA                  | 807                      | 1,470                        | 8,480,024                    |
| NAGALAND                   | 1,334                    | 879                          | 5,730,904                    |
| LAKSHADWEEP                | 98                       | 339                          | 3,652,367                    |
| DADRA AND NAGAR HAVELI     | 1,583                    | 1,653                        | 1,434,992                    |
| SIKKIM                     | 1,753                    | 577                          | 1,026,773                    |
| Grand Total                | 5,567,872                | 4,722,801                    | 12,210,351,009               |

## (ii) Financial Year 2019-20:

| State/UT Name              | Total Accounts (Count)   | Total Transactions (Count)   | Total Transactions (Value)   |
|----------------------------|--------------------------|------------------------------|------------------------------|
| MAHARASHTRA                | 2442435                  | 7575841                      | 18232313754                  |
| BIHAR                      | 1775556                  | 5480748                      | 16560207776                  |
| UTTAR PRADESH              | 1920297                  | 5470044                      | 14227929091                  |
| KARNATAKA                  | 1229187                  | 3088749                      | 9887424485                   |
| ANDHRA PRADESH             | 2570954                  | 6168288                      | 8772125013                   |
| TELANGANA                  | 607217                   | 2390571                      | 8735237410                   |
| TAMIL NADU                 | 853303                   | 3110122                      | 8713256009                   |
| RAJASTHAN                  | 1208174                  | 3534334                      | 8166327293                   |
| ODISHA                     | 687847                   | 2044059                      | 6533432767                   |
| MADHYAPRADESH              | 979819                   | 2800234                      | 6366105207                   |
| KERALA                     | 545528                   | 2125740                      | 6109956427                   |
| PUNJAB                     | 331049                   | 1088290                      | 5210815609                   |
| GUJARAT                    | 559017                   | 1872089                      | 5050616512                   |
| HARYANA                    | 281048                   | 1125152                      | 4451689084                   |
| WEST BENGAL                | 774317                   | 1769528                      | 3715143853                   |
| HIMACHAL PRADESH           | 234793                   | 948657                       | 2912624983                   |
| JHARKHAND                  | 381545                   | 1056983                      | 2725503229                   |
| UTTARAKHAND                | 122468                   | 588820                       | 2025689417                   |
| CHHATTISGARH               | 256063                   | 848604                       | 1737548760                   |
| DELHI                      | 91110                    | 367084                       | 1717785596                   |
| ASSAM                      | 155119                   | 464284                       | 1234090796                   |
| TRIPURA                    | 23908                    | 166733                       | 550323245                    |
| JAMMU AND KASHMIR          | 17282                    | 44184                        | 312682887                    |
| MANIPUR                    | 44777                    | 120921                       | 312067168                    |
| MIZORAM                    | 12359                    | 101899                       | 298084340                    |
| PUDUCHERRY                 | 17462                    | 86733                        | 264168398                    |
| GOA                        | 13500                    | 80975                        | 236756375                    |
| ARUNACHAL PRADESH          | 20137                    | 50054                        | 181474653                    |
| NAGALAND                   | 11482                    | 38533                        | 101474516                    |
| MEGHALAYA                  | 15359                    | 33043                        | 82749476                     |
| ANDAMANAND NICOBAR ISLANDS | 655                      | 4482                         | 72178272                     |
| SIKKIM                     | 4223                     | 13142                        | 67411735                     |
| DADRA AND NAGAR HAVELI     | 3227                     | 8257                         | 18192990                     |
| LAKSHADWEEP                | 241                      | 991                          | 7119671                      |
| Grand Total                | 18,191,458               | 54,668,168                   | 14,55,90,506,797             |

## (iii) Financial Year 2020-21 (Till Feb 28, 2021):

| State/UT Name              | Total Accounts (Count)   | Total Transactions (Count)   | Total Transactions (Value)   |
|----------------------------|--------------------------|------------------------------|------------------------------|
| UTTAR PRADESH              | 2864852                  | 23886382                     | 64698782365                  |
| MAHARASHTRA                | 1638254                  | 15078716                     | 51660542860                  |
| BIHAR                      | 4321179                  | 21592955                     | 48043576005                  |
| TAMIL NADU                 | 1544958                  | 11676318                     | 31647155152                  |
| ANDHRA PRADESH             | 485558                   | 11510235                     | 31231389107                  |
| KARNATAKA                  | 909010                   | 7556617                      | 30671728148                  |
| RAJASTHAN                  | 820433                   | 7743253                      | 26416763368                  |
| MADHYAPRADESH              | 910222                   | 6802825                      | 22238566696                  |
| TELANGANA                  | 423502                   | 4891597                      | 21493527645                  |
| ODISHA                     | 580687                   | 6393983                      | 20498550581                  |
| KERALA                     | 357041                   | 5505401                      | 20187557135                  |
| GUJARAT                    | 737257                   | 6475502                      | 18470174097                  |
| PUNJAB                     | 226678                   | 3373953                      | 14733438085                  |
| WEST BENGAL                | 741610                   | 5233908                      | 14075222755                  |
| HARYANA                    | 255531                   | 2808704                      | 0100011740638554             |
| HIMACHAL PRADESH           | 116134                   | 1969469                      | 8155541700                   |
| JHARKHAND                  | 336599                   | 2958807                      | 7718985870                   |
| DELHI                      | 118524                   | 1026705                      | 7695536664                   |
| UTTARAKHAND                | 165826                   | 1466562                      | 5417820106                   |
| CHHATTISGARH               | 146875                   | 1989823                      | 5175912321                   |
| ASSAM                      | 197616                   | 1184226                      | 3244737683                   |
| JAMMU AND KASHMIR          | 105691                   | 445925                       | 2249452076                   |
| MIZORAM                    | 16468                    | 361075                       | 1433642465                   |
| MANIPUR                    | 157098                   | 538057                       | 1259272748                   |
| TRIPURA                    | 14179                    | 295564                       | 1061216860                   |
| PUDUCHERRY                 | 8879                     | 230257                       | 802698034                    |
| ARUNACHAL PRADESH          | 30064                    | 144192                       | 505654031                    |
| NAGALAND                   | 61005                    | 191638                       | 483273188                    |
| GOA                        | 12270                    | 135773                       | 480245301                    |
| MEGHALAYA                  | 23120                    | 153401                       | 257145271                    |
| SIKKIM                     | 1540                     | 34791                        | 157567125                    |
| DADRA AND NAGAR HAVELI     | 18515                    | 57723                        | 120088035                    |
| ANDAMANAND NICOBAR ISLANDS | 278                      | 4962                         | 63138897                     |
| LAKSHADWEEP                | 138                      | 2225                         | 16886746                     |
| Grand Total                | 18,347,591               | 1,53,721,524                 | 4,74.106,427,674             |

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