1. You Are At:
  2. Home
  3. India News
  4. PM Modi launches India Post Payments Bank, says phone banking by Congress hurt economy

PM Modi launches India Post Payments Bank, says phone banking by Congress hurt economy

IPPB will have 650 branches and 3250 Access Points across the country. All the 1.55 lakh Post Offices in the country will be linked to the IPPB system by December 31.

Edited by: India TV News Desk, New Delhi [ Updated: September 01, 2018 19:09 IST ]
Image Source : PTI

PM Modi launches IPPB

Prime Narendra Modi on Saturday launched India Post Payments Bank (IPPB). IPPB will have 650 branches and 3250 Access Points across the country. All the 1.55 lakh Post Offices in the country will be linked to the IPPB system by December 31.

Highlights of PM Modi's speech:

# Every penny of loans given at the behest of 'namdars' (dynasts) will be recovered: PM Modi

# Not a single big loan defaulter was given loan by NDA govt: PM Modi

# 8.2% growth rate of development shows the growing power of Indian economy. It brings out a bright picture of a new India: PM Modi​

# From independence to 2008, Indian banks gave out Rs 18 lakh crore as loans. In next six years, the amount touched Rs 52 lakh crore: PM Modi​

# Phone banking by Congress has hurt economy, banks lent crores of rupees to businessmen on just one call: PM Modi: PM Modi​

# Even when our country had no facility of phone banking, the naamdaars made phone calls for giving loans. Whichever industrialist wanted loan, used to get phone calls made by the naamdars: PM Modi​

# IPPB will be beneficial for farmers as well. Schemes like Pradhan Mantri Fasal Bima will be further boosted by IPPB. After IPPB launch, the claimed amount of schemes can be received while sitting at home: PM Modi​ 

# IPPB will revolutionise banking and digital payments: PM Modi​

# Along with letters, the postman will now bring the bank to doorstep of every Indian: PM Modi​

# Through India Post Payments Bank (IPPB) we will reach to every nook & corner of the country. Bank & banking services will be available at every person's doorstep: PM Modi

Write a comment