IICA & IPPB sign agremment

Speed Post News Network

New Delhi : Indian Institute of Corporate Affairs (IICA) and India Post Payments Bank (IPPB) on January 2, 2018, signed an agreement here. Under the Agreement, IICA has been entrusted with the key responsibility of capacity building of IPPB through training of its officials/employees besides providing research support by instituting Research Chairs in the emerging area of payment banking.

Injeti Srinivas, Secretary, Ministry of Corporate Affairs (MCA), said, “ After green and white revolution, a Financial Revolution in India is all set to transform the rural economy. With massive network of post offices, IPPB can very effectively remedy the lack of financial inclusion in India.”  Senior officials from the Ministry of Corporate Affairs (MCA) and Department of Posts, Faculty and officials from IICA and other invited guests attended the meeting.

Secretary, Department of Posts, A N Nanda, said that mobilisation of household savings – a sound pillar giving strength to Indian economy – has been facilitated by Department of Posts since long. He emphasized that IPPB shall be adding further strength to Jandhan Yojana of the Government of India by facilitating ‘ease of transaction’, according to a PIB release. IPPB is a flagship “financial inclusion” initiative of Government of India to cover major portion of the country’s population that is outside the ambit of formal banking.