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Cabinet approves revised cost estimate on “Setting up of India Post Payments Bank”

Cabinet approves revised cost estimate on “Setting up of India Post Payments Bank”

Apr 27, 2022, at 11:45 pm

New Delhi: The Union Cabinet chaired by the Prime Minister  Narendra Modi has approved the revision of project outlay for setting up of India Post Payments Bank (IPPB) from Rs.1435 crore to Rs.2255 crore as equity infusion to meet regulatory requirements.