India Post Payments Bank ( IPPB ) achieved 1st Position among Payments Banks in India in the Performance Index for Financial Year 2024–25 & received ‘Special Mention’ award for the Financial Year 2023-24. Topic- 1: Digital Payments Award GS-3: Economy The context: India Post Payments Bank ( IPPB ), a 100% Government of India-owned entity under the Department of Posts, Ministry of Communications, has been conferred the prestigious Digital Payments Award 2024-25 by the Department of Financial Services (DFS), Ministry of Finance, in recognition of its outstanding contribution to expanding digital payments and financial inclusion across the country. The Key Highlights: The award was presented by ... India Post Payments Bank ( IPPB ) has been honored with the Digital Payments Award for 2024-25 by the Department of Financial Services, Ministry of Finance. This recognition highlights IPPB ’s significant role in promoting digital payments and enhancing financial inclusion across India.
