PM Modi has inaugurated India Post Payments Bank (IPPB). It is the largest payments bank in India, inaugurated today at Talkatora Stadium in New Delhi. The bank won’t be able to give loans and credit cards directly. It is operational at 650 branches. By 31st December all the 1.55 lakh post offices will be linked to IPPB. Its services will be available via counter services, ATM, SMS, IVR and mobile banking apps.