India Post's bank to miss September deadline for opening branches

Megha Jain

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India Post Payments Bank (IPPB) is sure to miss the September deadline that it had set for itself to open 650 branches across the country as Indian Post failed to get a system integrator (SI) on board on time, upsetting its payments bank schedule. Though armed with a bank licence, the department couldn’t go beyond a pilot service, which launched in Raipur and Ranchi in January this year.