Consider the following statements regarding IPPBL India Post Payment Bank Limited 1 It is the first ...........

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Consider the following statements regarding IPPBL(India Post Payment Bank Limited):

1. It is the first public sector undertaking under the Department of Posts.

2. IPPB will offer digitally-enabled payments, banking and remittance services of all.

3. Remuneration package for employees has been kept competitive to attract talent from public sector banks

Which of the above statement is correct:

1 and 2 only

1 and 3 only

1,2 and 3

1 and 3 only

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Explanation:

IPPBL(India Post Payment Bank Limited ) has received the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs under the Companies Act 2013.
? The incorporation of the IPPB Ltd paves the way for it to begin hiring of banking professionals to set up the bank and begin its operations in 2017.
IPPB will offer digitally-enabled payments, banking and remittance services of all kinds among entities and individuals as also provide access to insurance, mutual funds, pension and credit products in partnership with third-party financial service providers and banks
? The bank’s board will have representation from various other government departments, including the Department of Posts, Department of Expenditure, Department of Economic Services etc.
? Remuneration package for employees has been kept competitive to attract talent from public sector banks.