Current Affairs · Banking and Finance
In August 2025, India Post Payments Bank (IPPB) achieved a significant financial milestone. Consider the following statements regarding its performance: 1. IPPB posted a net profit of ₹134 crore in FY 2025, marking its first full-year profitability since inception. 2. The bank's customer base crossed 12 crore, while its annual revenues surpassed ₹2,000 crore with a CAGR of 60-70% in the last two years. 3. IPPB's expansion and financial inclusion efforts are limited to 50,000 post offices located only in urban and semi-urban areas. Which of the following statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 1 and 3
- 2Both 2 and 3
- 3Only 3
- 4Both 1 and 2✓
Correct answer
Both 1 and 2
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