He takes over from AP Singh who had held the post in the interim since January 2017. IPPB plans to leverage the unparalleled reach of the India Post network to achieve a pan-India roll out of 650 branches by early next year. The India Post Payments Bank (IPPB) has been incorporated as a public-sector company under the Department of Posts with 100% GOI equity. India Post has about 1,54,000 post offices, of them 90% are in rural areas.
