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India Post Payments Bank will keep operations simple: CEO Ashok Singh

India Post Payments Bank will keep operations simple: CEO Ashok Singh

Wednesday, March 1, 2017, 9:37 AM

Ashok Pal Singh managing director and CEO of India Post Payments Bank Ltd, wants to keep its operations simple. Payment solutions for recurring transactions, index funds, term plans and small loans will be offered by the bank. To avoid mis selling, bank will provide only index funds in the mutual fund space. Term plans will be sold by the bank,but not endowment insurance plans.
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