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India Post Payments Bank (IPPB) begins recruitment for key posts

India Post Payments Bank (IPPB), which plans to begin operations next year, has started its recruitment drive for key posts across its departments, authorities said on Monday.

education Updated: Oct 04, 2016 17:59 IST
Agencies
India Post Payments Bank (IPPB), which plans to begin operations next year, has started its recruitment drive for key posts across its departments, authorities said on Monday.
India Post Payments Bank (IPPB), which plans to begin operations next year, has started its recruitment drive for key posts across its departments, authorities said on Monday. (Reuters/File)

India Post Payments Bank (IPPB), which plans to begin operations next year, has started its recruitment drive for key posts across its departments, authorities said on Monday.

“India Post Payments Bank, IPPB has started its recruitment drive with the release of the advertisement for the post of the chief executive officer/managing director, the chief technology officer (CTO), other CXOs who will be heading its operations, risk and compliance, finance, HR (human resources) and administration and sales and marketing departments,” it said in an official statement.

“It has also advertised for some contractual positions across multiple departments. Regular recruitment for other positions across scale I-VII will also be announced in the coming weeks,” the statement added.

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It also said the IPPB plans to recruit about 3,500 professionals in the coming months. IPPB will shortly seek deputations from banks, post office and other government departments for its branch locations, it added.

According to the statement, the bank will be headquartered in New Delhi and plans to launch 650 branches across the country by the next year.

“With all 1.54 lakh post offices, including 1.39 lakh rural post offices as its access points and 650 payments bank branches in district headquarter locations, it will be the most accessible bank in the world in terms of reach,” the statement said.

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“It will deploy state of the art technology to make banking both simple and convenient to its customers.”

The statement further said this would be the first PSU (Public Sector Undertaking) under the department of posts.

“The department of posts is expected to complete the rollout of its branches all over the country by September 2017,” the statement added.

The India Post Payments Bank Limited received the certificate of incorporation from the Registrar of Companies under the ministry of corporate affairs on last month under the Companies Act 2013.

(With PTI and IANS inputs)