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The Centre has set the ball rolling for divesting its stake in the India Post Payments Bank (IPBB), which must go public by the end of March 2026 to adhere to the licensing requirements laid down by the banking regulator. IPPB was set up under the Department of Post, with 100% equity owned by the government.
m.economictimes.com
India Post Bank is gearing up to go public in a year
IPPB was set up under the Department of Post, with 100% equity owned by the government. The department has now begun discussing how much equity would the Centre divest in the payments bank, people aware of the matter said.
