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PM Modi Launches India's Largest Payments Bank With Shot At Congress
Prime Minister Narendra Modi today launched the India Post Payments Bank or IPPB -- the largest payments bank in the country by network size. A payments bank operates on a small scale; it carries out most banking operations but cannot give loans or issue credit cards directly. The new bank will leverage the postal department's vast network across India and help people in previously unbanked rural locations to use banking services easily, the Prime Minister said. He also used the occasion to launch a scathing attack on the Congress, saying it had fostered a "phone-a-loan" scam that resulted in the Indian banking sector's huge bad loan problem. NDTV is one of the leaders in the production and broadcasting of un-biased and comprehensive news and entertainment programmes in India and abroad. NDTV delivers reliable information across all platforms: TV, Internet and Mobile. Subscribe for more videos: https://www.youtube.com/user/ndtv?sub_confirmation=1 Like us on Facebook: https://ift.tt/1j1uo2F Follow us on Twitter: https://twitter.com/ndtv Download the NDTV Apps: https://ift.tt/2mScygu Watch more videos: https://ift.tt/1u37l2n

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