Fund Shortage Forces India Post Payments Bank Into Tussle With Employees

Feb 12 2021, 4:42 PM
February 12 2021, 4:16 PM
February 12 2021, 4:42 PM
Government-owned India Post Payments Bank Ltd., once seen as a possible game changer for financial inclusion, has run into one trouble after another. First, rapidly changing technology made payments banks less relevant, and now a shortage of funds has led to a tussle between its management and employees.On Jan. 5, the bank’s board, led by new chief executive officer J Venkataramu, decided to stay implementation of the Eleventh Bipart...
Government-owned India Post Payments Bank Ltd., once seen as a possible game changer for financial inclusion, has run into one trouble after another. First, rapidly changing technology made payments banks less relevant, and now a shortage of funds has led to a tussle between its management and employees.

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