India Post Payments Bank achieves 60–70% annual growth, Posts ₹134 crore profit

Minister of State for Communications, Dr. Chandra Sekhar Pemmasani, today reviewed the performance of India Post and India Post Payments Bank in New Delhi. The discussions focused on digital initiatives, customer convenience, and ways to make services more accessible across the country. During the meeting, Mr Pemmasani highlighted the need for close coordination between India Post and India Post Payments Bank so that citizens, especially in remote areas, continue to receive affordable and reliable services at their doorstep. The Minister underlined that trust, financial inclusion, and last-mile reach remain the key priorities. With over 12 crore customers, revenues of over two thousand crore rupees, and a profit of 134 crore rupees, the India Post Payments Bank has posted a compound annual growth rate of 60 to 70 per cent over the last two years.