Cabinet approves 80% hike in spending for India Post Payments Bank to Rs 1,435 crore

Cabinet approves 80% hike in spending for India Post Payments Bank to Rs 1,435 crore The additional outlay of Rs 635 crore is primarily on account of costs related to technology (Rs 400 crore) and human resources (Rs 235 crore), an official statement said after the Cabinet meeting chaired by Prime Minister Narendra Modi.

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