Which Foundation Day did India Post Payments Bank celebrate on 1 September 2026?
- A.7th
- B.8th
- C.9th
- D.10th
Correct answer
Explanation
The correct answer is the 9th Foundation Day, observed as IPPB Day 2026. The arithmetic is easy to hold if the launch date is remembered: India Post Payments Bank was launched on 1 September 2018, so the same date in 2026 completes nine years of working. The release itself says the bank has emerged over the past nine years as an important platform connecting citizens with banking, digital payments and government benefits. The other options are near misses of the kind a paper setter likes, and each is wrong only by a year or two, so the safer method is to anchor the launch year and count forward rather than to memorise the ordinal alone. Note also that the bank is set up under the Department of Posts in the Ministry of Communications, with the whole of its equity held by the Government of India.
Read the full article: IPPB Marks 9th Foundation Day, Launches DakPay Sound Box
Practice Questions
Which of these was launched by IPPB on its 9th Foundation Day for merchants?
- A.DakPay Sound Box
- B.Digital Mutual Fund Platform
- C.Surakshit Savings Account
- D.Digital Insurance Technology Platform
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The release describes it as a launch for merchants, designed to simplify and strengthen the acceptance of everyday digital payments at their end.
Read the full explanation →What was IPPB's customer base as on 31 March 2026?
- A.6.5 crore
- B.9.47 crore
- C.12.06 crore
- D.13.25 crore
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The release gives this as the pan-India customer base as on 31 March 2026, and adds two shares worth remembering: 77 per cent of these customers are in rural areas and 49 per cent are women.
Read the full explanation →Under which ministry is India Post Payments Bank set up?
- A.Ministry of Finance
- B.Ministry of Communications
- C.Ministry of Electronics and Information Technology
- D.Ministry of Corporate Affairs
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India Post Payments Bank has been established under the Department of Posts, which sits in that ministry, and the entire equity of the bank is owned by the Government of India.
Read the full explanation →On which stock exchanges is the equity share capital of the acquirer listed?
- A.Only the National Stock Exchange of India
- B.Only the Bombay Stock Exchange
- C.The Bombay Stock Exchange and the National Stock Exchange of India
- D.The Calcutta Stock Exchange and the Bombay Stock Exchange
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Kotak Mahindra Bank is described as a scheduled commercial bank licensed by the central bank to carry on banking business, with its equity share capital listed on both these exchanges.
Read the full explanation →Which business of Deutsche Bank in India is being acquired by Kotak Mahindra Bank?
- A.Corporate and investment banking
- B.Retail, private banking and wealth management
- C.Custody and fund accounting
- D.Treasury and foreign exchange dealing room
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The target business is precisely the retail banking and private banking segment together with the wealth management arm that the seller runs through its branches in India, and it is moving as a going concern on a slump sale basis.
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