India Post Payments Bank (IPPB) Posts ₹134 Crore Profit in FY 2025 and Seeks to End Hiring Freeze.
Banking & Finance
In the fiscal year 2024–25, India Post Payments Bank (IPPB), operating under the Department of Posts and the Ministry of Communications, achieved a net profit of ₹134 crore, signaling robust growth. The bank’s management has now proposed lifting its long-standing hiring freeze to support expansion in staff and services.
- For FY 2024–25, IPPB recorded a net profit of ₹134 crore, a remarkable turnaround from prior years. This achievement underscores its operational resilience and efficiency as a government-run payments bank.
- IPPB serves 120 million customers, with total deposits reaching ₹20,000 crore. This scale reflects its success in leveraging the extensive postal network to penetrate underserved rural and urban markets.
- The bank's operating margin surged—from around 3.4% in FY 2023 to approximately 12.5% in FY 2025—demonstrating enhanced revenue efficiency and tighter cost management.
Main Point :- (i) IPPB has made a formal request to the government to lift its hiring freeze, in place since 2020. The bank estimates it needs around 1,000 personnel across field operations and corporate roles to meet growing service demands.
(iii) Expanding its mandate beyond payments, IPPB is deepening rural credit access through partnerships with HDFC Bank, Axis Bank, Aditya Birla Capital Finance, and Aadhar Housing Finance. It is offering various small-ticket digital loans covering agriculture, gold, personal, and Kisan Credit Card needs.
About India Post Payments Bank Limited (IPPB)
Secretary : Vineet Pandey
Headquarters: New Delhi
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