With simple, diverse and growth-oriented offerings, IPPB aims to give every Indian access to efficient banking services.Incorporated as a Public-Sector Bank under the Department of Posts with 100% GOI equity, IPPB has launched on January 30th, 2017 in Ranchi and Raipur with the objective of being present in all corners of India by the end of the year.

October 2017: A press release from the Ministry of External Affairs (MEA) noted that the consignment would be the first to use the new route via Chabahar (Iran) to access Afghanistan, even as India plans similar transfers in the coming months.The shipment of wheat is a landmark moment as it will pave the way for operationalisation of the Chabahar port as an alternative, reliable and robust connectivity for Afghanistan. It will open up new opportunities for trade and transit from and to Afghanistan and enhance trade and commerce between the three countries (India, Iran and Afghanistan) and the wider region.