India Post Payments Bank Ltd’s managing director and chief executive officer Ashok Pal Singh wants to keep it simple. The way the regulator has structured the business of a payments bank is that there is no skin in float. We will go to the market and make initial forays with standard and simple products. When I say interim technology, a standard CBS (core banking solution) is not really designed for high volume payment transactions. ALSO READ | How does India Post Payments Bank stack up against Airtel Payments BankHow do plan to train your employees to provide digital services?

Source: Mint February 28, 2017 18:45 UTC