IPPB A total of 12 India Post payment banks would come up in the 12 districts under Trichy postal division including two in the district before September this year, the director of postal services, central region, A Thomas Lourduraj has said. He also revealed that the region had seen a growth of 8.87 per cent during 2017-18 compared to the previous year in overall business. According to him, 37 payment banks would be established across the state. In an effort to provide banking services to the people, particularly in rural areas, the Union government had announced the establishment of 650 payment banks. He was speaking at a function to declare open the Trichy postal division’s migration to Core System Integration platform. The head post offices, sub-post offices and branch offices would be linked to the payment banks. The banks would provide banking services like savings accounts, payment and remittance services. However, they would not offer loans or credit cards, they said. ATMs hav...