A woman enters the India Post Chembur branch in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)
Government-owned India Post Payments Bank Ltd., once seen as a possible game changer for financial inclusion, has run into one trouble after another. First, rapidly changing technology made payments banks less relevant, and now a shortage of funds has led to a tussle between its management and employees.On Jan. 5, the bank’s board, led by new chief executive officer J Venkataramu, decided to stay implementation of the Eleventh Bipart...