India Post News
The Postal Index Number or PIN is an important part of any address in India.
From Aadhaar-based ticketing to an integrated travel app, there are a slew of proposals for consumers too
India Post is the third entity that recently received the licence to start payment bank operations from RBI last week.
The official Twitter handle of India Post tagged Arvind Kejriwal in a tweet, berating him for "becoming headlines" in the Pakistani media.
India Post Payments Bank has come into existence after it received certificate of incorporation from the Registrar of Companies, setting the stage for the new bank to begin operations in 2017.
The cost to set up and run operations far outweighs the benefits for the payments bank
Government today cleared proposal to set up India Post payments bank with a corpus of Rs 800 crore and has plans to have 650 branches operational by September 2017, Telecom Minister Ravi Shankar Prasad said today.
The hope now is that the RBI will cut the repo rate further, banks will cut the interest rates on their loans and deposits, and people will borrow and spend
The Telecom Ministry has issued notices to state-owned BSNL, MTNL and India Posts after Union Minister Ravi Shankar Prasad personally took note of citizen complaints over service quality on social media since July.
Since payments banks do not require huge amount of capital, India Post will not have to struggle much to seek the capital assistance from the finance ministry
The Department of Posts is working on a plan to provide electronic money order service at 70 percent of its about 1.55 lakh post offices by December.
If Postal Bank of India wants to become a full service bank and engage in corporate lending, it would, somewhat, be the creation of yet another public sector bank -- a puppet of the government to roll out its populist measures and feed corporate greed.
The government is looking at taking the legislative route, by next month, to finalise the setting up of Postal Bank of India and will soon approach RBI to consider the postal department's application for banking licence.
The entry of post to the scene can change the game in banking. May be, that’s the best gift Modi can offer to India’s poor in 2015
Online marketplace Snapdeal has partnered India Post to jointly work on bringing thousands of weavers and artisans from Varanasi through its website.
Giving large value corporate loans shouldn't be the focus of PBI for its own good
An announcement in this regard is likely to be made as early as Thursday at Dak Bhavan, the headquarters of department of postal services in Delhi.<br />
India Post is best suited to offer delivery services to e-commerce players, given its wide reach across rural, urban and semi-urban areas.
The final guidelines on differentiated banks, spelled out by the RBI has paved the way for India post to fulfill its long-cherished dream of wearing the hat of a banker.<br />