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Watch: Decoding the Indian pincode system of post office
India

Watch: Decoding the Indian pincode system of post office

The Postal Index Number or PIN is an important part of any address in India.

Eight key announcements Suresh Prabhu made in 'mini railway budget' for FY18
Business

Eight key announcements Suresh Prabhu made in 'mini railway budget' for FY18

From Aadhaar-based ticketing to an integrated travel app, there are a slew of proposals for consumers too

Finance minister Arun Jaitley and telecom minister Manoj Sinha launch India Post Payments Bank
News & Analysis

Finance minister Arun Jaitley and telecom minister Manoj Sinha launch India Post Payments Bank

India Post is the third entity that recently received the licence to start payment bank operations from RBI last week.

India Post lashes out at Arvind Kejriwal in a tweet, later apologises and alleges hacking
India

India Post lashes out at Arvind Kejriwal in a tweet, later apologises and alleges hacking

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 incorporated, to start ops in 2017
Business

India Post Payments Bank incorporated, to start ops in 2017

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.

As big corporates shy away, can India Post get the payments bank model right?
Business

As big corporates shy away, can India Post get the payments bank model right?

The cost to set up and run operations far outweighs the benefits for the payments bank

Cabinet clears India Post's payments bank proposal
Business

Cabinet clears India Post's payments bank proposal

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.

Govt cutting PPF, small savings rates is good; now it is RBI's turn
Business

Govt cutting PPF, small savings rates is good; now it is RBI's turn

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

Union Telecom Ministry issues notices to BSNL and MTNL for bad service quality!
News & Analysis

Union Telecom Ministry issues notices to BSNL and MTNL for bad service quality!

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.

Payments banks: Not corporate biggies but India Post will emerge the dark horse in race for market
Business

Payments banks: Not corporate biggies but India Post will emerge the dark horse in race for market

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

E-Money order will be available across 70 percent post offices by December
News & Analysis

E-Money order will be available across 70 percent post offices by December

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.

India Post's focus should be inclusion, not universal banking; we don't need another PSU bank
Business

India Post's focus should be inclusion, not universal banking; we don't need another PSU bank

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.

Government may take up ordinance route to set up Postal Bank
Business

Government may take up ordinance route to set up Postal Bank

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.

Modi's gift for 2015: With ATMs and all, 'Post Bank' is readying itself to serve the poor
Business

Modi's gift for 2015: With ATMs and all, 'Post Bank' is readying itself to serve the poor

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

Snapdeal teams up with India Post to bring weavers, artisans online
News & Analysis

Snapdeal teams up with India Post to bring weavers, artisans online

Online marketplace Snapdeal has partnered India Post to jointly work on bringing thousands of weavers and artisans from Varanasi through its website.

Post Bank should be for poor; we don't want one more to feed corporate-political greed
Economy

Post Bank should be for poor; we don't want one more to feed corporate-political greed

Giving large value corporate loans shouldn't be the focus of PBI for its own good

Exclusive: Bypass RBI, create India Post Bank through law, PM's task force to tell govt
Finance

Exclusive: Bypass RBI, create India Post Bank through law, PM's task force to tell govt

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 />

Etail boom: India Post cashed in Rs 280 cr in a year from services to Flipkart et al
Corporate

Etail boom: India Post cashed in Rs 280 cr in a year from services to Flipkart et al

India Post is best suited to offer delivery services to e-commerce players, given its wide reach across rural, urban and semi-urban areas.

New RBI guidelines: India Post's long wait to become a bank may be finally over
Corporate

New RBI guidelines: India Post's long wait to become a bank may be finally over

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 />