India Post keen to become a universal bank

Thursday, November 13, 2014

MUMBAI: India Post is interested in turning itself into a universal bank like many of its peers across the world and a committee under former Cabinet Secretary TSR Subramanian is looking into the matter, a senior department official said today.

“We still want to be a full-fledged bank. The government will decide whether they want to give to us or not,” chief postmaster general, Maharashtra circle, Pradipta Kumar Bisoi told reporters here.

Source: Economic Times (link opens in a new window)

financial inclusion, poverty alleviation