Task Force on India “Postal Bank” to submit report by year-end

Wednesday, October 29, 2014

The Task Force set up by Prime Minister Narendra Modi to leverage post office’s network in the country in a bid to enhance the role of India Posts in the financial inclusion, among others, will submit its report by the end of this year, a top government official said today.

The ’Task Force on leveraging the Post Office network’ includes the Department of Posts Secretary Kavery Banerjee, Telecom Secretary Rakesh Garg, Department of Electronics and IT Secretary R S Sharma, Rural Development Secretary L C Goyal and former SEBI Chairman G N Bajpai.

Former Cabinet Secretary TSR Subramanian is the Chairman of the Task Force.

“The Task Force is working on the mandate provided to it by the government and it will submit its report by the end of the year,” Banerjee told reporters on the sidelines of 2014 WSBI Postal Savings Banks Forum here.

Source: Business Standard (link opens in a new window)

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banking, branchless banking, financial inclusion, government, unbanked