India Post pushes ahead with managing an account arrange notwithstanding restriction
By Vaibhav Aggarwal
Sep 24, 2013
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Notwithstanding solid resistance from the money service, the postal section has planned to approach the Union bureau one month from now looking for capital of up to Rs.1,900 crore for a proposed business bank, as per two individuals acquainted with the advancement. On Tuesday, an email was sent which is still unanswered to Rajiv Takru, the financial administrations secretary around the same time the story was written. The move is during the same tile when the administration gets ready to start another bank solely for ladies with an Rs.1, 000 crore capital base.

Out of the 26 contenders for managing an account licenses, the postal section, chose to hurry with the proposal to the bureau since it ought to persuade RBI that it has enough stores if for sure Post Bank is shortlisted, the official said.

Every rustic post office covers around 6,000 individuals on a normal and urban post work places covers around the range of 24,000 individuals each one, as per a 2011 gauge. In any case, Post Bank of India plans to open 300-400 extensions, every additionally administering a particular number of postal outlets.

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