Wednesday, 31 July 2013

Post Bank - Warm reception from Press. Is it Viable Bank ?

Post, the future home of postal e-services.

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     Six years ago, the department had suggested its transformation into a bank, but that wasn’t cleared by the Reserve Bank of India. At the time, India was not looking to approve new banks. This time around, there’s been a warm reception, with newspaper editorials giving the proposal a thumbs-up, citing its national reach and emotional connect with the people. But is that sufficient to make for a viable bank? 

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