Moving a step closer to setting up a banking business, the Department of
Posts has started scouting for a consultancy firm to prepare a road map
for the proposed ‘Post Bank of India' (PBI).
The Department has already carried out a feasibility study for setting
up Post Bank of India and has invited expression of interest from
consultancy firms — domestic or foreign — to finalise the plans for the
bank.
The DoP, according to an official document, “intends to obtain approval
from the Cabinet and licence from RBI for creation of a full-fledged
bank (PBI).”
The consultancy firm will provide inputs on issues such as
organisational...