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Post Bank to get professionals from pvt
sector
May get license from RBI in August;
the bank is projected to earn a revenue of Rs 2,365 cr over the first five
years
The postal department has decided to
rope in professionals from the private sector for top positions at Post Bank of
India (PBI), its proposed fully-owned payments bank.
As PBI is to use the department's infrastructure - real estate, office
premises, computers, information technology system and a large part of its
staff - to run the payments bank, the department expects to earn a revenue of
Rs 2,365 crore over the first five years of operations, through transfer
pricing. This will help the government reduce the subsidy it annually gives the
department for running its...