
The
Prime Minister's Office (PMO) is likely to undertake a review of India
Post on April 14 regarding action taken by the department for setting up
its payments bank.
According to sources, PMO
will also take stock of progress made by Department of Post (DoP) to
improve functioning through initiatives like e-commerce and IT
modernisastion.
The Public Investment Board
(PIB) has already approved the Rs 800-crore proposal from India Post for
setting up a payments bank and after the PMO review, it will be sent to
the Cabinet for final approval. "Top officials of DoP will brief PMO
about the progress made so far by the department in improving efficiency
and what is the latest update regarding the payments bank," a source...