The finance ministry,saying the
postal department does not have the expertise to run a bank, including handling
credit and other banking functions. It feels the business proposal is unlikely
to be viable.
But the postal department does not
agree with this view, saying it has several years’ experience in deposit
mobilization and that Post Bank of India will be run by professional management
using its strong network. The postal department has close to 155,000 offices
spread across the nation, as many as 139,040 of which are in rural areas.
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