GOVERNMENT OF INDIA
MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY
DEPARTMENT OF POSTS
RAJYA SABHA
UNSTARRED QUESTION NO.533
TO BE ANSWERED ON 27th
FEBRUARY, 2015
BANKING
SERVICES IN POST OFFICES
†533. SHRI BHUPENDER YADAV:
Will the Minister of
COMMUNICATIONS AND INFORMATION TECHNOLOGY be pleased to state:
(a) whether
Government proposes to entrust banking related services to the Department of
Posts;
(b) whether all post
offices in the country would also function as a bank; and
(c) if so, by when
this work is likely to be completed?
ANSWER
THE MINISTER OF
COMMUNICATIONS AND INFORMATION TECHNOLOGY
(SHRI RAVI SHANKAR PRASAD)
(a) Yes Sir. The
Department of Posts applied to the Reserve Bank of India for issuance of
license for setting up of Payments Bank on 30.01.2015.
(b) No Sir. The
Government does not propose to convert all post offices in the country to function
as a bank. However, Department of Posts applied for license for setting up a
Payments Bank on 30.01.2015, which may utilize a part of existing resources
/infrastructure of the Department.
(c) Date of
completion of the above work will be depended on the decision of the Reserve
Bank of India.
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GOVERNMENT OF INDIA
MINISTRY OF COMMUNICATIONS
AND INFORMATION TECHNOLOGY
DEPARTMENT OF POSTS
RAJYA SABHA
UNSTARRED QUESTION NO.547
TO BE ANSWERED ON 27th
FEBRUARY, 2015
DEPARTMENT OF POSTS ENTERING
INTO BANKING SERVICES
†547. SHRI RAM NATH THAKUR:
Will the Minister of
COMMUNICATIONS AND INFORMATION TECHNOLOGY be pleased to state?
(a) whether
Government plans to establish Post Bank of India by converting the wide network
of post offices spread across the country into commercial banks, if so, the
details thereof;
(b) whether the
Department of Posts had expressed its intention before the Government of
entering into banking services in the rural areas during a discussion on the
suggestions of a task force constituted on India Post; and
(c) if so, the details thereof and the
action plan made by Government in this regard?
ANSWER
THE MINISTER OF
COMMUNICATIONS AND INFORMATION TECHNOLOGY
(SHRI RAVI SHANKAR
PRASAD)
(a) The Government does not propose to
convert the wide network of post offices
spread across the country into commercial banks. The proposed Post Bank of
India is envisaged as an independent entity.
(b) During the discussions on the suggestions
put forward by task force constituted for leveraging the Post Office Network,
the Department of Posts expressed the view that it is ready to enter into the
banking space with focus on rural areas.
(c) Based on a consideration of all relevant aspects,
the Department of Posts has submitted an application to Reserve Bank of India
seeking License for setting up a Payments Bank as an independent entity.
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