Union Minister Ravi Shankar Prasad today said he expects
Reserve Bank of India(RBI) to grant payment license to proposed Post Bank of
India by July. He said the network of 1,54,000 post offices (including 1,30,000
rural post offices) equipped with payment bank facility will bring new
revolution.
On proposed Post Bank of India for which permission is
pending with Reserve Bank of India, Union Minister said, “by July August the
payment bank license is ought to be given. We have 1,54,000 post office. With
opening of payment bank there will be new financial revolution. We have 1.5
lakh service sectors involved. We want our 1.30 lakh rural post offices also to
be covered under this network.”
Briefing about one year achievements of his department
Prasad said, “In last one year 27,215 post offices are networked into one
national unit through computers. Money transfer etc facilities are available
through this network. 1,30,000 solar powered handheld bio-metric devices to be
provided to rural post offices. ”
“In previous year there were 4 ATMs, in this year 115
ATMs are installed. Core banking solution availability is up from 236 to 2590
post offices in one year.”
“E-commerce cash on delivery revenue has been up from Rs
100 crore to Rs 500 crore in a year. Parcel revenues grew by 37% this year from
2% decline in previous year. 28 new parcel centers are established to boost
e-commerce.”
“CAG report laid in parliament on May 2015 highlights
that speed post service is better than private couriers. The survey was
conducted in 8 states before this conclusion.”
