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.”
