India Post as a banking platform

Description

This hoary institution need not turn into a bank. But its rural outreach can help in financial inclusion India Post has not been granted a banking licence in the current round of allocations. The Reserve Bank's opinion is that the issue needs more analysis and the Government needs to be consulted.In view of the fact that commercial banks have recorded high non-performing assets, their earlier efforts at extending financial inclusion cannot be easily replicated. Read more at: https://www.thehindubusinessline.com/opinion/India-Post-as-a-banking-platform/article20792794.ece

Publication Date

5-6-2014

Publication Title

The Hindu Business Line

Publisher

THG Publishing Pvt. Ltd.

Keywords

Postal service, Indian postal system, Banking, Commercial banks, Financial inclusion

Source Link URL

https://www.thehindubusinessline.com/opinion/India-Post-as-a-banking-platform/article20792794.ece

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