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02 Oct 2015

Government to register postal bank by year end

The government is likely to register the postal bank by the end of the year while a pilot for payment services will be launched around January 2017.

10 Apr 2015

Rajan sees 'great' changes in banking sector

Reserve Bank Governor Raghuram Rajan on Friday said banking sector will see major changes in the coming years with the entry of new players, including a postal bank possibly, while public sector lenders will be the biggest "change agents".

11 Jan 2015

Govt mulls legislative route for setting up Postal Bank

The government is looking at taking the legislative route, by next month, to finalise the setting up of Postal Bank of India and will soon approach RBI to consider the postal department's application for banking licence.

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