Monday, September 19, 2011

Sachin says India post to be converted to banking service

Dear Comrades,

Union Minister of State for Communication and Information Technology Sachin Pilot today said his Ministry has approached the RBI to provide license to the Indian Postal Department to convert it into a banking service of the country.

Addressing a press conference at the Regional Institute of e-Learning and Information technology Merema, about 15 km away from Kohima, Mr Pilot said there are 1.55 Lakh Post Office branches throughout the state and with the introduction of modern equipment, the Department has lifted its level of compete with the Banks.

For the improvement of work not only in postal service and various Money Deposit Schemes, his Ministry was thinking to revamp the Postal Department to a banking sector. He said the country was the third for using internet after China and the US, although the internet rate is only 12 per cent in the country, which required improvement to bring the country into the global standard.

Merema | Friday, Sep 16 2011 IST webindia123.com
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