Dear Comrades,
The Department of Posts has issued request for proposals (RFP) to five
top notch foreign consultancy firms for the proposed Post Bank of India
project.
The five short-listed firms are Accenture Services, Boston Consulting
Group, Ernst & Young, KPMG Advisory Services and McKinsey & Co.
The Department of Posts (DoP) is looking to set up a bank — Post Bank of
India (PBI) — to provide banking services with special focus on rural
areas.
Besides providing a platform for financial inclusion, the Post Bank of
India will provide means of additional revenue generation for the DoP.
The consultancy firms chosen, out of the five short-listed ones, will as
part of the assignment focus on Detailed Project Report (DPR) on
creation of PBI, financial viability of PBI, proposed organisational
structure of PBI in the light of RBI regulations, and relationship
between PBI and Post Office Savings Bank.
The Hindu Business Line
