Moving a step closer to setting up a banking business, the Department of Posts has started scouting for a consultancy firm to prepare a road map for the proposed ‘Post Bank of India’ (PBI).The Department has already carried out a feasibility study for setting up the Post Bank of India and has invited expression on interest from consultancy firms — domestic or foreign — to finalise the plans for the bank.
The DoP, according to an official document, “intends to obtain approval from the Cabinet and licence from RBI for creation of a full-fledged bank (PBI).”
From: http://ping.fm/FEueI
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