GOVERNMENT OF INDIA
MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY
DEPARTMENT OF POSTS
RAJYA SABHA
UNSTARRED QUESTION NO.533
TO BE ANSWERED ON 27th FEBRUARY, 2015
BANKING SERVICES IN POST OFFICES
†533.
SHRI BHUPENDER YADAV:
Will the Minister of COMMUNICATIONS AND INFORMATION TECHNOLOGY
be pleased to state:
(a) whether Government proposes to entrust
banking related services to the Department of Posts;
(b) whether all post offices in the country
would also function as a bank; and
(c) if so, by when this work is likely to be
completed?
ANSWER
THE
MINISTER OF COMMUNICATIONS AND INFORMATION TECHNOLOGY
(SHRI RAVI SHANKAR PRASAD)
(a) Yes Sir. The Department of Posts applied to the Reserve Bank
of India for issuance of license for setting up of Payments Bank on 30.01.2015.
(b) No Sir. The Government does not propose to convert all post
offices in the country to function as a bank. However, Department of Posts
applied for license for setting up a Payments Bank on
30.01.2015, which may utilize a part of existing resources /infrastructure of
the Department.
(c) Date of completion of the above work
will be depended on the decision of the Reserve Bank of India.
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GOVERNMENT OF INDIA
MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY
DEPARTMENT OF POSTS
RAJYA SABHA
UNSTARRED QUESTION NO.547
TO BE ANSWERED ON 27th FEBRUARY, 2015
DEPARTMENT OF POSTS ENTERING INTO BANKING SERVICES
†547. SHRI RAM NATH THAKUR:
Will the Minister of COMMUNICATIONS AND INFORMATION TECHNOLOGY
be pleased to state:
(a) whether Government plans to establish
Post Bank of India by converting the wide network of post offices spread across
the country into commercial banks, if so, the details thereof;
(b) whether the Department of Posts had
expressed its intention before the Government of entering into banking services
in the rural areas during a discussion on the suggestions of a task force constituted
on India Post; and
(c) if so, the details thereof and the
action plan made by Government in this regard?
ANSWER
THE
MINISTER OF COMMUNICATIONS AND INFORMATION TECHNOLOGY
(SHRI RAVI SHANKAR PRASAD)
(a) The Government does not propose to
convert the wide network of post offices
spread across the country into commercial banks. The proposed Post Bank of
India is envisaged as an independent entity.
(b) During the
discussions on the suggestions put forward by task force constituted for
leveraging the Post Office Network, the Department of Posts expressed the view
that it is ready to enter into the banking space with focus on rural areas.
(c) Based on a consideration of all relevant
aspects, the Department of Posts has submitted an application to Reserve Bank
of India seeking License for setting up a Payments Bank as an independent
entity.
.
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