GOVERNMENT OF INDIA
MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY
DEPARTMENT OF POSTS
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:
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
MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY
DEPARTMENT OF POSTS
RAJYA SABHA
UNSTARRED QUESTION NO.547
TO BE ANSWERED ON 27th FEBRUARY, 2015
UNSTARRED QUESTION NO.547
TO BE ANSWERED ON 27th FEBRUARY, 2015
DEPARTMENT OF POSTS ENTERING INTO BANKING
SERVICES
†547. SHRI RAM NATH THAKUR:
†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.
