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.
************
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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