Last Updated: Wednesday, April 02, 2014, 19:34
The bank licences were awarded a day after the Election Commission granted approval to the RBI to go ahead with the process.
Last Updated: Saturday, March 01, 2014, 23:28
The department will open 2,800 more such ATMs by March 2015 which is part of its core banking system (CBS) project.
Last Updated: Friday, January 24, 2014, 22:19
The RBI is processing applications for banking licences from among 25 entities, including the Department of Posts and top corporates like Aditya Birla Groups and Anil Ambani Group.
Last Updated: Sunday, August 04, 2013, 15:59
"The expenditure finance commission will meet this month and finalise the fund to be provided to India Post for the proposed Post Bank of India," a finance ministry official said.
Last Updated: Wednesday, June 12, 2013, 14:46
Smart phones, emails and SMS seem to have pushed the humble telegram service to a quiet corner.
Last Updated: Tuesday, May 07, 2013, 19:40
The gold coins will available in the following 33 designated post offices across Punjab and UT Chandigarh.
Last Updated: Sunday, April 14, 2013, 15:48
The government has approved Rs 4,909 crore for phase II of modernisation of post offices under which the department is gearing up for providing real time core banking services as well.
Last Updated: Monday, March 18, 2013, 18:06
With 1 55,015 post offices across the country, the department has the most widely distributed postal network in the world.
Last Updated: Friday, February 22, 2013, 21:09
The Indian postal department plans to enter the banking business with RBI deciding to grant new bank licences to entities with credible track-record.
Last Updated: Tuesday, February 12, 2013, 13:22
The Department of Posts will release commemorative stamps this year honouring eminent musicians of India, including late Pandit Ravi Shankar, Bhimsen Joshi and D K Pattammal and legendary movie actors.
Last Updated: Thursday, December 06, 2012, 19:14
IT major Infosys plans to roll out in about two years, its Rs 700-crore project that would help India Post transform its banking and insurance operations cross 150,000 post offices in the country.
Last Updated: Thursday, November 22, 2012, 22:54
The government has cleared a proposal to modernise 1.55 lakh post offices across the country over the next two years at a cost of over Rs 4,900 crore.
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