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India Post to enter banking space

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.

Post offices in Delhi to give 7% discount on gold coins

Last Updated: Tuesday, October 30, 2012, 23:09

Indian Postal department Tuesday said 28 post offices in Delhi will offer 7 percent discount on gold coins during November 2-11 period.

National Postal Policy to be announced in 2012: Kapil Sibal

Last Updated: Thursday, February 02, 2012, 00:01

A policy targeting expansion and modernisation of the postal network would be announced this year, said Communications Minister Kapil Sibal said on Wednesday and added that the postal department had applied to the Reserve Bank of India (RBI) for a banking licence.

Telecom Ministry mulls corporatisation of Postal Dept

Last Updated: Wednesday, July 20, 2011, 18:12

In an effort to streamline revenue of the Department of Post (DoP) and to make it more competitive, the telecom ministry plans to corporatise its operations by tying up with private retailers, banks and educational institutions.