Wednesday, 8 April 2015

ostal bank set to become a reality, says Rajan, Governor RBI

The country will see many new banks in the coming years, including a postal bank promoted by the postal department, Reserve Bank of India (RBI) governor Raghuram Rajan said on Thursday.

Speaking on the occasion of commemorating 80 years of the central bank, the governor said, “In the coming year, we will have many new players in the banking eco-system, such as payments banks, small finance banks and possibly a postal bank competing with existing universal banks, regional rural banks, cooperative banks, and a variety of non-bank finance companies.”

Amendment of Department of Posts ( Postman and Mail Guard ) Recruitment Rules, 2014

Click here to view the  Gazette Notification on the above subject matter.

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