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Post Bank of India?

By RAGHUVIR SRINIVASAN : By applying for a banking license, India Post has shown that it acknowledges the need for change. And with an extensive network that far surpasses other banks in the country, it is also poised to benefit the most with a license.

In the laundry list of applicants for new bank licenses, 26 in all, there is a surprise candidate rubbing shoulders with the Tatas, the Birlas and the Ambanis — the Department of Posts. Yes, get that raised brow of yours down, for if the Reserve Bank of India (RBI) approves its application, as well it might, your friendly neighbourhood post office will soon begin to offer banking services.

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