- The government cleared the proposal to set up India Post payments bank with a corpus of Rs 800 crore and has plans to have 650 branches operational by September 2017, Telecom Minister, Ravi Shankar Prasad said on Wednesday.
- The Minister said the payments bank will be professionally managed and will have a representation from various other government departments including the Department of Posts, Department of Expenditure, Department of Economic Services, etc.
- He said that all ‘grameen dak sevaks’ in rural post offices will be given handheld devices by March 2017.
“We are reinforcing it further. I have had discussion with my officers to give iPad and smartphones to postmen in urban post offices,” Prasad said.
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