......The Post Bank of India (PBI), as it is likely to be called, is all set to receive a banking licence from the Reserve Bank of India (RBI) within a month or so when it would issue licences to the short-listed applicants. A senior official of the General Post Office here told Khaleej Times that the PBI would provide banking services, including accepting of deposits from the public for lending or investment. In addition to deposit schemes, the PBI will also provide loans to general public and corporates like any regular bank. The first such bank with an ATM will be opened at the computerised Navrangpura post-office in the city.............
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