As “India Post as banking platform” by Charan Singh rightly concludes (June 6), the post office has touched the life of every Indian, irrespective of age, caste or place. It can be a banking partner for us. Today, more than 50 per cent of Indian adults do not have a bank account and banking as a whole is an ever-growing industry. It has never seen a decline in business volumes. The department of post and telecommunications appears to be precisely qualified to meet the objectives of the licensing policy of the RBI, as P&T has the necessary infrastructure and network to penetrate the rural sector. Hope the new government leverages India Post for banking operations fruitfully, without further loss of time and reaches the heart, hand and mind of the Indian populace.
- RS Raghavan, Bangalore
No comments:
Post a Comment