Monday, July 7, 2014

RBI: India Post needs to re-apply for licence

 India Post will have to re-apply for a bank licence under the differential licence norms, if they are keen to function as a payment bank, R. Gandhi, deputy governor of the Reserve Bank of India told Cogencis. “That is government. That is up to them. If they want to apply as a payment bank, then it has to be a fresh application !” Gandhi said.......

Read - FPJ

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