Why India Post should get a banking licence

.....With this background, India Post should be the fittest candidate to establish a bank if indeed RBI wants financial inclusion, as no other public and private entity can compete with it in terms of reaching out to the rural masses. It is familiar with the art of deposit taking; has personalized relationships with rural folks who do not yet have access to Internet; and even though it does not directly invest in government bonds, it will not have any problem in fulfilling the statutory requirement of buying government bonds as it has been contributing to the consolidated fund of India. All it needs is to convert part of it into exposure to government bonds.......

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