India Post planning to set up a bank is good news ( July 15). The postal department has ready made infrastructure, and the staff made redundant by closing of telegram services can be utilised for the proposed bank. The big post offices can very well convert a part of the space into a bank, with ATM services. At present, one can open a savings bank account in a post office, and a section of the staff is well- versed with this aspect of banking operations. India Post banks will be an instant hit, with the public. It will give good competition to nationalised banks as well as private banks.
- Deendayal M. Lulla (FPJ)
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