......Forget microfinance companies, even compared to
government-owned banks, the postal bank’s cost structure, if it assigns
some banking duties to postmen, will be lower. India Post wants the
government to sanction around . 1,300 crore for capital adequacy and to
hire more people. It should get the money. The RBI wants new banks to be
set up through
a wholly-owned non-operative financial holding company. So, the postal
bank will need to be corporatised. It should run on sound commercial
principles and at arm’s length from political masters..............
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