Thursday, August 21, 2014

India Post's banking application: RBI lobs ball in government's court


Reserve Bank Deputy Governor R Gandhi today said the Union government has to take a final call on application for banking licence by the India Post, which has a network of over 1.5 lakh post offices countrywide.  "India Post is in the hands of the government. It is the government which has to approve them to come to us for licence," Gandhi told reporters here. 



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