Postal Department's payment bank to start from March 2017: Ravi Shankar Prasad
New Delhi: India
Post will launch its payment bank by March 2017, Telecom Minister Ravi
Shankar Prasad said yesterday. As many as 40 international financial
conglomerates, including World Bank and Barclays, have shown interest to
partner with Postal Department for the payment bank, Prasad said on the
sidelines of an event on Good Governance.
"We
will start the postal payment bank by March 2017," the Minister said.
The Reserve Bank granted in-principle approval to 11 applicants,
including Postal Department, in August to set up payments banks.
The
Department of Electronics and Information Technology is celebrating
Good Governance Week, from December 25, 2015. The Minister also launched
23 products and services including Wi-Fi hotspots at Har ki Pauri,
Haridwar and Dargah Sharif, Ajmer and BPO promotion scheme, among
others, on the occasion.
He said after the successful turnaround of BSNL, new initiatives have
been taken for improving performance of MTNL also. Besides, Prasad
announced the launch of free incoming all over the country by MTNL from
next year.
Regarding
the BharatNet project, the Minister said as of December 20, about
79,593 kilometres of optical fibre has been laid in 33,702 gram
panchayats. "By March, we will reach 50,000 gram panchayats and one lakh
gram panchayats by the end of next year," he said.
Prasad also reiterated the commitment of the government towards the implementation of 'Digital India' programme.
India News Desk
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