Here's what you must know about the new rule, its implications, and whether it affects taxpayers' rights and privacy.
The Department of Posts has decided to hire a professional agency to prepare a roadmap for its proposed banking initiative.
The prospect of India Post turning into a bank sounds like a capital idea, especially since we are talking about inclusive banking.
Key questions remain about the operational and financial viability of a completely paperless bank such as India Post, says Mayank Jain.
.jpg)
Kotak Mahindra Bank chief Uday Kotak has assured that there will not be "any dramatic" reduction immediately in the number of employees following the merger of ING Vysya Bank.
The DoP has moved a Cabinet note for the government to provide Rs 500 crore (Rs 5 billion) as initial capital to India Post towards starting a bank.
India Post will have to re-align its bloated staff well before getting transformed into a full fledged bank.
The vertical will be based out of Bengaluru.
Some depts have posted bank account & income details on net for transparency; experts cry privacy breach
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
The department of post is planning to offer banking services by starting a full-fledged bank, to be named Post Bank of India.
Paytm has, since November 8, been on an overdrive, rolling out a series of features on its app including multi-language options for a no-holds barred access across the country. The company is now planning to make Paytm available on all types of mobile phones, going much beyond smartphones.
Nivedita Mookerji finds out how Paytm CEO Vijay Shekhar Sharma is handling his soaring popularity after the note ban as well as the criticism that comes as a package deal.
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
The Bharatiya Janata Party regime will have to make good on this election slogan to restore state-owned banks to health, says Rajiv Lall.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances