The Task Force, headed by former Cabinet Secretary, TSR Subramanian and including the Secretary Posts, Secretary Telecom and a few other top administrators has recommended for setting up of a Post Bank of India (PBI), wholly owned by the Department of Posts. It will attend to e-commerce, insurance, delivery of various government services  including Adhar, ration cards, Kisan Vikas Patra etc. as also banking.

the proposal is with the government. Earlier, the Reserve Bank of India had rejected the application of DoP for Bank Licence.