After a long period of suspense, at last the India Posts may get licence for starting Payment Bank. While the government was prepared to grant bank licence to corporates, it was delaying grant of the same to the India Posts, although it was fully justified.
India Posts is having 1,54,149 Post Offices with 31 crore account holders in the Postal SB. It also delivers 1,575 crore mails every year. It is fully justified for the Bank Licence.
Let us hope the licence will be issued with out any delay.