India Post applies to Reserve Bank of India for commencing bank services!
Posted on: 05/Feb/2015 5:35:03 PM
National Stock Exchange & India Post department have joined the list of companies to commence banking services.
Reserve Bank of India has released the list of 113 companies who have applied for small banks or payment banks.
Indian National Stock Exchange & India Post are in this list.
Videocon & TechMahindra have also applied.
Reliance Industries has also applied to start a payment banks to operate jointly with State Bank of India.
RBI had given permission for starting small banks & payment banks in order to expand the existing banking service in the country.
113 applications were received. 72 companies have applied for small banks and 41 companies have applied for payment banks.
