THE DOP HAS PLANS TO SET UP POST BANK OF INDIA UNDER PAYMENTS BANK LICENCE.

            The Reserve Bank of India has already issued licensing norms for niche banks - payments banks and small banks.

            There will be no job losses during transformation of the Department of Posts, Communications and IT Minister Ravi Shankar Prasad assured Friday. "I assure all employees that no one will lose their job during the transformation of Department of Post.

            There is a need for capacity building," Prasad tweeted while sharing highlights of his address to circle heads of Department of Posts.

            The Minister has been asking postal employees to transform themselves and help in transformation of post offices. "Computerisation of all Post Offices must be completed soon.

            This is my priority and I will personally monitor the progress of this work," he tweeted. The minister said that proposed Post Bank of India will be a game changer for the department as it will take financial inclusion to a new level. "Post offices must gear up for this," he said.

            The DoP has plans to set up Post Bank of India under payments bank licence. The Reserve Bank of India has already issued licensing norms for niche banks - payments banks and small banks.

            Prasad said that DoP officers should reach out to eCommerce companies and offer them logistics services. "eCommerce is a great opportunity. India Post must use this opportunity to take eCommerce to the every corner of India," Prasad said.

            India Post has launched a mobile application and an e-commerce centre at Safdarjang, New Delhi that will handle e-retailing exclusively. The centre is capable of handling 30,000 parcels per day. Online retail players such as Amazon, Paytm and Snapdeal are using the Postal Department's services for their parcels.

            He said that post offices in rural India must also improve their facilities and improve their visibility by placing sign boards so that people can locate it easily.

            "Department of Post has to play a bigger & more active role in transformation of India. No other govt agency has such deep understanding of India," Prasad tweeted.

Source: PTI, Courtesy : http://www.moneycontrol.com/