Department called Express Of Interest from the bidders to create Post Bank of India.

Dear Comrades,

                Postal department invited Expression of Interest from the Bidders to submit detailed Project report to Create Post Bank Of India. The last date for submitting the applications are 24/05/2012 and the bids will be opened on 25/05/2012. In the tender document it is clearly mentioned the objectives for setting up the Post Bank Of India are as follows :

1. Provide banking which means the accepting, for  the purpose of lending or   investment, of deposit of money from the public, repayable on demand or otherwise, and withdrawal by Cheque, draft, order or otherwise. PBI will be engaged in various types of banking as mentioned in Section 6 of the Banking Regulation Act, 1949.
2. Provide banking services with special focus on  rural areas.
3. Provide means of additional revenue generation for the DOP .
4. Ride on the Core Banking Solution which is proposed to be provided in all the post offices.
5. Provide a platform for financial inclusion.
6. Provide higher order value added services to over 250 Million existing Post Office Savings Bank account holders.

Brace yourself to take the challenges in the near future. Definitely it will be a tough tomorrow for the existing departmental set up. We have to face more threats of privatization in the coming days. So, let's prepare for that battle .  

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