Postal Department News

Insurance

Postal department to spin off life insurance business into separate unit

Sinha said IPPB has rolled out 1.26 lakh access points over the last five months and in the next week or 10 days the number is expected to rise to 1.36 lakhOver 1 lakh post office savings bank customers are availing inter-operable banking service by linking their post office savings account to IPPB account

1 min read30 Jan 2019
Industry

Mahindra on US shortlist for developing next generation delivery vehicle

Mahindra is among the six vehicle manufacturers that has been selected by the United States Postal Service to deliver the next generation delivery vehicle prototypes

1 min read10 Oct 2016
Industry

Stamps set to generate greater revenue for India Post

Philately is becoming more popular, not just among individuals but also businesses, and is expected to add more money to India Post's coffers

2 min read1 Jul 2016
Politics

India Post payments bank to employ over 3 lakh staff

Initially, most of the 3.5 lakh workforce will be posted on deputation who will be gradually replaced by fresh recruits

1 min read2 Jun 2016
Industry

India Post payment bank to start from March 2017: Ravi Shankar Prasad

Prasad says as many as 40 international financial conglomerates have shown interest to partner with the Postal Department for the payment bank

1 min read28 Dec 2015
Industry

RBI may give payment bank licence to postal dept by September: Ravi Shankar Prasad

RBI will grant payment bank licence to the postal department which will enable the network of 1,54,000 post offices to offer banking services

1 min read9 Jul 2015
Industry

DoT set to submit spectrum policy for cabinet nod

Telecom Commission to meet on 11 June to finalize policy on sharing and trading of spectrum by telcos

3 min read3 Jun 2015
Industry

First post office savings bank ATM inaugurated in Chennai

P. Chidambaram said the ATM is part of govt's `4,909 crore IT modernization scheme for the postal department

1 min read27 Feb 2014
Politics

Speed Post, money orders may get costlier

Speed Post, money orders may get costlier

1 min read7 Mar 2012
Politics

Sachin Pilot | Postal department can help bring about financial inclusion

Sachin Pilot | Postal department can help bring about financial inclusion

4 min read4 May 2011
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