Now, India Post in "Post Bank" avatar

In a major exercise to boost its profitability, the Department of Posts (DoP) plans to introduce core banking solutions besides setting up India Post ATMs and debit cards for its customers. “We have set target of bringing in core banking solution by 2012. It will ensure smooth online transactions. We are giving some e-payment services, but they are fragmented,” a top offical from Department of Post said

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