NEW DELHI: The government is looking at taking the legislative route, by next month, to finalise the setting up of Postal Bank of India and will soon approach RBI to consider the postal department's application for banking licence. In a recent meeting chaired by Prime Minister Narendra Modi, the Department of Posts (DoP) said that it is ready to move into the banking space by becoming a universal bank, sources said. According to a presentation given to the Prime Minister, DoP, in consultation with the government, may approach RBI this month to consider its original application for a universal bank, the source said. "Simultaneously, modalities for the alternative of taking the legislative route to set up Postal Bank of India (PBI) would be worked out in February," the source said. The meeting, which was also attended by Communications and IT Minister Ravi Shankar Prasad, discussed the proposals of the 'Task Force on Leveraging the Post Office Ne