RAJYA SABHA Q&A regarding Post Bank of India & Task force Recommendations on PBI
GOVERNMENT OF INDIA MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY DEPARTMENT OF POSTS RAJYA SABHA UNSTARRED QUESTION NO.163 TO BE ANSWERED ON 24 TH APRIL, 2015 POSTAL BANKS 163. DR. PRADEEP KUMAR BALMUCHU: Will the Minister of COMMUNICATIONS AND INFORMATION TECHNOLOGY be pleased to state: (a) whether it is a fact that Government is urging the Department of Posts to come up with opening of Postal Banks in the country, if so, the details thereof; (b) whether the Subramanian Committee, to which the matter had been referred, has submitted its report and has made recommendations in this regard; and (c) if so, the details thereof? ANSWER THE MINISTER OF COMMUNICATIONS AND INFORMATION TECHNOLOGY (SHRI RAVI SHANKAR PRASAD) (a) Sir, the Department of Posts has submitted an application to Reserve Bank of India on 30.1.2015 seeking license for setting up Post Bank of