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India Post selects Deloitte as consultant for payments bank

Public Investment Board has already approved the Rs 800-crore proposal of India Post

Press Trust of India  |  New Delhi 

India Post has selected Deloitte to advise it on setting up a payments bank and an agreement between the two will be signed on March 14. The Public Investment Board has already approved the Rs 800-crore proposal of India Post and in 15 days, it will go to the Cabinet for final approval. "We have selected Deloitte as the consultant for payments bank. The agreement will be signed on March 14," an official in the Department of Post (DoP) told PTI. India Post payments bank will primarily target unbanked and under-banked customers in rural, semi-rural and remote areas, with a ...

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First Published: Sun, March 13 2016. 11:22 IST
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