Ravi Shankar Prasad meets DoP officials Post Bank, eCommerce

Image
Press Trust of India New Delhi
Last Updated : May 01 2015 | 7:57 PM IST
Communications and IT Minister Ravi Shankar Prasad today met senior officials of the Department of Posts (DoP) to review issues relating to setting up of Post Bank and eCommerce delivery segment.
Prasad said DoP with the world's largest postal network can make Post Bank a game-changer in the Indian banking sector as well as become a market leader in domestic eCommerce delivery segment.
"Minister of Communications and IT Ravi Shankar Prasad chaired a review meeting on the issues relating to setting up of Post Bank, Mail delivery and eCommerce at Dak Bhawan, New Delhi on May 1, 2015," an official statement said.
Prasad emphasised that with a vast network of post offices at its disposal, the proposed Post Bank should become a game-changer in Indian banking sector. It should become a local agency for the recently announced MUDRA Bank, it added.
"The Minister stated that Department should step up its efforts to ramp up its capabilities to book, process, transmit and deliver eCommerce articles. By doing so, DoP can easily become a market leader in domestic eCommerce delivery segment," it said.
He directed senior officers in postal circles to have one-to-one meeting with eCommerce players operating in their areas to obtain their feedback about the services and undertake immediate remedial action wherever required, the statement said.
While reviewing the Department's performance in eCommerce parcel delivery, Prasad appreciated the growth of over 36 per cent in parcel revenue in the last one year.
"DoP has collected more than Rs 500 crore for COD (Cash on Delivery) articles of major eCommerce players such as Amazon, Flipkart, Snapdeal, Yepme, Naaptol, etc., in 2014-15," the statement added.
DoP Secretary Kavery Banerjee highlighted that incidence of complaints in Speed Post was 1:10,000 and that owing to its reach, track & trace and delivery performance, Speed Post was the market leader in domestic express sector.
The Secretary, however, assured Prasad that Department has initiated several steps to further improve mails delivery through development of road transport network, nodal mechanised delivery in larger cities and use of IT solutions for monitoring Letter Box clearance, it said.
"The Minister asked for a report on action taken by the Department against erring delivery staff in the last 6 months," the statement added.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 01 2015 | 7:57 PM IST

Next Story