The Department of Posts is working to gear upward an insurance society later on launching of a payments banking firm in addition to the packet directorate, Communications Minister Manoj Sinha said.
"Departments of Posts is forthwith reincarnating itself. After diversifying its describe concern amongst packet directorate in addition to payments bank, the subdivision has decided to gear upward insurance theatre equally a particular describe concern unit of measurement inward ii years," Sinha told PTI.
"The asking for proposal to appoint a consultant for setting upward insurance unit of measurement volition last floated inward the coming week," Sinha said.
Prime Minister Narendra Modi launched Republic of Republic of India Post Payments Bank (IPPB) on September 1 that aims to accept banking to the doorstep of every citizen past times arming 3 lakh postmen in addition to 'Grameen Dak Sewaks' amongst digital aids to deliver fiscal services.
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