India Post Bank

Today Economic Times dissected the list of 26 applicants who can be among the list of 4-6 probables getting that apple pie.The one that most caught my attention was that of our dear Post Office applying for the Bank  License.

My heart says that, i would be delighted if they get the license. These guys were there when there were no e-mails, no e-banking and no mobile telephony.They helped us communicate to our near and dear ones via telegrams, inland letters, post cards and helped those who were away from family earning far off via money orders. They serviced the length and breadth of the country.

But my mind says that its not an easy walk for India Post, considering the strong balance sheet of its rivals such as LICs, Ambanis, Birlas and Tatas of the world.India Post is financially not in a robust condition. Even telegram would die on 15th of July.

But then 2 things might turn table in its favor:

1- If given the license, India post would have widest possible reach with more than 1.5 Lakh branches.
2- If rural servicing is a significant criterion, then nobody can beat India post with over 3/4th of post offices in rural areas.


Lets shower our wishes to India post ---- that it's dream sees the light of the Day, after all Government backs it and it would definitely be a strong point from RBI point of view.