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The first phase of the bank, with 650 branches and 3,250 post offices as access points, was inaugurated on 1 September 2018. [5] [6] Over ten thousand postmen have been roped into the first phase. [7] [8] By September 2020, the bank had acquired about 35 million customers. [9] The bank had acquired about 40 million customers by December 2020 ...
The Indian Post & Telecommunication Accounts and Finance Service / IP&TAFS (now known as Indian Communication Finance Service / ICFS) is a Group "A" Central Civil Services of the Union of India.
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India's commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, 6 PBs, 43 RRBs, and 2 LABs.
The Department of Posts, d/b/a India Post, is an Indian public sector postal system statutory body headquartered in New Delhi, India. It is an organisation under the Ministry of Communications . Generally known as the Post Office, it is the most widely distributed postal system in the world, and India is the country that has the largest number ...
Paytm Payments Bank and Airtel Payments Bank together command over 88% of the deposits in payment banks in India in 2018. According to the Reserve Bank of India's report on ‘Trend and progress of Banking in India 2017-2018', the payment banks reported losses in the financial year 2017-2018, after a weak performance in the FY 2016-17. [14]
CERSAI become operational on 31 March 2011. 51% of the equity is owned by the government, and the rest is owned equally by National Housing Bank and 10 other public sector banks. [1] The then Chairman of the National Housing bank, R.V. Verma, served as the first acting Registrar, managing director and CEO of CERSAI, while continuing to hold ...
The Department of Post (DoP) which wholly the India Post operates one of the oldest and most extensive mail services in the world. As of 31 March 2017, the Indian Postal Service has 154,965 post offices, of which 139,067 (89.74%) are in rural areas and 15,898 (10.26%) are in urban areas. It has 25,585 departmental PO s and 129,380 ED BPOs.
An example of a Postal Index Number from Ujjain in Madhya Pradesh. 4 indicates the West postal zone, 5 indicates a postal sub-zone in Madhya Pradesh, 6 indicates the Ujjain sorting district, 0 indicates the Ujjain core area service route, 01 indicates the Ujjain Head Office as the delivery office.