Wednesday, October 16, 2013

VITALINFO: BRAKES ON BANKING BY POST OFFICES

VITALINFO: BRAKES ON BANKING BY POST OFFICES
While the spread may be attractive argument for financial inclusion agenda its ability to be part of mainstream is rightly suspect in the backdrop of poor financials and inefficient financial management.  It has proven abilities in postal delivery although its savings portfolio touted by its minister Kapil Sibalas a platform for entry through bank license route. It would have caused systemic risk as well.