Coming soon: Post Bank of India

Moving a step closer to setting up a banking business, the Department of Posts has started scouting for a consultancy firm to prepare a road map for the proposed ‘Post Bank of India’ (PBI).

The Department has already carried out a feasibility study for setting up the Post Bank of India and has invited expression on interest from consultancy firms — domestic or foreign — to finalise the plans for the bank.

The DoP, according to an official document, “intends to obtain approval from the Cabinet and licence from RBI for creation of a full-fledged bank (PBI).”

The consultancy firm will provide inputs on issues like the organisational structure of PBI, requirement of seed money and its relationship with post offices.

The proposed PBI will provide banking services, including accepting of deposits from the public for the purpose of lending or investment.

The PBI will aim to “provide banking services with special focus on rural areas...ride on the Core Banking Solution which is proposed to be provided in all the post offices.”

Guideline regarding transfer and promotion in Bank

It is reported that the following guidelines have been sent by Ministry of Finance vide letter dated 3rd May, 2012, to all PS Banks for implementation :-
 Taking into consideration the academic session and other relevant factors, it  has been decided that the process of regular transfer of officers is also completed at the  beginning of the year so that the staff is not put to undue inconvenience.

Monthly Summary of Significant Events of Department of Posts for March, 2012

Postal Network to be Leveraged to Financially Include BPL Households Given below is a brief summary of significant events pertaining to Dept of Posts for the month March ,2012. 

Department of Posts have disbursed wages amounting to Rs. 540 crores to 5.45 crores MGNREGS account holders across the country (except in Bihar Circle) during February this year. 

SB Order No. 06/2012 dated 03.05.2012

INTRODUCTION OF FACILITY OF TRANSFER OF QUARTERLY INTEREST OF SCSS ACCOUNTS TO ANY BANK ACCOUNT THROUGH ECS

INTRODUCTION OF FACILITY OF TRANSFER OF QUARTERLY INTEREST OF SCSS ACCOUNTS TO ANY BANK ACCOUNT THROUGH ECS - RELEASE OF ECS FOR MIS & SCSS VER 2.5.5 AND VER 3.1.5 BY SDC KOLKATTA

Please click here to view S B Order No. 6 / 2012 issued vide Directorate's letter No.113-01/2002-SB, dated 03.05.2012 

Great Achievement, Postmaster Cadre website hats off GDS BPM

One good news. Selvi S. ArunaDevi, a GDS BPM Uralpatti BO A/W Komaralingam SO Under Udamalpet HPO has come out successful in all forms of IAS Examination ( Preliminary, Main and Interview ) in a

single attempt.

She did her school studies in a rural school and college studies in a private College at Udamalpet. She is brought up in  a poor family background. She prepared for the IAS on her own without any coaching. A very poor GDS from a rural background , studied not in reputed city institutions and without any coaching, coming out successful in IAS is a great achievement. Please Congratulate her and exhibit this news in our circle union website.

Highlight of Civil Services Exam, 2011 Results

Following are the important highlights of the Civil Services Examination, 2011, for which final result has been declared today.

Ø      The Civil Services (Preliminary) Examination, 2011 was conducted on 12thJune, 2011.  A record number of 4,72,290 candidates applied for this examination, out of which 2,43,003 candidates have actually appeared.

MAINTAINING APAR OF POSTMEN, GrD BY THE LSG SPM/PM GRADE I

Allowing the Postmaster Grade I officials to appear in IP/Group B examination

Thanks for taking this issue to Directorate

DEPARTMENT CALLED EOI TO CREATE POST BANK OF INDIA

Postal department invited Expression of Interest from the Bidders to submit  Detailed Project report to Create Post Bank Of India. The last date for submitting the applications are 24/05/2012 and the bids will be opened on 25/05/2012. In the tender document it is clearly mentioned the objectives for setting up the Post Bank Of India are as follows:

(i) Provide banking which means the accepting, for  the purpose of lending or investment, of deposit of money from the public, repayable on demand or otherwise, and withdrawal by Cheque, draft, order or otherwise. PBI will be engaged in various types of banking as mentioned in Section 6 of the Banking Regulation Act, 1949.

(ii)  Provide banking services with special focus on  rural areas.

(iii) Provide means of additional revenue generation for the DoP .

(iv) Ride on the Core Banking Solution which is proposed to be provided in all the post offices.

(v)  Provide a platform for financial inclusion.

(vi) Provide higher order value added services to over 250 Million existing Post Office Savings Bank account holders.

PS GROUP B CADRE REGION ALLOTMENT FROM OTHER CIRCLES TO TAMILNADU CIRCLE

Chief PMG(TN) has ordered the following Regional allotments in PS Gr B Cadre from other Circles.

01. Shri.S.Krishnamoorthy, SRM, Guwahati, Assam Circle allotted to CR.

02. Shri.J.Samuel Jawahar Raj, AD, CO, Guwahati, Assam Circle allotted to SR.

03. Shri.E.Durairajan, AD, CO, Srinagar, J & K Circle allotted to CCR.

04. Shri.G.M.Ramalingam, SRM, Jammu, J & K Circle posted as Manager, SPCC, Chennai vice transfer of Sri.S.G.V.Raman Iyer.

CO Memo No : STC / 1-6 / Re-allot / 2011 Dt. 03.05.12.

Dte Memo No : 9-3 / 2011 - SPG Dt. 30.04.12. 

Source : http://tnipasp.blogspot.in/