Indian Post, one of the most trusted names in the country is working very aggressively toward the Financial Inclusion Plan and has announced to roll out the Core Banking facility at around 150 branches with in next two months.
Indian Post has an extensive network that also covers the rural and remote areas of the country. The Post Master General (Karnataka Circle), Vaumitra said that around 4000 branches would be included under the Core Banking Facility very soon.
"The operations would be carried out in a phase by phase manner and in the first phase nearly 1,000 Departmental Post offices would have core banking," he said. The first phase of the project will start by implementing CBS at 150 branches in Karnataka.
He also said that due to the presence of India Post even in the far-flung areas in the country a lot of banks are willing to partner with them.
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