India post forays into core banking

BANGALORE: Financial inclusion has become the latest buzz word in the Indian Economy. While major banks of the country are striving to achieve this dream, India Post have been playing a silent yet significant role.
As another initiative towards financial inclusion India Post has announced that it would be rolling out 150 branches of their core banking in the next two months.India Post, which has one of the largest networks, in terms of communication and which also boasts of over 20 crore individual savings bank accounts, had evinced interests in becoming a full fledged banking option, especially in Rural India.