POST BANK OF INDIA
Eventhough full details of the
proposed Post Bank of India is not made public, it is learnt
that
(1) Post Bank will be a public sector Bank under the control of Department of
Posts as a subsidiary organization. It will function as a Bank separately, just like any other
public sector Banks. All Banking Rules and Regulations will be equally
applicable to Post Bank also.
(2) Recruiting personnel for running the Bank will
be done in the same manner as being done by public sector Banks. Open market recruitment will
be made. Existing Postal Employees will not be considered for appointment in the
Post Bank.
(3) The Post office Savings Bank
will remain as it is and do business as is being done now. Post Bank will
be a separate entity.
(4) Full details are yet to be
published.
(M.
Krishnan)
General
Secretary
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