Wednesday, February 2, 2022

HDFC Bank, ICICI Bank and SBI may be the biggest beneficiaries from govt's push to convert post offices into banking outlets

According to the proposals in the union budget, customers would be able to access post office accounts through net banking, mobile banking, ATMs, and also provide online transfer of funds between post office accounts and bank accounts. This will be helpful especially for farmers and senior citizens in rural areas, enabling interoperability, and financial inclusion.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/hdfc-bank-icici-bank-and-sbi-may-be-the-biggest-beneficiaries-from-govts-push-to-convert-post-offices-into-banking-outlets/articleshow/89301730.cms

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