NEW
DELHI: THE Department of Posts has asked Punjab National Bank, Canara Bank,
Bank of Baroda, Bank of India, Union Bank to recommend board level officers or
senior executives, who may be interested in managing the DoP’s payments bank as
CEO of India Post Payments Bank (IPPB), on deputation basis.
The
IPPB, will be operational from March 2017 with 2,000 employees and 50 branches,
which it will gradually increase to 650 by September 2017. It also plans
to have five independent members and four in-house representatives in IPPB.
Independent directors together will hold 51 per cent share in IPPB while 49 per
cent will be held by the Government.
DoP
will follow routine selection processes and recruit the CEO and COO through the
Department of Financial Services. “We will have 650 branches co-located with
post offices in most cities. We will also link all 1.55 lakh post offices
as banking correspondents of IPPB,”said SK Sinha, Secretary, DoP.
My Stamp
Soon
an individual or a corporate entity can get their photo or logo printed inside
a postage stamp for Rs 12 lakh, the Department of Posts said, a move that is
likely to help garner Rs 600 crore for the department.
The
move is a step ahead in promoting philately in India. Earlier, India Post only
allowed printing of photo or design next to postage stamp on a Rs 300 My Stamp
sheet. Such stamps were allowed for use in general postal mail.
“We
have opened up customised printing of ‘My Stamp’ for individuals and
corporates. Anyone can get his logo or photo printed inside the stamp for net
cost of Rs 12 lakh. There will be 5,000 sheets comprising 60,000 postage
stamps,” Sinha said.
My
Stamp has so far been issued for Amazon India, Hindustan Aeronautics Limited
and proposals are pending from various entities.
India
Post is eyeing a jump of about Rs 100 crore in turnover at Rs 141 crore from
the philately segment this fiscal and Rs 60 crore from ‘My Stamp’
initiative.
Source
: http://www.newindianexpress.com
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