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Indian Postal Banking has lots of scope due to connectivity, says Communications Minister

New Delhi, Oct 29 (ANI): Even with widespread retail banking in place, India's postal banking service has a large scope due to its connectivity, stressed Communications and IT Minister, Ravi Shankar Prasad on Wednesday. Prasad was inaugurating the Postal Savings Banks Forum in New Delhi, which was organized by World Savings and Retail Banking Institute (WSBI) jointly with the National Savings Organisation (Ministry of Finance) and the Department of Posts. The theme of the forum was "The Rising Force of Postal Banking in the Retail Banking Market". Prasad said that postal banking transcended the rich and poor barrier, the biggest asset being the network of post offices throughout the country. Prasad further added that the Prime Minister had constituted a task force to deliberate on ideas and innovations for the Indian Postal Services. Oct 29, 2014
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Japan's SoftBank CEO meets PM Narendra Modi in New Delhi

New Delhi, Oct 28 (ANI): Chairman and Chief Executive Officer (CEO) of Japan-based telecom giant SoftBank Corporation, Masayoshi Son held a meeting with Prime Minister Narendra Modi in New Delhi. Son, who was accompanied by a delegation of his company directors, covered many issues during his interaction with Modi. Softbank, one of the major telecom and internet corporations of Japan, will seek opportunities in the sectors of e-commerce and telecom in India. Reportedly, it will invest $10 billion in India's information technology and communications sector. Son also met I&B Minister Ravi Shankar Prasad. Oct 28, 2014
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