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Title: Indian Postal Services

Essay Details

Subject: History
Date: November 9, 2016
Level: University
Grade: A
Length: 5 / 1264
No of views: 0
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Essay text:

But now the department will launch a platform that will enable retailing of a range of around 200 standardised branded products, like pressure cooker, mixer-grinder and even furniture. .Companies like State Bank of India Mutual Fund (SBIMF), UTI and ICICI have tied up with the postal department to enable investors to make their investments through post offices...

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The department has also begun selling insurance products for Oriental Insurance and processing loans for GE Countrywide. Even Indian banks have found an unlikely ally in India Post. Faced with fulfilling Reserve Bank of India's priority lending guidelines- which state that at least 40 per cent of funds should be lent to the rural sector-banks will now use India Post's network to reach the rural consumer Couriers and Cargo services are available across the country, mostly in urban areas...

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