Indian Postal Bank awaits nod

March 24th, 2008 - 9:06 pm ICT by admin  


Shimla, March 24 (IANS) The telecom department is set to enter the banking sector by opening the Indian Postal Bank, which is awaiting the clearance of the finance ministry. “The matter is currently before the finance ministry and as soon as we get permission the Indian Postal Bank will be set up,” Shakeel Ahmad, minister of state for communications, said here Monday.

Speaking about the expansion of services in Himachal Pradesh, he said: “In spite of a difficult and snow-bound terrain, coverage of villages with telecom services is one of the highest in the country here.”

“The number of BSNL (Bharat Sanchar Nigam Ltd) mobile customers has shot up to 540,000 with 508 BTS mobile towers. There are also 4,14,92 landline connections in the state,” Ahmad.

“A year ago, broadband was available on demand from 29 stations, today it is available at 119 BSNL stations. By the end of March next year, the plan is to add 64,000 broadband connections at 400 locations,” he said.

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