Five foreign consultants in race for ‘Post Bank of India’ project
The
Department of Posts has issued request for proposals (RFP) to five top notch
foreign consultancy firms for the proposed Post Bank of India project.
The five
short-listed firms are Accenture Services, Boston Consulting Group, Ernst &
Young, KPMG Advisory Services and McKinsey & Co.
The
Department of Posts (DoP) is looking to set up a bank — Post Bank of India
(PBI) — to provide banking services with special focus on rural areas.
Besides
providing a platform for financial inclusion, the Post Bank of India will
provide means of additional revenue generation for the DoP.
The
consultancy firms chosen, out of the five short-listed ones, will as part of
the assignment focus on Detailed Project Report (DPR) on creation of PBI,
financial viability of PBI, proposed organisational structure of PBI in the
light of RBI regulations, and relationship between PBI and Post Office Savings
Bank.
Source :
http://www.thehindubusinessline.com
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