2014- 15 Finance Minister in his budget-speech announced the idea of Postal Bank.
2015-2016 Finance Minister allowed seed capital of 500 crores.
In
August 2016 IPPB was incorporated. In the last 3 years only twice the
department had called the federation and gave a demo on IPPB. My
Federation submitted a note raising doubts, but none of our doubts were
clarified by the department so far. Now with a few hours demonstration
on IPPB department has called for the views from the Federation. When
the department has taken 3 years to design IPPB how is it possible for
the Federation to give its views within few hours. An observation of the
demo raises following points that need clarification by my Federation.
Why only 650 officers were selected for IPPB.
Why not all the sub-offices and head offices have the wings of payment
Bank. What is the reason for restriction.
Payment bank and existing savings bank activities need to be clearly
clarified
IPPB PA will get more pay than present PA how this difference is
justified
When
India post is able to run full Bank like Japan post office and German
post office why India Post Payment Bank used Kanya Bank as our model.
When
Government is downsizing the no of nationalized banks for operational
convenience, how RBI gave permission to start new banks.
What is the guarantee that IPPB will not be merged with any other Public Sector Bank in future?
According
to the clarification directors are framing the policies of IPPB then
what is the role of Postal Service Board. The service conditions of the
Officials on deputation from post office needs clarification. At present
they are governed by CCS rules. For officials selected to IPPB it may
create some issues in case of repatriation to parent department, what is
the answer by the department.
Now
coming to business how will we compete with Paytm and Airtel Payment
Banks. IPPB is offering interest rate at 4.55% on deposits up to 25000,
5% for 25000 to 50000., And 5.5% for 50000 to 100000 whereas Airtel is
offering 7.5% what is the plan to match it.
IPPB
is aiming transaction through mobile banking. Reliance company captured
almost all customers by providing free SIM cards what is the strategy
to cover Rural banking.
In
the presentation, it is mentioned that postman will carry our business
to rural areas if so what is the incentive to the postman
