Postal Dept. Surpasses SBI in Digital Connectivity

  • Communication and IT minister Ravi Shankar Prasad said the postal department has surpassed the country’s largest lender State Bank of India in terms of digital connectivity. India has the largest postal network in the world with over 154,882 post offices.
  • The department is all set to launch a payments bank by March 2017. Prasad said with the demand of electronic hardware expected to rise rapidly, India has the potential to become an electronic manufacturing hub.