Indian postal service eyes banking to survive

As revenues from traditional services drop, India Post now wants banking licence to operate from its 150,000 branches.

    India Post is one of the world's largest postal networks and for centuries has served as a communication lifeline for hundreds of millions of people.

    But moving mail does not make money the way it used to, and after years of losses the company now wants a banking license.

    With 150,000 post offices across the country, it says it can reach more people than any traditional bank.

    Nidhi Dutt reports from New Delhi.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Many Pentecostal churches in the Niger Delta offer to deliver people from witchcraft and possession - albeit for a fee.

    Why did Bush go to war in Iraq?

    Why did Bush go to war in Iraq?

    No, it wasn't because of WMDs, democracy or Iraqi oil. The real reason is much more sinister than that.