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.