CBS "Go Live" schedule for the month of September-2015

After a long break, CBS roll out is again starting from the month of September 2015.

 

 In AP Circle,100 offices have been identified for CBS roll out during the month of September-2015.

 

 The list of  identified offices for CBS "Go Live" in September month is furnished here under.

Slno	Region	Division	Name Of The Office	Pincode	Date Of Golive
1	Hyderabad	Adilabad	Luxettipet S.O	504215	18.09.2015
2		Hanamkonda	Kazipet S.O	506003	18.09.2015
3		Nizamabad	Subhashnagar S.O	503002	18.09.2015
4		Wanaparthy	Shadnagar S.O	509216	18.09.2015
5		Nizamabad	Nizamabad RS S.O	503003	21.09.2015
6		Peddapalli	F.Ciry	505209	21.09.2015
7		Peddapalli	Jammikunta S.O	505122	21.09.2015
8		Warangal	Dharmaram S.O	506330	21.09.2015
9		Warangal	Kuravi S.O	506105	21.09.2015
10		Peddapalli	Manthani S.O	505184	23.09.2015
11		Peddapalli	R.Gumdam	505208	23.09.2015
12		Warangal	Mandi Bazar S.O	506002	23.09.2015
13		Warangal	Narsampet S.O	506132	23.09.2015
14		Adilabad	Bellampalli S.O	504251	25.09.2015
15		Adilabad	Khanapur S.O	504203	25.09.2015
16		Adilabad	Nirmal S.O	504106	25.09.2015
17		Hanamkonda	Vidyaranyapuri S.O	506009	25.09.2015
18		Karimnagar	Vemulawada S.O	505302	25.09.2015
19		Nalgonda	Ramagiri S.O	508001	25.09.2015
20		Nizamabad	Bodhan S.O	503185	25.09.2015
21		Peddapalli	Vittalanagar S.O	505214	25.09.2015
22		Warangal	Nekkonda S.O	506122	25.09.2015
23		Sangareddy	Narayankhed S.O	502286	28.09.2015
24		Sangareddy	Patancheru S.O	502319	28.09.2015
25		Adilabad	Kalyanikhani S.O	504231	30.09.2015
26		Adilabad	Ootnur S.O	504311	30.09.2015
27		Adilabad	S.K Nagar SO	504296	30.09.2015
28		Hanamkonda	R E College S.O	506004	30.09.2015
29		Karimnagar	Sirsilla S.O	505301	30.09.2015
30		Medak	Dubbak S.O	502108	30.09.2015
31		Nalgonda	Yadgarpalli S.O	508115	30.09.2015
32		Suryapet	Huzurnagar S.O	508204	30.09.2015
33	Hyderabad City	Hyderabad South East	VANASTHALIPURAM	500070	18.09.2015
34		Hyderabad South East	BEGUM BAZAR	500012	18.09.2015
35		Secunderabad	M G Road	500003	18.09.2015
36		Secunderabad	Rail Nilayam S.O.	500071	18.09.2015
37		Hyderabad South East	NEW NALLAKUNTA	500044	21.09.2015
38		Hyderabad South East	VAISHALINAGAR	500079	21.09.2015
39		Secunderabad	AOC Records	500015	23.09.2015
40		Secunderabad	Gandhinagar S.O-AP	500080	23.09.2015
41		Secunderabad	IICT	500007	25.09.2015
42		Secunderabad	Malkajgiri S.O.	500047	25.09.2015
43		Secunderabad	Kingsway	500003	28.09.2015
44		Secunderabad	Kukatpally S.O.	500072	28.09.2015
45		Hyderabad City	Central Secretairat	500022	28.09.2015
46		Hyderabad City	Golconda	500008	28.09.2015
47		Secunderabad	Lallaguda S.O.	500017	30.09.2015
48		Secunderabad	Nehrunagar S.O.	500026	30.09.2015
49		Hyderabad City	Jubilee Hills	500033	30.09.2015
50	Kurnool	Anantapur	Kamalanagar	515001	18.09.2015
51		Chittoor	Lalugardens	517002	18.09.2015
52		Tirupati	Puttur South	517583	18.09.2015
53		Anantapur	S.V.Puram	515003	21.09.2015
54		Anantapur	Tadpatri	515411	21.09.2015
55		Chittoor	Murukambattu	517127	21.09.2015
56		Chittoor	Punganur LSG SO	517247	21.09.2015
57		Tirupati	Tiruchanur	517503	21.09.2015
58		Chittoor	Bangarupalem	517416	23.09.2015
59		Chittoor	Chittoor Bazar	517001	23.09.2015
60		Chittoor	Yadamari	517422	23.09.2015
61		Hindupur	Penukonda	515110	23.09.2015
62		Chittoor	Chittoor Court Bldgs.	517001	25.09.2015
63		Kurnool	Nandikotkur	518401	25.09.2015
64		Chittoor	Chittoor Market	517001	28.09.2015
65		Chittoor	Chittoor-Collectorate	517002	28.09.2015
66		Nandyal	Banaganapalle S O	518124	28.09.2015
67		Nandyal	Koliakuntla S O	518134	28.09.2015
68		Chittoor	Kuppam	517425	30.09.2015
69		Nandyal	Nandyal RS S O	518502	30.09.2015
70	Vijayawada	Nellore	Aknagar	524004	18.09.2015
71		Bhimavaram	Narsapur	534275	21.09.2015
72		Nellore	Bitragunta	524142	21.09.2015
73		Prakasam	Mgcmarket	523156	21.09.2015
74		Bhimavaram	Sivaraopet	534202	23.09.2015
75		Gudur	S.H.K.Range	524124	23.09.2015
76		Prakasam	Santhamaguluru	523302	23.09.2015
77		TP Gudem	Prathipadu	534146	23.09.2015
78		Guntur	Chandramoulinagar	522007	25.09.2015
79		Tenali	Rail Pet Repalle	522265	25.09.2015
80		Khammam	Collectorate	507003	28.09.2015
81		Machilipatnam	Chillakalapudi	521002	28.09.2015
82		Vijayawada	Chandramoulipuram	520010	28.09.2015
83		Vijayawada	Gandhinagaram	520003	28.09.2015
84		Narasaraopet	Macherla	522426	30.09.2015
85	Visakhapatnam	Amalapuram	Kothapeta SO	533223	18.09.2015
86		Rajahmundry	Fortgate SO	533101	18.09.2015
87		Amalapuram	Ravulapalem SO	533238	21.09.2015
88		Anakapalle	Etikoppaka SO	531082	21.09.2015
89		Anakapalle	Kasimkota SO	531031	23.09.2015
90		Kakinada	Engineering College SO	533003	23.09.2015
91		Kakinada	Kakinada Bazar SO	533001	25.09.2015
92		Parvathipuram	Cheepurupalle SO	535128	28.09.2015
93		Parvathipuram	Palakonda SO	532440	28.09.2015
94		Rajahmundry	Sreeramnagar SO	533105	28.09.2015
95		Srikakulam	Palasa SO	532221	28.09.2015
96		Visakhapatnam	Dabagardens SO	530020	28.09.2015
97		Visakhapatnam	Isakathota SO	530022	28.09.2015
98		Vizianagaram	Vizianagaram City SO	535001	28.09.2015
99		Amalapuram	Bodasakurru SO	533215	30.09.2015
100		Rajahmundry	Aryapuram SO	533104	30.09.2015

RBI grants in-principle nod for 11 payments banks ---POST BANK

The Reserve Bank on Wednesday granted ‘in-principle’ approval to 11 entities, including Reliance Industries, Aditya Birla Nuvo, Vodafone and Airtel, to set up payments banks and proposed such licences ‘on tap’ in future. 

The other entities which have been given ‘in-principle’ approval are Department of Posts, Cholamandalam Distribution Services, Tech Mahindra, National Securities Depository Limited (NSDL), Fino PayTech, Sun Pharma’s Dilip Shantilal Shanghvi and PayTM’s Vijay Shekhar Sharma. 

“The ‘in-principle’ approval granted will be valid for a period of 18 months, during which time the applicants have to comply with the requirements under the guidelines and fulfil the other conditions as may be stipulated by the Reserve Bank,” RBI said in a statement. 

Going forward, RBI said the central bank would use the learning from this licensing round to appropriately revise the guidelines and move to give licences more regularly, virtually “on tap”. Payment banks allow mobile firms, supermarket chains, and others to cater to individuals and small businesses.

The Payments Bank will be set up as a differentiated bank and shall confine its activities to acceptance of demand deposits, remittance services, Internet banking and other specified services. 

Payments Banks will initially be restricted to holding a maximum balance of Rs. 1 lakh per individual customer. 

They will be allowed to issue ATM/debit cards as also other prepaid payment instruments, but not the credit cards. 

These banks can also distribute non-risk sharing simple financial products like mutual funds and insurance products. 

They will not be allowed to undertake lending services and non resident Indians will not be allowed to open accounts. 

RBI further said that on being satisfied that the 11 applicants have complied with the requisite conditions as part of ‘in-principle’ approval, it would consider granting to them a licence for commencement of banking business. 

Until a regular licence is issued, the applicants can not undertake any banking business, the central bank added. 

Draft guidelines for licencing of payments banks were released for public comments and the final guidelines were issued on November 27, 2014. 

A total of 41 applicants had applied for payments banks. 

Differentiated banking entails going beyond the current universal banking framework to serve specific purposes. 

The move to allow such differentiated banks came after RBI had found just two entities — infra player IDFC and micro-lender Bandhan from among over two dozen applicants — eligible for setting up commercial banks. 

The central bank issued this limited set of licences on April 1, 2014, after a decade. Both applicants are yet to begin operations even after a year as they have time till October. 

Commercial banks comprise 27 public sector banks, 20 private, 44 foreign, 4 local area banks and 56 regional rural banks. 

On the selection process, RBI said a detailed scrutiny was undertaken by an External Advisory Committee (EAC) under the chairmanship of Nachiket Mor, Director, Central Board of the Reserve Bank of India. 

The recommendations of the EAC were an input to an Internal Screening Committee (ISC), consisting of the Governor and four Deputy Governors. 

Source: THE HINDU

Recognization to Newly elected office bearers by CPMG

A.P.DAK SEVA WINNERS

AISBCEU-A.P.CIRCLE CONGRATULATES ALL THE WINNERS

India Post has shortlisted management consultants to advise it on floating a new bank. Instead of migrating existing savings account customers to a bank, the Department of Posts is looking at floating a completely new entity which will start from scratch but leverage India Post's infrastructure by entering into service-level agreements. 

The department, which has received expressions of interest from all the top global consultancy firms, including the big four, is pursuing a plan where there will be two Post banks. The first will be the traditional financial services of the department. This includes the postal savings accounts and eight other post office savings schemes. Although not a Reserve Bank of India-recognized bank, this division, which is a bank for most practical purposes, will continue to operate in its existing form. 

The second bank would be an entirely new creation with a paid-up capital in line with the Reserve Bank of India's requirement. The new entity will operate with a payments bank licence but will be manned with banking professionals recruited from the industry. The new entity will have 500-700 branches which will be housed in post office premises across the country. Despite its lean structure, the payments bank will reach out to all customers across the country by using India Post infrastructure through service-level agreements with the department. 

"When it comes to financial inclusion, the post office has the capacity to be one of the most disruptive elements," said Ashvin Parekh of Ashvin Parekh Advisory Services, who has been an adviser to the department. 

The department is expected to create a disruption because of its sheer reach. The infrastructure will include the 25,000 offices which are linked through leased lines, 1.3 lakh other post offices and the postmen and other employees of ?the department who will function as business correspondents. 

By creating a new public sector bank, the government will overcome legal issues in converting postal savings customers into bank customers. 

"For banks, the cost of inclusion is very high. As an industry, they are spending close to Rs 12,000 crore to telecom companies as part of the last-mile reach and another Rs 6,000 crore is spent on business correspondents. As against this, banks earn around Rs 4,000 crore. By using its existing infrastructure and their feet on the street, India Post can be a disruptive method of reducing costs," said Parekh. 

The department of posts mobilizes over Rs 6 lakh crore of long-term savings under the various postal savings schemes. It also has close to Rs 40,000 crore in its postal savings accounts. To modernize the operation of the traditional Postbank, the department is implementing Finacle - a core banking solution from Infosys - which will be completed by end March 2016. The department is also deploying its own ATM network and issuing its own ATM cards to the postal savings account holders. 

The only business which is likely to shift from the traditional Postbank to the new payments bank would be that of remittance. It is expected that the payments bank would be able to handle cash remittances much better than the post office and transfer cash within hours. This will enable the department to grow the business several fold.

Source:-The Economic Times

Membership Proforma

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Promotion of Sri B.V.Sudhakar CPMG AP circle to the grade of Member

Sri B.V.Sudhakar,CPMG, AP circle Hyderabad is promoted to the grade of Member, Postal services Board and posted as Member(PLI ) and Chairman PLI Investment Board vide Postal Directorate order no 1-1/2015-SPG dated 29.07.2015

Click here to view the Directorate Order