As many of you know, I've kept a close eye on India Post over the past year or so since they got the nod as a Payments Bank from the RBI. India Post has 155k branches throughout India.
Back in April 2016, I posted a link to what I thought was a very important piece of news at the time.
http://timesofindia.indiatimes.com/...tner-with-India-Post/articleshow/51677286.cms Any companies ring a bell?
A few days ago, this news piece below was published. This is an interesting development. Look who has just tied up with India Post. Where have I heard that name before? Check out management's LinkedIn pages.
http://economictimes.indiatimes.com...e-up-with-india-post/articleshow/56462165.cms
Once you've had a read of the articles above, click on TSN's announcement below dated 01/10/2013 and have a read of the second paragraph at the top of page 3.
http://www.asx.com.au/asxpdf/20131001/pdf/42jr5gmw39tjcn.pdf
This just opens up a whole new playing field now that 11 large applicants have been approved as Payment Banks and tie ups are beginning to take place with giants, which could potentially mean more opportunities for TSI, not only in the banking sector but other large sectors as well.
Tony
