** The postal department has decided to rope in professionals from the private sector for top positions at Post Bank of India (PBI), its proposed fully-owned payments bank.
** For PBI, the plan is to have a hub-and-spoke model. There will be 650 main branches where the department will have head or bigger post offices. Subsequently, 25,000 'spoke' branches will be set up, while some 130,000 post offices with act as business correspondents for the payments bank.
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