Postbank is set to complete its banking licence application in 2021, paving the way for the government to realise its vision of a state-owned bank.

The bank, which is not yet formally registered, is pushing for a full banking licence to be granted by the Reserve Bank which would allow it to offer a wider range of banking services...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now