Notifications & Circulars
Reserve Bank of India
06.08.2015
Banking
Section 23 of the Banking Regulation Act, 1949 - Relaxations in Branch Authorisation Policy.
MANU/RMIC/0339/2015
In order to allow banks greater operational freedom, the Reserve Bank of India reviewed instructions regarding merger, closure, shifting, part shifting, opening of extension counters and reporting requirements. The existing instructions have been dispensed with; banks can undertake the activities in accordance with the instructions in the notification.
Relevant
Liberalising and rationalising branch authorisation policy MANU/DBOD/0138/2013
Guidelines on opening of branches (2013) MANU/DBOD/0146/2013
Tags : bank branch opening policy
Share :