Branch Expansion of Scheduled Commercial Banks.

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..... Branch Expansion of Scheduled Commercial Banks. - News and Press Release Dated:- 7-9-2011 - News - Press Information Bureau Government of India Ministry of Finance 07-September-2011 19:05 IST Branch Expansion of Scheduled Commercial Banks As per Reserve Bank of India s (RBI) Branch Authorisation Policy, general permission has been granted to domestic Scheduled Commercial Bank .....

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..... s (other than RRBs) to open branches / mobile branches / Administrative Offices / CPCs (Service Branches), (i) in Tier 3 to Tier 6 centres (with population up to 49,999) and (ii) in rural, semi-urban and urban centres of the North-Eastern States and Sikkim subject to reporting. Opening of branches by these banks in Tier 1 and Tier 2 centres (centres with population of 50,000 and above) requires pr .....

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..... ior approval of RBI except in North Eastern States and Sikkim. Banks apply for authorisations for opening of branches in Tier 1 and Tier 2 centres in their Annual Branch Expansion Plan. As per RBI guidelines, Scheduled Commercial Banks have been given general permission to install off-site Automated Teller Machines (ATMs) / Mobile ATMs at the location of their choice without the prior permission .....

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..... of RBI, subject to reporting. RBI has advised banks that while preparing their Annual Branch Expansion Plan (ABEP), the Banks should allocate at least 25 percent of the total number of branches proposed to be opened during a year in unbanked rural (Tier 5 and Tier 6) centres. This information was given by the Minister of State for Finance Shri Namo Narain Meena in a written reply to a question .....

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..... raised in Rajya Sabha yesterday. DSM/SS/SL - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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