Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Banks in Rural Areas.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Banks in Rural Areas. - News and Press Release Dated:- 11-5-2012 - News - Press Information Bureau Government of India Ministry of Finance 11-May-2012 18:03 IST Banks in Rural Areas There are 93,659 branches of Scheduled Commercial Banks (SCBs) functioning in the country as on 31st March, 2012, out of which 34,671 branches are in rural areas and 24,133 are in semi-urban areas .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... , which together constitute about 63% of the total bank branches. During 2010-11, the SCBs opened 3,294 branches in rural/ semi-urban areas against 1,795 branches opened in urban/ Metropolitan areas of the country. As per the extant Branch Authorization Policy of Reserve Bank of India (RBI), general permission has been granted to domestic SCBs (other than Regional Rural Banks) to open branches .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... in centres with a population upto 99,999 and in all centres of the North-Eastern States and Sikkim, subject to reporting. In order to further expand the banking network, RBI has advised that while preparing their Annual Branch Expansion Plan, the Banks should allocate at least 25 percent of the branches proposed to be opened during a year in unbanked rural centres with population upto 9999. Fur .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ther, under the Swabhimaan financial inclusion campaign, banking facilities have been provided to over 74,000 villages having population over 2000. This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in the Lok Sabha today. ***** DSM/SS/SL - News - Press release - PIB Tax Management India - taxmanagementindia - taxman .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... agement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates