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New Bank Branch Policy

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..... New Bank Branch Policy - News and Press Release Dated:- 14-12-2012 - News - Press Information Bureau Government of India Ministry of Finance 14-December-2012 16:29 IST General permis .....

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..... sion has been granted by RBI to domestic Scheduled Commercial Banks (other than RRBs) to open branches in Tier 2 to Tier 6 centres (with population upto 99,999) which include rural centres; in rural, .....

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..... semi urban and urban centres of the North-Eastern States and Sikkim; and to open mobile branches in Tier 3 to Tier 6 Centres (with population upto 49,999) without permission from RBI in each case, sub .....

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..... ject to reporting. The New Private Sector Banks are also required to have 25% of their total number of branches in rural and semi-urban centres with population below one lakh on an on-going basis. T .....

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..... he Banks are also required to allocate at least 25% of the branches proposed to be opened during a year in unbanked rural Tier 5 and 6 centres. Decision to open bank branches are taken by the banks .....

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..... concerned, inter-alia, keeping in view business potential, viability, profitability and availability of infrastructure. This information was given by the Minister of State for Finance, Shri Namo Nar .....

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..... ain Meena in written reply to a question in Lok Sabha today. * * * DSM/RS/bs - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com .....

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..... - TMI - TaxTMI - TMITax .....

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