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

Opening of new branches by PSUs

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Opening of new branches by PSUs - News and Press Release Dated:- 11-4-2017 - News - Press Information Bureau Government of India Ministry of Finance 11-April-2017 18:02 IST To promote financial inclusion and to extend the banking network in unbanked areas, general permission has been granted by Reserve Bank of India (RBI) to domestic Scheduled Commercial Banks including Public Sector Banks (excluding Regional Rural Banks) to open branches at any place in the country, without seeking prior approval of RBI in each case, subject to at least 25 percent of the total number of branches opened during a financial year being opened in unbanked rural (Tier 5 and Tier 6) centres .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... (population up to 9,999). RBI has also specified that the total number of branches opened in Tier 1 centres (population 1,00,000 and above) during the financial year cannot exceed the total number of branches opened in Tier 2 to Tier 6 centres (population up to 99,999) and all centres in the North Eastern States and Sikkim. Number of branches opened by Public Sector Banks in rural, semi-urban, urban and metropolitan centres for financial year 2013-14, 2014-15, 2015-16 and 2016-17 (up to 31.12.2016) are as under: Population Group 2016-17 (till 31.12. 2016) 2015-16 2014-15 2013-14 Rural 435 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 1,067 1,992 3,076 Semi-Urban 366 946 1,683 2,418 Urban 323 617 1,064 1,247 Metropolitan 325 666 924 1,101 All India 1,449 3,296 5,663 7,842 State Bank of India (SBI) has informed that 20 representations were received for opening the branches under Saansad Adarsh Gram Yojana, and survey has been conducted for all 20 branches. State-wise details are at A .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nnex. SBI has not indicated any time by which new branches are likely to be opened. Opening of new branches of SBI in villages under Saansad Adarsh Gram Yojana . Sl.No. Centre District State Details 1. Golarhat Kendrapada Odisha Branch opened on 25.05.2016 2. Tapri Kalan Tikri Khurd Saharanpur Uttar Pradesh Branch opening at that centre not found viable 3. Biharigarh Saharanpur Uttar Pradesh Bran .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ch opening found viable in survey report. 4. Okhaldunga Nainital Uttarakhand Branch opening found viable in survey report. 5. Chamandkhan Almorah Uttarakhand Branch opening at that centre not found viable 6. Bhareri Hamirpur Himachal Pradesh Branch opening at that centre not found viable 7. Behal Nawanny (Bifalghat) Bilaspur Himachal Pradesh Branch opening at that centre not found viable .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 8. Jaihar Sirmour Himachal Pradesh Branch opening at that centre not found viable 9. Thumpala Visakhapatnam Andhra Pradesh Branch opening found viable in survey report. 10. Bagga, Chauwan Udham Singh Nagar Uttarakhand Branch opening at that centre not found viable 11. Ukhimath Rudraprayag Uttarakhand Branch opening at that centre not found viable 12. Phalodi Jodhpur R .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ajasthan Branch opening at that centre not found viable 13. Sanganer Jaipur Rajasthan Branch opening at that centre not found viable 14. Pilibanga Hanumangarh Rajasthan Branch opening at that centre not found viable 15. Pipramaff Mahoba Uttar Pradesh Branch opening at that centre not found viable 16. Bharat Bhari Siddharthnagar Uttar Pradesh Branch opening at that centre not found viable .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 17. Rahpura Jagir village Bareilly Uttar Pradesh Branch opening at that centre not found viable. However, Business Correspondent provided for customer service. 18. Chiephobozou Kohima Nagaland Branch opening at that centre not found viable. Re-survey to assess the feasibility of opening the branch being conducted. 19. Maram Senapati Manipur Branch opening at that centre not found viable 20. Kishunpur Palamou Jharkhand Branch o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... pening found viable in survey report. Source: State Bank of India This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Rajya Sabha today. ***** DSM/KA - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - 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