https://www.taxtmi.com/news?id=26712 Revised guidance defines Banking Outlet to include brick and mortar branches and Business Correspondent outlets, allowing banks to extend services in remote rural areas. Domestic scheduled commercial banks (except regional rural banks) have been accorded general permission to open outlets nationwide without prior RBI approval for each case, provided a portion of new outlets annually are placed in unbanked rural centres. Expansion into uncovered areas is coordinated by State/UT Level Bankers' Committees and banks assess proposals against RBI instructions, business plans and commercial viability. en-us Tue, 01 Aug 2023 14:58:28 +0530 Tue, 01 Aug 2023 14:58:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26712 Revised guidance defines Banking Outlet to include brick and mortar branches and Business Correspondent outlets, allowing banks to extend services in remote rural areas. Domestic scheduled commercial banks (except regional rural banks) have been accorded general permission to open outlets nationwide without prior RBI approval for each case, provided a portion of new outlets annually are placed in unbanked rural centres. Expansion into uncovered areas is coordinated by State/UT Level Bankers' Committees and banks assess proposals against RBI instructions, business plans and commercial viability. News - Tue, 01 Aug 2023 14:58:28 +0530 https://www.taxtmi.com/news?id=26712