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New Bank Branch Policy
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....ew Bank Branch Policy <br>News and Press Release<br>Dated:- 14-12-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 14-December-2012 16:29 IST General permission has bee....
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....n 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, semi urban a....
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....nd 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, subject to repo....
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....rting. 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. The Banks are ....
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....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 concerned, int....
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....er-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 Narain Meena in wr....
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....itten reply to a question in Lok Sabha today. * * * DSM/RS/bs<BR> News - Press release - PIB....