Bank Branches in Rural Areas

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..... Bank Branches in Rural Areas
News and Press Release
Dated:- 6-12-2014

In order to extend the banking network in unbanked areas, general permission has been granted by Reserve Bank of Ind .....

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..... ia )RBI) to domestic Scheduled Commercial Banks (other than Regional Rural Banks) to open branches/mobile branches/Administrative Offices/CPCs (Service branches), (i) in Tier 2 to Tier 6 centres (with .....

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..... population upto 99,999) and (ii) in rural, semi-urban and urban centres of the North-Eastern States and Sikkim subject to reporting. RBI has advised banks that while preparing their Annual Branch Exp .....

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..... ansion Plan (ABEP), the banks should allocate at least 25 per cent of the total number of branches proposed to be opened during a year in unbanked rural (Tier 5 and Tier 6) centres. Requests for open .....

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..... ing of branches of nationalized banks in rural areas are received from time to time and the same are forwarded to banks or State Level Bankers' Committee (SLBC) for appropriate action keeping in view .....

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..... the feasibility of opening the branch in the stipulated area.
News - Press release - PIB .....

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