Reserve Bank of India - Notification No. BAPD.BC. 60-22.01.001-2013-14 - Relaxations in Branch Authorisation Policy

In order to increase banking penetration and financial inclusion, there is a need to open branches in centers that are un-banked. This Notification provides guidelines for the authorization (opening) of branches of domestic scheduled commercial banks in India, including the target number or branches and preferred locations, well as the reporting requirements of branch openings. The document also provides illustrations of the reporting requirements with sample reports and a list of under-banked areas in India.

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Monday, October 21, 2013
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Reserve Bank of India
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