SME Times is powered by   
Search News
Just in:   • Markets close with marginal gains despite weak global cues  • Pay Rs 275 cr by Dec 31, SC tells Jaypee  • Workshop on new National Policy on Biofuels held  • 'Honor 8 Lite' 64GB variant now available at Rs 15,999  • Centre considers hallmarking 24 carat gold jewellery 
Last updated: 19 May, 2017  

RBI.Thmb.jpg 25 pc of new bank branches to be opened in rural areas: RBI

rbi-new.jpg
   Top Stories
» Modi expresses concern over large number of grievances of consumers
» Cabinet approves constituting 15th Finance Commission
» Panel set up to draft new Income Tax Act
» Ordinance for changes to Bankruptcy Code soon
» Garment exporters losing competitiveness by 9 pc: AEPC
SME Times News Bureau | 19 May, 2017
The Reserve Bank of India (RBI) on Thursday mandated that 25 percent of the total number of 'banking outlets' opened during a financial year should be located in unbanked rural centres.

The RBI mandated this in its notification -- "Rationalisation of Branch Authorisation Policy- Revision of Guidelines" -- issued on Thursday.

"Domestic scheduled commercial banks (other than RRBs) are permitted to open, unless otherwise specifically restricted, banking outlets in tier 1 to tier 6 centres without having the need to take permission from RBI in each case," the central bank said in the notification.

"At least 25 percent of the total number of 'Banking Outlets' opened during a financial year should be opened in unbanked rural centres."
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 24 Nov, 2017
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(12)
» Moody's upgrade: Thumbs up to reforms(5)
» Entrepreneurship is a lonely path for women(2)
» 'Exporters can now manually file claims for GST refunds'(1)
» SC asks Unitech to deposit Rs 750 cr by December end(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter