Master Circular on Branch Licensing – Regional Rural Banks (RRBs)
The Reserve Bank of India (RBI) has issued a master circular on branch licensing for Regional Rural Banks (RRBs), outlining the legal requirements, conditions, and procedures for opening and shifting branches.
Legal Requirements: The circular highlights the general policy on branch licensing, conditions for opening new branches, and relaxations in the branch licensing policy.
Opening of Branches: RRBs can open branches at rural, semi-urban, urban, and metropolitan centers, with specific requirements for service branches and regional offices. The validity of authorizations and licenses is also outlined.
Shifting of Branches: The circular provides guidelines for shifting branches at rural, semi-urban, urban, and metropolitan centers, with procedural rationalization measures.
Conversion of Branches: RRBs can convert full-fledged branches into satellite or mobile offices, with certain restrictions and requirements.
The circular aims to provide a comprehensive framework for RRBs to expand their branch network and improve their services.
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Download: Master Circular on Branch Licensing – Regional Rural Banks