RBI relaxes norms for opening Coop banks branches
Updated: May 24, 2013 06:08:40pm
“UCBs were required to prepare Annual Business Plan (ABP) for opening of branches or extension counters, upgradation of extension counters into full fledged branches, setting up of new off site automated teller machines, in their existing area of operation and submit the ABP in duplicate to the respective regional offices of RBI. The ABP proposals may be submitted now to RBI in single copy only,” said RBI in a notification.
All other instructions on selection of centres, approval of centres, licence and its period, procedural guidelines for permission to open branches, norms for opening extension counters and licencing policy remain unchanged. (KNN)