RBI to soon release guidelines on new bank branches
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The Reserve Bank will soon release guidelines for implementing its proposal to locate at least a quarter of the new bank branches in the unbanked areas, which generally fall in the rural areas.
"RBI will issue guidelines for 25 per cent rural branches soon," said a banker present at the central bank's post-policy meeting today.
In its annual monetary policy announcement on May 3, RBI had asked banks to open 25 per cent of their new branches in Tier-V and VI centres.
The central bank held the customary post-policy meet here with bankers wherein it apprised them of the changes announced in the annual policy for 2011-12.
Deputy Governors Shyamala Gopinath and Anand Sinha along with nine bankers, including Indian Overseas Bank Chairman and Managing M Narendra, were present at the meeting. (PTI)
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CA SUBHASH KR.
26-May-2011 , 11:43:10 amgood step by RBI