NEWS & ADVICE : PERSONAL LOAN
RBI approval not needed to open branches in TierII cities
By Vaibhav Aggarwal
Nov 30, 2011
Print    Email    RSS   

Banks have now got the relaxation to set up branches in Tier II cities of India without needing any prior approval from regulator, Reserve Bank of India.

Tier II cities refer to those which have a population between 50,000 to less than 1 lakh.

"Now that general permission to banks has been extended for opening of branches in Tier 2 centres, domestic scheduled commercial banks (other than RRBs) will be allowed to open administrative offices and central processing centres (CPCs) or service branches in Tier 2 centre (with population 50,000 to 99,999 as per Census 2001)," the RBI said in a notification.

Such a relaxation was so far given to banks only in case of Tier III to VI cities.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Which is better: personal loan or gold loan?
Carnival of Indian Personal Finance Blogs # 9
Benefits and drawbacks of personal loans...
Winning in Emerging Markets by Tarun...
Carnival of Indian Personal Finance Blogs # 7


CHECK MY STATUS ANILDEVIDAS SHEJWAL
personal loan status of agreement number...
SIR/MADAM MY SELF PRIYA SHARMA PAN CARD FFTPS3791P...
SANGRUR: CaℒL Giℛℒ In Bathinda 09855660911...

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive