Manupatra

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<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> </head>  <body> <div style="font-family:Verdana, Geneva, sans-serif; font-size:12px; text-align:justify"> <table width="800" border="0" style="border:1px solid #ccc;padding:5px;" align="center" cellpadding="6" cellspacing="0">  <tr>   <td align="left" valign="top">   <br />   Reserve Bank of India <br /><br /> Section 23 of the Banking Regulation Act, 1949 - Relaxations in Branch Authorisation Policy.<br /><br /> MANU/RMIC/0339/2015 - (06 Aug 2015)<br /><br />  </td>  </tr>    <tr>   <td align="left" valign="top"></td>  </tr>    <tr>   <td align="left" valign="top" style="background-color:#FDEDCE"><strong>In order to allow banks greater operational freedom, the Reserve Bank of India reviewed instructions regarding merger, closure, shifting, part shifting, opening of extension counters and reporting requirements. The existing instructions have been dispensed with; banks can undertake the activities in accordance with the instructions in the notification.</strong></td>  </tr>  <tr>   <td align="left" valign="top" ><strong>Relevant : Liberalising and rationalising branch authorisation policy <manuid>MANU/DBOD/0138/2013</manuid>
Guidelines on opening of branches (2013) <manuid>MANU/DBOD/0146/2013</manuid></strong></td>  </tr>   <tr>   <td align="left" valign="top" ><strong>Tags : bank, branch, opening, policy</strong></td>  </tr> <tr>   <td align="left" valign="top">&nbsp;</td>  </tr>  <tr>      <td align="left" valign="top"><strong>Source : newsroom.manupatra.com</strong></td>  </tr> <tr>   <td align="left" valign="top">&nbsp;</td>  </tr>  <tr>   <td align="left" valign="top">Regards</td>  </tr>  <tr>   <td align="left" valign="top">Team Manupatra</td>  </tr>  <tr>   <td align="left" valign="top">&nbsp;</td>  </tr>   </table> </div> </body> </html>