:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

RBI MULLS RELAXING BANK BRANCH EXPANSION NORMS FOR OPENING BRANCHES IN TIER 2 CENTRES


RBI on Tuesday proposed relaxing branch expansion rules allowing banks to open branches in Tier 2 centres without taking prior permission from the Reserve Bank.

Branch expansion in Tier 2 centres-with population between 50,000 to 99,999 as per Census 2001-have not taken place at the "desired pace", the RBI said in its second quarter monetary policy review.

The RBI raised interest rates for the 13th time since early 2010 but gave a strong signal it may be finished with its current tightening cycle as growth slows and it expects high inflation to ease starting in December.

SOURCE: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/rbi-mulls-relaxing-bank-branch-expansion-norms-for-opening-branches-in-tier-2-centres/articleshow/10486684.cms

Posted by C.B.O.A., A.P.

Labels:

0 comments

Post a Comment

Subscribe to: Post Comments (Atom)