The Reserve Bank of India (RBI) on Thursday mandated that 25 per cent of the total number of 'banking outlets' opened during a financial year should be located in unbanked rural centres.
The RBI mandated this in its notification - - "Rationalisation of Branch Authorisation Policy - Revision of Guidelines" - - issued on Thursday.
"Domestic scheduled commercial banks (other than RRBs) are permitted to open, unless otherwise specifically restricted, banking outlets in tier 1 to tier 6 centres without having the need to take permission from RBI in each case, " the central bank said in the notification.
"At least 25 per cent of the total number of 'Banking Outlets' opened during a financial year should be opened in unbanked rural centres. "
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