Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: cpt :: empanelment :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: VAT RATES :: due date for vat payment :: TDS :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« Latest Circulars »
  RBI-Auction for Sale (Re-issue) of Government of India Floating Rate Bonds 2024
  RBI releases Handbook of Statistics on Indian States 2016-17
  RBI amends Banking Ombudsman Scheme: Includes Complaints relating to Misselling and Mobile/ Electronic Banking
 RBI releases Handbook of Statistics on Indian States 2016-17
 RBI amends Banking Ombudsman Scheme: Includes Complaints relating to Misselling and Mobile/ Electronic Banking
 Recording of Details of Transactions in Passbook/ Statement of Account
 Exclusion of β€œThe Royal Bank of Scotland N.V.” from the Second Schedule to the Reserve Bank of India Act, 1934
 Monitoring of Foreign Investment under PIS in Indian Companies- Removal from Ban List - FIIs/RPIs : M/s IDFC Limited
 FIIs/FPIs can now invest 24 to 49 per cent under PIS in M/s Satin Creditcare Network Limited
  Bankers & SME Borrowers: The Emerging Mantras (Shri S. S. Mundra, Deputy Governor – June 16, 2017 – at the 3rd Bankers Borrowers Business Summit organized by ASSOCHAM in New Delhi1)
 RBI extends Directions issued to Navodaya Urban Co-operative Bank Ltd, Nagpur, Maharashtra

RBI-Opening of branches/extension counters by State Co-operative Banks
May, 09th 2015

RBI/2014-15/586
DCBR.CO.RCB.No.BC.34/19.51.008/2014-15

May 07, 2015

The CEOs of all State Co-operative Banks

Dear Sir/Madam,

Opening of branches/extension counters by State Co-operative Banks

Please refer to our circular RPCD.CO.RF.BC.No.14/07.06.00/2009-10 dated August 4, 2009 on “Opening of new place of business by State Cooperative Banks”. The policy for opening of branches/extension counters/specialized branches within the area of operation of the State Co-operative Banks (StCBs) has since been reviewed. It has been decided to revise the criteria and the procedure for submission of applications by StCBs for opening of branches/extension counters. The revised criteria are as follows:

  1. CRAR not being less than 9 per cent

  2. No default in maintenance of CRR/SLR during the preceding financial year

  3. Net NPA being less than 5 per cent

  4. The bank should have a track record of regulatory compliance and no monetary penalty should have been imposed on the bank for violation of RBI directives/guidelines during last two financial years.

The above parameters should be as assessed by NABARD in their latest inspection report.

2. In order to expedite regulatory approvals under Section 23 of the Banking Regulation Act, 1949 (AACS), it has been decided that StCBs satisfying the above criteria may submit their applications in the prescribed format to the concerned Regional Office of Reserve Bank through NABARD for prior approval for opening of branches/ specialized branches/extension counters/shifting of branches/upgradation of extension counters into full-fledged branches.

3. The other instructions issued earlier by the Reserve Bank in this regard will remain unchanged.

Yours faithfully,

(Suma Varma)
Principal Chief General Manager

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Sitemap

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions