Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: VAT RATES :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: TDS :: form 3cd :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: ACCOUNTING STANDARDS :: VAT Audit
 
 
« Latest Circulars »
 Amendments to Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016
 NCFE’s National Financial Literacy Assessment Test (NCFE-NFLAT) 2017-18
 Formation of new districts in the State of West Bengal - Assignment of Lead Bank Responsibility
 Investment by Foreign Portfolio Investors in Corporate Debt Securities – Review
 RBI-Issuance of Rupee Denominated Bonds (RDBs) Overseas
 Inclusion of “Suryoday Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934
  Trade Repository for OTC Foreign Exchange and Interest Rate Derivatives
 RBI to regulate peer-to-peer lending firms
  Export Data Processing and Monitoring System (EDPMS) Issuance of Electronic Bank Realisation Certificate (eBRC)
 Export Data Processing and Monitoring System (EDPMS) Issuance of Electronic Bank Realisation Certificate (eBRC)
 Auction for Sale (Re-issue) of Government Stock (GS)

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