Branch Authorisation Policy- Opening of Administrative Controlling Offices in Tier 1 Centres

With a view to further increasing operational flexibility of banks, it has been decided to permit domestic scheduled commercial banks (other than RRBs) to open offices exclusively performing administrative and controlling functions (Regional Offices/Zonal Offices ) in Tier 1 Centres without the need to obtain prior permission in each case, subject to reporting.

To view the full text of the circular, please follow the link

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