Master Circular on Branch Licensing – Regional Rural Banks – Amendment

RRBs are permitted to undertake State Government business as sub-agents of the Sponsor Bank with the prior approval from the concerned State Government and RBI. The Sponsor  Bank should submit the proposal to the concerned Regional Office of RBI in accordance with DGBA guidelines issued vide circular DGBA.GAD.No.H.15327/31.01.004/2006-07  dated April 19, 2007, for issue of necessary authorisation.”

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

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