31 January 2018
Circular No.21/DoS – 03/2018
The Chairmen /The Managing Directors/
Chief Executive Officers of
All State Cooperative Banks other than NE
Opening of Branches / Extension Counters by State Cooperative Banks
Please refer to RBI circular DCBR.CO.RCB.No.BC.34/19.51.008/2-14-15 dated 07 May 2015 advising the criteria/procedure for submission of applications by StCBs for opening of branches/extension counters.
RBI has advised that there have been violations of branch opening norms in some of the States, Union Territories and branches have been opened without seeking permission from RBI, which is viewed seriously.
In this connection, it is reiterated that StCBs satisfying the criteria as laid down in RBI circular dated 07 May 2015 may submit their applications in the prescribed format, for prior approval for opening of branches/specialized branches/ extension counters/shifting of branches/up gradation of extension counters into full-fledged branches, to the Regional Office concerned, of RBI, through NABARD Regional Office.
Please acknowledge receipt.
(K Venkateswara Rao)
Chief General Manager