RBI/2007-2008/156
RPCD.CO.RRB.No.BC.28/03.05.90-A/2007-08
October 9, 2007
All Regional Rural Banks
Dear Sir,
Opening of Controlling Offices by amalgamated RRBs
Please refer to paragraph 2.4 of our Master Circular RPCD.CO.RRB. No. BL. BC.09 / 03.05.90-A / 2007-08 dated July 2, 2007. On a review, it has been decided that in partial modification of the instructions contained therein, the Empowered Committee may, taking into account the local conditions and the financials of a bank, permit a Regional Rural Bank, to open a Controlling Office, even if it does not have 75 branches.
Yours faithfully,
(C.S.Murthy)
Chief General Manager-in-Charge |
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