RBI EASES RULES FOR RRBs TO OPEN BRANCHES
The Reserve Bank of India (RBI) allowed Regional Rural Banks (RRBs) to open branches without its
permission in cities with population less than 50,000. However, such RRBs should meet certain regulatory provisions like capital adequacy ratio of at least 9 per cent. Besides, the RRB should have net profit in the last financial year, RBI said in a notification.
permission in cities with population less than 50,000. However, such RRBs should meet certain regulatory provisions like capital adequacy ratio of at least 9 per cent. Besides, the RRB should have net profit in the last financial year, RBI said in a notification.
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