The Chief Executives,
All Scheduled Banks
Dear
Sirs / Madam,
BRANCH
LICENCING POLICY
Please
refer to BPD Circular No. 36 dated 3rd December 2002 and
BPD Circular Letter No. 21 dated 27th June 2003 on the above
subject.
2. In order to facilitate banks to ensure compliance of
statutory/regulatory requirements regarding licences of
branches it has been decided to issue a comprehensive circular
containing all the instructions notified from time to time
on the subject. A copy of the consolidated Branch Licencing
Policy is hereby enclosed for information and strict compliance
of the banks. BPD Circular No. 36 dated 3rd December 2002
and Circular letter No. 21 dated 27th June 2003 on the subject
stands withdrawn w.e.f the date of issue of this Circular.
3.
Please acknowledge receipt.