Please
refer to BSD Circular No.11 dated March 17, 2001 enclosing
therewith the revised Branching Licensing Policy.
2.
In respect of the Branch Licensing Policy, it is clarified
that :-
i)
While submitting the Annual Branch Expansion Plan (ABEP)
before commencement of each calendar year (i.e. January-December)
the banks may also submit their annual plan for installation
of Automated Teller Machines (ATMs) during the said year.
Banks only need to give prior intimation to the State
Bank before installation of any ATM.
ii)
In case any ABEP of a bank is not approved, the State
Bank will
invariably intimate the same in writing to the bank
within 30 days from the date of submission of duly completed
ABEP to SBP.
iii)
Evidence regarding provision of adequate security arrangements
and observance of town planning regulations will not be a
pre-condition for approval of ABEP and will only be required
at the time of seeking formal license from State Bank.
3.
It is also clarified that CAMEL rating shall be the
eligibility criteria for approval or otherwise of the Annual
Branch Expansion Plan.
However, other factors mentioned in para-3 of Branch
Licensing Policy shall be added considerations in the matter.
4.
Other instructions on the subject shall, however, remain
unchanged.
5.
Please acknowledge receipt.
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