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RBI Circular No: RBI/2016-17/320 (08-Jun-17) Aligning roadmap for unbanked villages having population more than 5000 with revised guidelines on Branch Authorisation Policy

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FIDD.CO.LBS.BC.No 31/02.01.001/2016-17

The Chairman and Managing Director/ Chief Executive Officer

SLBC Convenor Banks

Dear Sir,

Please refer to the circular FIDD.CO.LBS.BC.No.82/02.01.001/2015-16 dated December 31, 2015 wherein SLBCs were advised to identify villages with population above 5000 without a bank branch of a scheduled commercial bank in their State and allot these villages among scheduled commercial banks (including Regional Rural Banks) for opening brick and mortar branches.

2. In this connection, we draw your attention to the circular DBR.No.BAPD.BC.69/22.01.001/2016-17 dated May 18, 2017 on ''Rationalisation of Branch Authorisation Policy - Revision of Guidelines'' wherein final guidelines on ''Banking Outlets'' have been issued with a view to facilitate financial inclusion as also to provide flexibility to banks on the choice of delivery channel.

3. In the circumstances, SLBC Convenor banks are advised to review and identify the unbanked rural centres (URCs) in villages with population above 5000, in light of the revised guidelines on rationalisation of branch authorisation policy and...

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