District Central Co-op. Banks Can Shift Their Branches/Offices/Extension Counters Without Prior Permission of RBI
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- Last Updated on 2 November, 2023
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Circular No. RBI/2023-24/78 DoR.REG/LIC.No.54/19.51.052/2023-24, Dated: 30.10.2023
Recently, the RBI received references seeking clarifications on shifting of branches within the same locality and closure of un-remunerative branches by District Central Co-operative Banks (DCCBs). Now, the RBI notified guidelines for the same. The DCCBs may shift their Branches/Offices/Extension Counters located in the rural or semi-urban or urban areas, within the same village or town or locality/municipal ward respectively, without prior permission of the Reserve Bank.
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