Master Circular on Branch Authorization

India

(enacted in 2009)

Master Circular on Branch Authorization (DBOD.No.BL.BC.20/22.01.001/2009-10), consolidates instructions and guidelines issued by the Reserve Bank of India to banks on branch authorization until June 30, 2009.

This circular is organized as follows:

  • Section 1 Introduction;
  • Section 2 Definition
  • Section 3 Branch Authorisation Policy;
  • Section 4 Procedure for Application;
  • Section 5 Validity of Authorisations;
  • Section 6 Opening of Branches;
  • Section 7 Setting Up of Off Site ATMs – General Permission;
  • Section 8 Substitution of Centres;
  • Section 9 Setting up of Central Processing Centres/Back Offices;
  • Section 10 Call Centres;
  • Section 11 Business Facilitators/Business Correspondent Model;
  • Section 12 Doorstep Banking;
  • Section 13 Shifting of Branches;
  • Section 14 Conversion of Branches;
  • Section 15 Merger of Branches;
  • Section 16 Closure of Branches;
  • Section 17 Acquisition of Premises;
  • Section 18 Population Group Wise Classification of Centres;
  • Section 19 Reporting to Reserve Bank of India; and
  • Section 20 Foreign Banks.

This Master Circular consolidates 49 circulars (see attached for further details).