From CFO By Vincent Ryan September 23, 2014 In July, small business and middle market lender...
Procedures on Commercial Banks Branches Setup in Same Town(ATMs related)
(enacted in 2002)
The procedures regulate setting up of self-service banking, which includes ATMs and CDMs. The setup of only ATMs should be reported to the People’s Bank of China ( PBC ) and get recorded. Without objection from PBC within 15 business days, commercial banks get permission. If ATMs are set up inside one branch, the setting up is similar to branches.