I am looking for the Branch Authorisation Policy- Opening of Administrative/ Controlling Offices in Tier 1 Centers of Reserve Bank of India. Can you provide me the details regarding this?

[Vishal Kotkar]

I am giving the details of Branch Authorisation Policy- Opening of Administrative/ Controlling Offices in Tier 1 Centres of Reserve Bank of India. Please refer to paragraphs 104-105 of the Second Quarter Review of Monetary Policy 2012-13 (extract enclosed), announced on October 30, 2012, wherein it has been proposed to permit domestic scheduled commercial banks (other than RRBs) to open offices performing purely administrative and controlling functions (Regional Offices and Zonal Offices) in Tier 1 centres, subject to reporting. I am providing the detailed notification regarding the same for you which was uploaded in the official website of Reserve Bank of India on 20th November 2012.