RBI Update -Clarification regarding Shifting of Branches/Offices/Extension Counters within the same city, town or village by District Central Co-operative Banks (DCCBs) and Guidelines on Closure of Branches and Extension Counters by DCCBs

RBI has been receiving references seeking clarifications on shifting of branches within the same locality and closure of un-remunerative branches by District Central Co-operative Banks (DCCBs).

It has been decided to issue requisites clarifications regarding Shifting of Branches/Offices/Extension Counters within the same city, town or village by DCCBs and Guidelines on Closure of Branches and Extension Counters by DCCBs.

These guidelines will come into effect from the date of issue of this circular.

This circular is applicable to all District Central Co-operative Banks.

Link – https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12559&Mode=0