RBI/2008-09/504
RPCD.CO.RRB.BC No. 114/03.05.90-A/2008-09
June 18, 2009
All Regional Rural Banks
Dear Sir,
"Controlling Office" renamed as "Regional Office"- RRBs
Please refer to paragraph 2 and 2.3 of our Master Circular on Branch Licensing - Regional Rural Banks (RRBs) RPCD.CO.RRB.No.BL.BC.07/ 03.05.90-A/2008-09 (RBI/2008-09/36) July 1, 2008 read with Circular RPCD. CO. RRB. BC. No. 101/ 03.05.90-A/ 2008-09 dated May 4, 2009, on the captioned subject.
2. We have been receiving queries from certain sponsor banks as to whether RRBs can convert their "Area Offices" into "Regional Offices".
3. It is clarified that "Controlling Office", for all purposes, includes "Area Office", and the instructions contained in our circular dated May 4, 2009 are applicable to "Area Office" also. Accordingly, the words "Controlling Offices/ Area Offices" referred in paragraph 2 and 2.3 of our aforesaid Master Circular may be replaced by the words "Regional Offices".
4. Please acknowledge receipt to our Regional Office concerned.
Yours faithfully,
(B.P.Vijayendra)
Chief General Manager |
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