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Unit Banks and Branch licensing

Discuss Unit Banks and Branch licensing within the Management Of Co-operatives ( MOC ) forums, part of the Resolve Your Query - Get Help and discuss Projects category; Unit Banks and Branch licensing Banks which have been organised as unit banks and have been extended relaxation in the ...

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Abhijeet S
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abhishreshthaa
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Unit Banks and Branch licensing - September 16th, 2010

Unit Banks and Branch licensing

Banks which have been organised as unit banks and have been extended relaxation in the entry point capital would be eligible to open branches only after augmenting their owned funds to the level required for opening a new bank (other than a unit bank) at the place where the bank was organised or where the branch is desired to be opened, whichever is higher.


Similarly if a bank, other than a unit bank, desires to open a branch at a higher category centre than the centre at which it was established within the district of its registration, the owned funds of the bank should at least be equivalent to the entry point capital prescribed for that centre.


Further, an urban co-operative bank which desires to open a branch at a centre other than its district of registration but within the state of registration, must have owned funds not less than the entry point capital applicable for organisation of a new urban co-operative bank (other than a unit bank) at the highest category centre in that state.


As some of the existing banks may not be in a position to immediately augment their owned funds to the desired level for being eligible for branch expansion such banks will be allotted centres on restricted basis on their complying with entry point norms prescribed earlier by the Reserve Bank.


However, they will have to raise their owned funds to the prescribed level by March 31, 2003, failing which they will not be eligible for further branch expansion.
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Re: Unit Banks and Branch licensing
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Jitendra Mazee
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Re: Unit Banks and Branch licensing - January 19th, 2018

Quote:
Originally Posted by abhishreshthaa View Post
Unit Banks and Branch licensing

Banks which have been organised as unit banks and have been extended relaxation in the entry point capital would be eligible to open branches only after augmenting their owned funds to the level required for opening a new bank (other than a unit bank) at the place where the bank was organised or where the branch is desired to be opened, whichever is higher.


Similarly if a bank, other than a unit bank, desires to open a branch at a higher category centre than the centre at which it was established within the district of its registration, the owned funds of the bank should at least be equivalent to the entry point capital prescribed for that centre.


Further, an urban co-operative bank which desires to open a branch at a centre other than its district of registration but within the state of registration, must have owned funds not less than the entry point capital applicable for organisation of a new urban co-operative bank (other than a unit bank) at the highest category centre in that state.


As some of the existing banks may not be in a position to immediately augment their owned funds to the desired level for being eligible for branch expansion such banks will be allotted centres on restricted basis on their complying with entry point norms prescribed earlier by the Reserve Bank.


However, they will have to raise their owned funds to the prescribed level by March 31, 2003, failing which they will not be eligible for further branch expansion.
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