BVB 204 BOD& Bank Licensing
BVB 204 BOD& Bank Licensing
Sem I
BVB-103
Basics of Banking & Insurance
branch.
Permission would be valid for a period of one year.
Criteria for granting permission
Sec. 23, BR Act, 1949 there are a few require-
ments for satisfaction of the guidelines of RBI:
Financial condition and history of the bank
prospects
General character of its management
Public interest
independent Directors.
The bank shall open at least 25 per cent of its branches in