Rbi permission to open bank branch

This query is : Resolved 

09 September 2011 Is it necessary to get permission from RBI to open foreign branch by indian company?

And also to get prior approval from RBI to open bank accounts by the foreign branch Head office at India).


09 September 2011 for information link is:

http://www.rbi.org.in/scripts/FAQView.aspx?Id=26


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