Reserve Bank of India
This query is : Resolved
Harsh Shah
(Querist)
03 December 2008
Is RBI Permission necessary for opening a Branch office outside India?
CA Manoj Kumar Jain
(Expert)
09 December 2008
As per Section 23 of Banking Regulation Act, Bank are required to take the permission of RBI for opening of new place of business, or changing the location of existing place of business. (even for each branch)
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