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Prasad   09 May 2016

Bank property

Hi,

Is there any order or law debarring banks to function in own buildings?

 



Learning

 2 Replies

siddhartha sinha   10 May 2016

So many branches of banks are owned by banks. Why cant they?

G.L.N. Prasad (Retired employee.)     10 May 2016

There is confusion in the query.   Banks must mostly function from their own buildings, as such functioning in permanent buildings increases the Public trust.  So most Banks always tried to have their own buildings, constructed to suit those requirements.

However, if the bank is in a week position, with out sufficient reserves and wishes to utilise Public funds for construction of such buildings, RBI or concerned controlling authority may bar the individual Bank for investing other's/ borrowed / deposit quantity in their own buildings by Banks.

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