What changed
The Government of India, acting on recommendations from the Committee to formulate a Comprehensive Human Resource Policy for RRBs, decided to change the nomenclature. Consequently, RBI has instructed RRBs to replace the words 'Controlling Office' with 'Regional Office' in paragraphs 2 and 2.3 of the Master Circular on Branch Licensing dated July 1, 2008.
What it means for you
This is a straightforward nomenclature change that aligns RRB terminology with standard banking usage. For banks, it simplifies internal and external communications by adopting a more familiar term. No operational or licensing procedures are affected; only the label changes in official documents.
What you must do
- Update all internal and external documents, forms, and circulars referencing 'Controlling Office' to 'Regional Office'.
- Ensure branch licensing records and related communications reflect the new terminology.
- Inform all relevant staff and stakeholders about the change to avoid confusion.
Who it affects
Regional Rural Banks (RRBs), RRB branch licensing departments, RRB staff handling regulatory compliance
Does this change affect any licensing procedures or requirements?
No, this is purely a nomenclature change. All existing procedures, requirements, and guidelines remain the same; only the term 'Controlling Office' is replaced with 'Regional Office'.
Which specific document is being updated?
The Master Circular on Branch Licensing for RRBs dated July 1, 2008 (reference RPCD.CO.RRB.No.BL.BC.07/03.05.90-A/2008-09).