35% of bank branches opened in last 3yrs were in rural areas
Over 24,000 new bank branches were opened between 2013-14 and 2016-17 (till June), of which 8,500, about 35%, were opened in rural areas, data shared by the government has shown. According to RBI norms, the permission to open bank branches across the country is subject to the condition that at least 25% of new branches are opened in rural areas.