April 7, 2022
All Scheduled Commercial Banks
(excluding Regional Rural Banks, Local Area Banks & Payments Banks)
Dear Sir / Madam,
In recent times, digital banking has emerged as the preferred banking service delivery channel in the country along with ‘brick and mortar’ banking outlets. Reserve Bank has been taking progressive measures to improve availability of digital infrastructure for banking services. In furtherance of this objective and as a part of efforts to accelerate and widen the reach of digital banking services, the concept of “Digital Banking Units” (DBUs) is being introduced by the Reserve Bank.
2. In pursuance of announcements made in the Union Budget 2022-23, guidelines have been prepared for setting up of Digital Banking Units (DBUs) by commercial banks on the basis of recommendations of a Working Group formed by RBI which included representatives of banks and Indian Banks’ Association (IBA).
3. The guidelines for establishment of DBUs are detailed in the ANNEX.
Yours faithfully
(Prakash Baliarsingh)
Chief General Manager
To Read More….
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Notification : https://www.dropbox.com/s/9jcynqi2bu2ualq/Establishment%20of%20Digital%20Banking%20Units%20%28DBUs%29.PDF?dl=0