3. Objectives of the Regulation
Effective from 2022-05-24 - May 23 2022
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| The Regulation is aimed at achieving the following key regulatory objectives: | ||
| a) | Promoting financial inclusion and increasing outreach of financial services to the priority areas; | |
| b) | Setting a regulatory and supervisory framework for the branch network; | |
| c) | Encouraging geographic diversification of the branch network; | |
| d) | Ensuring consumer protection; and | |
| e) | Facilitating banks in streamlining their branch networks. | |