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[Banking] 25% mandatory rural branches

edited July 2014 in SSC
The rule that banks set up at least 25 per cent of the total branches in rural areas has existed for decades, not many banks have followed this diktat.
Reference - http://www.thehindubusinessline.com/industry-and-economy/banking/banks-scurry-to-expand-presence-in-nonurban-areas/article5131702.ece#

Does not RBI has some penal provision to control this erratic bank branching expansion? If this mandate has not been followed hitherto, what obligates new banks to follow the same henceforth ?
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