First phase of FIP for the period 2010–2013 has been completed. Banks are now preparing the second phase of FIPs for the period 2013–2016.   To address the issue of uneven spread of Bank branches, domestic SCBs have been given the freedom to open branches in centres with population of less than 100,000 subject to reporting to RBI.
Page 3 of 8  Trust is ensured through the independence of central banks from political pressures, clear price stability mandates, and accountability. Moreover, commercial banks are regulated, supervised and with deposit guarantee schemes, to ensure trust in privately issued money. The system ensures parity of value and a joint unit of account between privately issued bank deposits and central bank reserves.