SBI gets lead bank role for three new Nagaland districts
No longer current — replaced by RBI/2024-25/102
Source: Reserve Bank of India · RBI/2004-05/390 · issued 07 Mar 2005 · ~1 min read
Quick answerRBI assigns State Bank of India as lead bank for three new Nagaland districts—Peren, Kiphire, and Longleng—following their formation by the Government of Nagaland effective October 24, 2003. The RBI circular is dated March 7, 2005. No changes for other districts.
What changed
The Government of Nagaland created three new districts—Peren, Kiphire, and Longleng—by upgrading sub-divisions under Kohima and Tuensang districts. RBI has now assigned lead bank responsibility for all three new districts to State Bank of India.
What it means for you
SBI must now coordinate banking development and credit planning in these new districts. Other banks operating there will need to align with SBI's lead bank initiatives. No disruption for existing lead bank arrangements elsewhere in Nagaland.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
SBI should immediately set up lead bank coordination mechanisms for Peren, Kiphire, and Longleng.
Other banks in these districts should engage with SBI's lead bank office for credit planning.
Review district credit plans to include the new districts' needs.
Update internal records and reporting to reflect the new lead bank assignments.
Who it affects
State Bank of India, All banks operating in Peren, Kiphire, and Longleng districts, Nagaland state government and district authorities
❓ Common questions
Regulatory timeline
Stated effective dateeffective October 24, 2003
Decoded by BankPulse2026-06-19 21:12 IST
Superseded by — RBI/2024-25/102
Status change: superseded09 Jul 2026, 04:02 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
Why were these three districts assigned to SBI?
RBI decided to assign lead bank responsibility for all three new districts to SBI, but the circular does not specify the rationale.
Does this affect lead bank responsibilities in other Nagaland districts?
No, the circular explicitly states there is no change in lead bank responsibilities for other districts in the state.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Superseded byRBI/2024-25/102
📜 Read the original circular — full text as issued by RBI
RBI/2004-05/390
RPCD.CO.LBS.BC.No. 86 /02.01.01/2004-05
March 7, 2005
The Chairman
All Lead Banks
Dear Sir,
Formation of new districts in Nagaland – Assignment of Lead
Bank responsibility
The Government of Nagaland, vide their notification
dated October 24, 2003, have advised about the formation of three new districts
viz. Peren, Kiphire and Longleng by upgrading from their earlier position as
sub-division under Kohima and Tuensang districts with effect from October 24,
2003.
2. It has been decided to assign the Lead Bank
responsibility of all the three new districts to State Bank of India.
3. There is no change in the lead bank responsibilities
of other districts in the State.
Yours faithfully,
(A.K.Bhandari)
Deputy General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2004-05/390 · issued 07 Mar 2005. The plain-English explanation above is BankPulse’s own independent summary.
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BankPulse Compliance Evidence Pack — generated 05 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=2152&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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