J&K Bank Lead Role Extended for 4 Districts Till 2007
No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2004-05/392 · issued 07 Mar 2005 · ~1 min read
Quick answerRBI extended Jammu & Kashmir Bank's lead bank responsibility for Anantnag, Budgam, Pulwama, and Srinagar districts until March 31, 2007, continuing the temporary arrangement from May 2003.
What changed
The temporary transfer of lead bank responsibility for these four districts to J&K Bank, initially set to expire in March 2005, has been extended by two more years. The existing arrangement will now remain in place until March 31, 2007.
What it means for you
J&K Bank continues as the convenor for district-level credit planning and monitoring in these areas, ensuring continuity in financial inclusion efforts. Other banks operating in these districts must coordinate with J&K Bank for lead bank activities. This extension provides stability for ongoing development initiatives.
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
Coordinate with Jammu & Kashmir Bank for all lead bank scheme activities in Anantnag, Budgam, Pulwama, and Srinagar districts.
Align your branch-level credit plans with the lead bank's district credit plans until March 2007.
Participate in district consultative committee meetings convened by J&K Bank as scheduled.
Who it affects
Jammu & Kashmir Bank (as lead bank), All banks with branches in Anantnag, Budgam, Pulwama, and Srinagar districts, Rural and semi-urban borrowers in these districts
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-19 21:12 IST
Status change: withdrawn08 Jul 2026, 13:16 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
Why was the lead bank responsibility temporarily transferred to J&K Bank?
The source does not specify the reason for the temporary transfer, but it was initially done in May 2003 and has now been extended.
Does this affect other banks' operations in these districts?
No, other banks continue their normal operations but must coordinate with J&K Bank for lead bank scheme activities like credit planning and monitoring.
📜 Read the original circular — full text as issued by RBI
RBI/2004-05/392
RPCD.LBS.BC. 87 /02.01.01/2004-05
March 7, 2005
The Chairman
All Lead Banks
Dear Sir,
Lead Bank Scheme-Allocation of Lead Bank responsibility
in respect of Anantnag, Budgam Pulwama and Srinagar districts in Jammu &
Kashmir
Please refer to our circular RPCD.No.LBS.BC.97/02.01.01/2002-03
dated May 14, 2003 extending the period of temporary transfer of lead bank responsibility
in respect of Anantnag, Budgam, Pulwama and Srinagar districts to the Jammu
& Kashmir Bank Ltd. up to March 2005. The matter has been reviewed and it
has been decided to continue the existing arrangement till 31st March 2007.
Yours faithfully,
(A.K.Bhandari)
Deputy General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2004-05/392 · 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=2153&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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