What changed
RBI observed that only 15-20% of DLRC meetings have MP/MLA/ZP Chief attendance. It now mandates lead banks to ensure their presence as far as possible. SHG credit linkage functions are added to events where public representatives must be invited.
What it means for you
Banks must schedule DLRC meetings around MP/MLA availability. No penalties specified in the circular.
What you must do
- Fix DLRC meeting dates after consulting MPs/MLAs for their convenience.
- Invite public representatives to all district-level bank functions, including SHG credit linkage events.
- Ensure MPs/MLAs are offered chief guest or presiding roles when present.
Who it affects
Lead banks, District Level Review Committee (DLRC) members, MPs, MLAs, Zilla Parishad Chiefs, SHG credit linkage program organizers
What is the minimum attendance target for MPs in DLRC meetings?
RBI has not set a specific target but expects lead banks to ensure attendance as far as possible, given current 15-20% rate.
Does this circular apply to all bank functions or only DLRC meetings?
It applies to DLRC meetings and district-level bank functions like branch openings, Kisan Credit Card distribution, and SHG credit linkage programs.
What happens if a bank fails to invite public representatives?
RBI has not specified penalties in this circular.