Lead Bank Role Extended for J&K Bank in Four Districts
Current & verified — this is the latest version
Source: Reserve Bank of India · RBI/2006-2007/295 · issued 29 Mar 2007 · ~2 min read
Quick answerRBI extended J&K Bank's temporary lead bank responsibility for Anantnag, Budgam, Pulwama, and Srinagar districts until March 31, 2008. No other district lead bank assignments in Jammu & Kashmir changed.
The rule, in the simplest words
J&K Bank will keep being the lead bank for Anantnag, Budgam, Pulwama, and Srinagar districts until 31 Mar 2008 (the boss bank that helps plan loans and banking work).
No other districts in Jammu & Kashmir will change their lead bank (the boss bank stays the same elsewhere).
All other banks in those four districts must match their branch plans and loan targets for priority sectors with what J&K Bank decides (follow the lead bank’s directions).
How it plays out — a real example
Rohit, a credit‑policy officer at a private bank in Pulwama, checks the new circular each morning and makes sure his team’s loan‑growth targets for farmers line up with the plans shared by J&K Bank, the lead bank for Pulwama, so that the district’s overall credit goals stay on track.
What changed
The temporary transfer of lead bank responsibility for Anantnag, Budgam, Pulwama, and Srinagar districts to Jammu and Kashmir Bank Ltd., which was set to expire on March 31, 2007, has been extended for one more year until March 31, 2008. This extension follows a review of the earlier arrangement that had been in place since March 2005.
What it means for you
J&K Bank continues to coordinate credit and banking development in these four districts for another year, ensuring continuity in lead bank functions. Other banks operating in these districts must align their branch planning and priority sector lending targets with J&K Bank's lead role. No disruption is expected for existing banking arrangements in the rest of the state.
What you must do
Acknowledge J&K Bank's continued lead role in Anantnag, Budgam, Pulwama, and Srinagar for FY 2007-08.
Coordinate district credit plans and quarterly reviews with J&K Bank for these four districts.
Ensure your bank's branch expansion and priority sector lending in these districts align with the lead bank's directives.
Update internal records and compliance systems to reflect the extended lead bank arrangement until March 31, 2008.
Who it affects
Jammu and Kashmir Bank Ltd., All lead banks operating in Jammu & Kashmir, Banks with branches in Anantnag, Budgam, Pulwama, and Srinagar districts
❓ Common questions
Why was the lead bank responsibility temporarily transferred to J&K Bank?
The circular does not specify the reason for the temporary transfer, but it was initially done in 2005 and has now been extended for one more year.
Does this affect lead bank responsibilities in other J&K districts?
No, the circular explicitly states there is no change in lead bank responsibilities for other districts in Jammu and Kashmir.
What happens after March 31, 2008?
The circular does not mention any further extension or permanent arrangement. Banks should watch for future RBI circulars on this matter.
📜 Read the original circular — full text as issued by RBI
RBI/2006-2007/295
RPCD.CO.LBS.BC.No. 59 /02.08.01/2006-07
March
29, 2007
The
Chairman
All Lead Banks
(As per mailing list)
Dear
Sir,
Lead
Bank Scheme Allocation of Lead Bank responsibility in respect
of Anantnag,
Budgam, Pulwana and Srinagar districts in J & K State
Please
refer to our Circular RPCD.No.LBS.BC.
87/02.01.01/2004-05 dated March 07, 2005 extending the period of transfer
of lead responsibility in respect of Anantnag, Budgam, Pulwana and Srinagar districts
to the Jammu and Kashmir Bank Ltd. upto March 31, 2007.
On
a review, it has been decided to extend this period of temporary transfer of lead
bank responsibility to Jammu and Kashmir Bank Ltd. for a further period of one
year ending 31 March, 2008.
3.
There is no change in the lead bank responsibilities of other districts in the
State of Jammu and Kashmir.
Yours
faithfully,
(R. Sebastian)
General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2006-2007/295 · issued 29 Mar 2007. The plain-English explanation above is BankPulse’s own independent summary.
Ensure your bank's branch expansion and priority sector lending in these districts align with the lead bank's directives.
💻 IT / Systems
Update internal records and compliance systems to reflect the extended lead bank arrangement until March 31, 2008.
📜 Compliance
Acknowledge J&K Bank's continued lead role in Anantnag, Budgam, Pulwama, and Srinagar for FY 2007-08.
Coordinate district credit plans and quarterly reviews with J&K Bank for these four districts.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template
Example: if you are a Compliance officer at a bank this circular applies to (Jammu and Kashmir Bank Ltd., All lead banks operating in Jammu & Kashmir, Banks with branches in Anantnag, Budgam, Pulwama, and Srinagar districts), your first concrete step on “Lead Bank Role Extended for J&K Bank in Four Districts” is: “Acknowledge J&K Bank's continued lead role in Anantnag, Budgam, Pulwama, and Srinagar for FY 2007-08.” (RBI issued this 29 Mar 2007).
Circular: RBI/2006-2007/295 -- Lead Bank Role Extended for J&K Bank in Four Districts
Issued: 29 Mar 2007
Action required: Acknowledge J&K Bank's continued lead role in Anantnag, Budgam, Pulwama, and Srinagar for FY 2007-08.
Action required: Coordinate district credit plans and quarterly reviews with J&K Bank for these four districts.
Action required: Ensure your bank's branch expansion and priority sector lending in these districts align with the lead bank's directives.
Action required: Update internal records and compliance systems to reflect the extended lead bank arrangement until March 31, 2008.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
💬 Banker Discussion
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
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=3376&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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