J&K Bank Gets Permanent Lead Bank Role for 4 Districts
Current · Source: Reserve Bank of India · RBI/2007-08/207 · issued 10 Dec 2007 · ~1 min read
Quick answerRBI has permanently assigned Lead Bank responsibility for Anantnag, Budgam, Pulwana, and Srinagar districts to Jammu and Kashmir Bank Ltd., replacing the earlier temporary arrangement that was set to expire in March 2008.
The rule, in the simplest words
Jammu and Kashmir Bank Ltd. is now the permanent Lead Bank for Anantnag, Budgam, Pulwana, and Srinagar districts.
J&K Bank will be in charge of district-level credit planning and monitoring for these districts.
Other districts in Jammu and Kashmir remain unaffected and will continue to work with their existing Lead Banks.
How it plays out — a real example
As the new permanent Lead Bank, J&K Bank's payments & clearing officer in Anantnag works closely with local business owners to understand their credit requirements and develops a district-level credit plan to support their growth. A payments & clearing officer in Anantnag helps a local business owner plan their credit needs with J&K Bank's guidance.
What changed
Previously, J&K Bank held Lead Bank responsibility for these four districts on a temporary basis until March 31, 2008. RBI has now reviewed the arrangement and decided to make it permanent, with immediate effect from December 10, 2007.
What it means for you
For banks operating in these districts, J&K Bank will now be the permanent convener for district-level credit planning and monitoring. Other districts in Jammu and Kashmir remain unaffected, so lenders should continue coordinating with their respective lead banks as before.
What you must do
Update internal records to reflect J&K Bank as the permanent Lead Bank for Anantnag, Budgam, Pulwana, and Srinagar.
Align district credit plan submissions and review meetings with J&K Bank's lead bank office.
Communicate this change to your branch managers and credit officers in the affected districts.
No action needed for other districts in Jammu and Kashmir; existing lead bank arrangements continue unchanged.
Who it affects
All Lead Banks operating in Jammu and Kashmir, Banks with branches in Anantnag, Budgam, Pulwana, and Srinagar districts, Jammu and Kashmir Bank Ltd. (now permanent Lead Bank for these districts)
❓ Common questions
Does this circular affect Lead Bank responsibilities for other districts in Jammu and Kashmir?
No. RBI explicitly states there is no change in lead bank responsibilities for other districts in the state.
When does this permanent assignment take effect?
The circular is dated December 10, 2007, and takes effect immediately upon issuance, replacing the temporary arrangement that was valid until March 31, 2008.
📜 Read the original circular — full text as issued by RBI
RBI/2007-08/207
RPCD.CO.LBS.BC.No.41 /02.08.01/2007-08
December 10, 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 on regular basis
Please refer to our Circular RPCD.CO.LBS.BC.No.59/02.08.01/2006-07 dated March 29, 2007 extending the period of transfer of Lead Bank responsibility in respect of Anantnag, Budgam, Pulwana and Srinagar districts on temporary basis to the Jammu and Kashmir Bank Ltd. upto March 31, 2008.
On a review, it has now been decided to assign Lead Bank responsibility to Jammu and Kashmir Bank Ltd. on a regular basis.
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/2007-08/207 · issued 10 Dec 2007. The plain-English explanation above is BankPulse’s own independent summary.
Communicate this change to your branch managers and credit officers in the affected districts.
📜 Compliance
Update internal records to reflect J&K Bank as the permanent Lead Bank for Anantnag, Budgam, Pulwana, and Srinagar.
Align district credit plan submissions and review meetings with J&K Bank's lead bank office.
No action needed for other districts in Jammu and Kashmir; existing lead bank arrangements continue unchanged.
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 (All Lead Banks operating in Jammu and Kashmir, Banks with branches in Anantnag, Budgam, Pulwana, and Srinagar districts, Jammu and Kashmir Bank Ltd. (now permanent Lead Bank for these districts)), your first concrete step on “J&K Bank Gets Permanent Lead Bank Role for 4 Districts” is: “Update internal records to reflect J&K Bank as the permanent Lead Bank for Anantnag, Budgam, Pulwana, and Srinagar.” (RBI issued this 10 Dec 2007).
Circular: RBI/2007-08/207 -- J&K Bank Gets Permanent Lead Bank Role for 4 Districts
Issued: 10 Dec 2007
Action required: Update internal records to reflect J&K Bank as the permanent Lead Bank for Anantnag, Budgam, Pulwana, and Srinagar.
Action required: Align district credit plan submissions and review meetings with J&K Bank's lead bank office.
Action required: Communicate this change to your branch managers and credit officers in the affected districts.
Action required: No action needed for other districts in Jammu and Kashmir; existing lead bank arrangements continue unchanged.
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=3976&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.
Help us keep this accurate
Found an inaccuracy or have an improvement? Tell us. Every report is reviewed by our team before any change is made — nothing goes live unverified.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
BANKPULSE · FREE DAILY BRIEF
Get RBI updates for your role
Every important RBI update, decoded in plain English — for your career, exams & financial awareness.
We collect only your email, name and role, used solely to send your brief — never sold or shared. Withdraw anytime via the unsubscribe link in any email. Independent platform, not affiliated with the RBI. Information, not legal advice.
REPORT AN ERROR · BETA
Spotted an error? Earn 500 BankPulse Credits
Help us stay accurate. If your correction is verified true and approved by our founder, you earn 500 BankPulse Credits — redeemable when the platform monetises.
Reviewed by a human before any credit is awarded. We never change the site from crowd input without verification.
WANT A NEW FEATURE · BETA
What would make BankPulse more useful for you?
Tell us what to build next — a tool, a data view, a role page, anything. We read every suggestion.
Thank you — your ideas directly shape what we build.