Lead Bank Responsibility for New Jharkhand Districts
Current · Source: Reserve Bank of India · RBI/2007-08/315 · issued 06 May 2008 · ~1 min read
Quick answerRBI assigns Bank of India as Lead Bank for new Ramgarh and Khunti districts in Jharkhand, effective May 06, 2008. No changes for other districts.
The rule, in the simplest words
Bank of India is the Lead Bank for new Ramgarh and Khunti districts in Jharkhand
Lead Bank is responsible for coordinating banking services and credit planning for its assigned districts
Other lead banks in Jharkhand do not need to make any changes to their operations
How it plays out — a real example
A branch manager at Bank of India in Ramgarh, Jharkhand, will now oversee the coordination of banking services and credit planning for the new district, ensuring that financial inclusion and development efforts align with the new administrative boundaries, while a nearby payments & clearing officer in Khunti can continue to provide loan services under the updated Lead Bank responsibility.
What changed
Two new districts, Ramgarh and Khunti, were formed in Jharkhand via a government gazette notification on September 12, 2007. RBI has assigned the Lead Bank responsibility for both new districts to Bank of India effective May 06, 2008. The Lead Bank for the reorganised Hazaribagh and Ranchi districts remains Bank of India, with no changes for other districts.
What it means for you
Bank of India must now coordinate banking services and credit planning for Ramgarh and Khunti districts. Other lead banks in Jharkhand face no operational changes. This ensures district-level financial inclusion and development efforts are aligned with the new administrative boundaries.
What you must do
Bank of India should update its internal records to reflect Lead Bank responsibility for Ramgarh and Khunti districts.
Other lead banks in Jharkhand can continue existing district-level operations without any changes.
All banks should note the new district boundaries for any future credit or financial inclusion planning.
Who it affects
Bank of India (Lead Bank for Ramgarh and Khunti districts), All lead banks in Jharkhand, Banks operating in Hazaribagh and Ranchi districts
❓ Common questions
Regulatory timeline
Stated effective dateeffective May 06, 2008
Decoded by BankPulse2026-06-19 14:08 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
When did the new districts come into effect?
The new districts, Ramgarh and Khunti, were formed effective September 12, 2007, as per the Jharkhand government's gazette notification.
When did the Lead Bank assignment take effect?
The Lead Bank assignment for Ramgarh and Khunti districts to Bank of India took effect on May 06, 2008, the date of the RBI circular.
📜 Read the original circular — full text as issued by RBI
RBI/2007-08/315
RPCD.CO.LBS.BC.No. 67/02.08.01/2007-08
May 06, 2008
The Chairman,
All Lead Banks
Dear Sir,
Formation of new districts in Jharkhand –
Assignment of Lead Bank responsibility
The Department of Personnel & Administrative Reforms and Rajbhasha Department, Government of Jharkhand, Ranchi vide their Gazette Notification Nos. A.S.7/pra.E.Pu-05.07/2004Ka. 4961 & 4960/Jharkhand September 12, 2007 have advised about the formation of two new districts viz. Ramgarh and Khunti. The newly reconstituted Ramgarh district shall cover the same areas which was earlier included in Ramnagar Division of earstwhile Hazirabagh district. Whereas newly created Khunti district shall consist of areas of whole part of Adaki and Khunti sub-division coming under Bundu Division which was earlier a part of erstwhile Ranchi district, with effect from September 12, 2007 .
2. It has been decided to assign the Lead Bank responsibility of the new Ramgarh and Khunti districts to Bank of India. The Lead Bank responsibility of the reorganised Hazaribagh & Ranchi districts will, however, continue to be with Bank of India as hitherto.
3. There is no change in the lead bank responsibilities of other districts in the State.
Yours faithfully,
(R. Sebastian)
General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2007-08/315 · issued 06 May 2008. The plain-English explanation above is BankPulse’s own independent summary.
Other lead banks in Jharkhand can continue existing district-level operations without any changes.
📜 Compliance
Bank of India should update its internal records to reflect Lead Bank responsibility for Ramgarh and Khunti districts.
All banks should note the new district boundaries for any future credit or financial inclusion planning.
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 (Bank of India (Lead Bank for Ramgarh and Khunti districts), All lead banks in Jharkhand, Banks operating in Hazaribagh and Ranchi districts), your first concrete step on “Lead Bank Responsibility for New Jharkhand Districts” is: “Bank of India should update its internal records to reflect Lead Bank responsibility for Ramgarh and Khunti districts.” (RBI issued this 06 May 2008).
Circular: RBI/2007-08/315 -- Lead Bank Responsibility for New Jharkhand Districts
Issued: 06 May 2008
Action required: Bank of India should update its internal records to reflect Lead Bank responsibility for Ramgarh and Khunti districts.
Action required: Other lead banks in Jharkhand can continue existing district-level operations without any changes.
Action required: All banks should note the new district boundaries for any future credit or financial inclusion planning.
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=4167&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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