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Lead Bank Responsibility for New Karnataka Districts

Current · Source: Reserve Bank of India · RBI/2007-2008/212 · issued 14 Dec 2007 · ~1 min read
Quick answerRBI assigned Canara Bank as lead bank for Chikkaballapura and Corporation Bank temporarily for Ramanagara district, effective September 10, 2007, following Karnataka's creation of these two new districts.
The rule, in the simplest words
How it plays out — a real example

A payments & clearing officer in Chikkaballapura receives a memo that Canara Bank is now the lead bank. She updates her branch's records and starts sending district credit reports to Canara Bank's regional office, ensuring all banks in the district coordinate on lending targets for farmers and small businesses.

What changed

Karnataka formed two new districts—Ramanagara and Chikkaballapura—effective September 10, 2007, by carving talukas from Bangalore Rural and Kolar districts respectively. RBI assigned lead bank responsibility: Canara Bank for Chikkaballapura on a regular basis, and Corporation Bank for Ramanagara on a temporary basis until March 2009, subject to review. No changes were made to lead bank responsibilities for other districts in the state.

What it means for you

Banks operating in these new districts must align with the assigned lead bank for coordination of credit and development activities. Corporation Bank's temporary role in Ramanagara means it should prepare for a possible handover after March 2009. Other lead banks in Karnataka remain unaffected, ensuring continuity in their respective districts.

What you must do

Who it affects

Canara Bank (lead bank for Chikkaballapura), Corporation Bank (temporary lead bank for Ramanagara), All banks operating in Ramanagara and Chikkaballapura districts, Lead banks of other Karnataka districts (no change)

❓ Common questions

Regulatory timeline

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

Why was Corporation Bank assigned only temporarily for Ramanagara?

RBI assigned Corporation Bank on a temporary basis until March 2009, subject to review, likely to assess operational feasibility before making a permanent assignment.

Does this circular affect lead bank responsibilities in other Karnataka districts?

No, the circular explicitly states there is no change in lead bank responsibilities for other districts in the state.

📜 Read the original circular — full text as issued by RBI
RBI/2007-2008/212 RPCD.CO.LBS.BC.No. 43/02.08.01/2007-08 December 14, 2007 The Chairman All Lead Banks Dear Sir, Formation of two new districts in Karnataka – Assignment of Lead Bank responsibility The Revenue Department, (LAQ/SSLR), Government of Karnataka vide their Gazette Notification No.RD 27 Bhudapu 2006(p-3) dated August 03, 2007 have advised about the formation of two new districts viz. Ramanagara and Chikkaballapura with effect from September 10, 2007 as indicated in the following table:- Sr. No.
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2007-2008/212 · issued 14 Dec 2007. The plain-English explanation above is BankPulse’s own independent summary.
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Worked example & action-note template

Example: if you are a Compliance officer at a bank this circular applies to (Canara Bank (lead bank for Chikkaballapura), Corporation Bank (temporary lead bank for Ramanagara), All banks operating in Ramanagara and Chikkaballapura districts, Lead banks of other Karnataka districts (no change)), your first concrete step on “Lead Bank Responsibility for New Karnataka Districts” is: “Acknowledge receipt of this circular to RBI as instructed.” (RBI issued this 14 Dec 2007).

  1. Circular: RBI/2007-2008/212 -- Lead Bank Responsibility for New Karnataka Districts
  2. Issued: 14 Dec 2007
  3. Action required: Acknowledge receipt of this circular to RBI as instructed.
  4. Action required: Update internal records to reflect Canara Bank as lead bank for Chikkaballapura and Corporation Bank for Ramanagara.
  5. Action required: Coordinate with the assigned lead banks for district-level credit planning and priority sector lending targets.
  6. Action required: Monitor the temporary assignment for Ramanagara and prepare for potential changes post-March 2009.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. 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.

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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=3979&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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