What changed
Two new districts, Alirajpur and Singrauli, were formed in Madhya Pradesh from parts of Jhabua and Sidhi districts respectively. RBI assigned lead bank responsibility for Alirajpur to Bank of Baroda and for Singrauli to Union Bank of India. Lead bank duties for the reorganised Jhabua and Sidhi districts continue with the same banks as before.
What it means for you
Banks with lead responsibilities in these new districts must now coordinate credit planning and financial inclusion efforts in Alirajpur and Singrauli. Other districts in Madhya Pradesh see no change in lead bank assignments. This ensures clear accountability for banking development in the newly carved areas.
What you must do
- Update internal records to reflect lead bank assignments for Alirajpur (Bank of Baroda) and Singrauli (Union Bank of India).
- Ensure branch network and credit plans align with the new district boundaries and lead bank coordination.
- Communicate the changes to relevant regional offices and district-level banking committees.
Who it affects
Bank of Baroda (lead bank for Alirajpur), Union Bank of India (lead bank for Singrauli), Banks operating in Jhabua and Sidhi districts, All lead banks in Madhya Pradesh
Which banks are the new lead banks for Alirajpur and Singrauli?
Bank of Baroda is the lead bank for Alirajpur district, and Union Bank of India is the lead bank for Singrauli district.
Do the lead bank responsibilities change for Jhabua and Sidhi districts?
No, the lead bank responsibilities for the reorganised Jhabua and Sidhi districts remain with Bank of Baroda and Union Bank of India respectively, as before.