What changed
The Government of Uttar Pradesh created Panchsheel Nagar district on September 28, 2011, with headquarters at Hapur, from parts of Ghaziabad district. RBI has now assigned Syndicate Bank as the lead bank for this new district. The district has been given working code 313 for reporting purposes.
What it means for you
Syndicate Bank must now coordinate banking development and credit planning in Panchsheel Nagar, including preparing district credit plans and monitoring priority sector lending. Other banks operating in the district will need to align with Syndicate Bank's lead bank role. This assignment does not affect lead bank responsibilities in any other Uttar Pradesh district.
What you must do
- Syndicate Bank should immediately establish lead bank office in Hapur and initiate district credit plan preparation.
- All banks in Panchsheel Nagar must report data using district working code 313.
- Banks should update internal systems to reflect the new district boundaries and lead bank arrangements.
- Syndicate Bank to convene first District Consultative Committee meeting at the earliest.
Who it affects
Syndicate Bank (lead bank for Panchsheel Nagar), All banks operating in Panchsheel Nagar district, Banks previously covering Ghaziabad district (now reduced in area), Uttar Pradesh state-level bankers' committee
What is the effective date of this lead bank assignment?
The new district was formed on September 28, 2011, and the lead bank assignment is effective from the date of this circular, February 22, 2012.
Which tehsils are included in Panchsheel Nagar?
The district comprises three tehsils: Hapur, Garh Mukteshwar, and Dhaulana.
Does this change affect lead bank responsibilities in other Uttar Pradesh districts?
No, there is no change in lead bank responsibilities for any other district in the state.