What changed
The Government of Madhya Pradesh carved out a new district, Agar-Malwa, from Shajapur district by including tehsils Agar, Barod, Susner, and Nalkhera. RBI has assigned Bank of India as the lead bank for this new district and allotted a district working code (377) for BSR reporting.
What it means for you
Bank of India now holds lead bank responsibility for coordinating banking activities in Agar-Malwa district. Other banks operating in the area must align their reporting and outreach with Bank of India. The lead bank responsibilities for Shajapur and other districts remain unchanged.
What you must do
- Update internal records to reflect Bank of India as lead bank for Agar-Malwa district.
- Use district working code 377 for all BSR reporting related to Agar-Malwa.
- Coordinate with Bank of India for district-level credit planning and financial inclusion initiatives.
Who it affects
All banks operating in Agar-Malwa district, Bank of India (as lead bank), Banks in Shajapur district (no change but need awareness)
What is the effective date for the new district formation?
The new district Agar-Malwa was created with effect from August 16, 2013, as per the Madhya Pradesh government notification.
Does this change affect lead bank responsibilities for other districts?
No, the lead bank responsibilities for the erstwhile Shajapur district and all other districts in Madhya Pradesh remain unchanged.
What is the district working code for Agar-Malwa?
The district working code allotted for Agar-Malwa is 377, to be used for BSR reporting by banks.