What changed
Four new districts were created in Meghalaya via state government notifications on July 26, July 30, August 2, and August 6, 2012. RBI has now assigned lead bank responsibility for each new district to State Bank of India and allotted new district working codes for BSR reporting. Lead bank responsibilities for the erstwhile districts and other districts remain unchanged.
What it means for you
Banks operating in Meghalaya must update their BSR reporting to use the new district working codes for the four new districts. SBI branches in these areas will now coordinate lead bank activities, including credit planning and financial inclusion efforts. No other lender's lead bank duties are affected.
What you must do
- Update internal systems with new district working codes (378-381) for BSR reporting for North Garo Hills, East Jaintia Hills, South West Khasi Hills, and South West Garo Hills.
- Ensure branch staff in these districts are aware of SBI's lead bank role and coordinate accordingly.
- Review any district-level credit plans or SLBC data to reflect the new district boundaries.
Who it affects
State Bank of India (lead bank for all four new districts), All banks operating in Meghalaya (for BSR reporting), Lead banks of erstwhile districts (no change in responsibilities)
Which bank has been assigned lead bank responsibility for the new districts?
State Bank of India has been assigned lead bank responsibility for all four newly formed districts: North Garo Hills, East Jaintia Hills, South West Khasi Hills, and South West Garo Hills.
Do the lead bank responsibilities of existing districts change?
No, there is no change in the lead bank responsibilities of the erstwhile districts or any other districts in Meghalaya.
What are the new district working codes for BSR reporting?
The new district working codes are: North Garo Hills (378), East Jaintia Hills (379), South West Khasi Hills (380), and South West Garo Hills (381).