What changed
Following the formation of Telangana as India's 29th state (gazette notification March 1, 2014, appointed day June 2, 2014), RBI assigned SLBC convenorship of Telangana to State Bank of Hyderabad. Andhra Bank continues as SLBC convenor for the remaining Andhra Pradesh. SLBC responsibilities for all other states remain unchanged.
What it means for you
Banks operating in Telangana and Andhra Pradesh must now coordinate with two separate SLBC convenors for state-level banking issues. This split ensures focused development and credit planning for each state. Lenders should update their state-level coordination points and align with the respective convenor banks for policy implementation.
What you must do
- Update internal records to reflect State Bank of Hyderabad as SLBC convenor for Telangana and Andhra Bank for Andhra Pradesh.
- Direct all Telangana-related SLBC communications to State Bank of Hyderabad.
- Ensure branch-level awareness of the new convenorship arrangement effective June 2, 2014.
- Review any pending SLBC submissions to route them to the correct convenor bank.
Who it affects
All banks with operations in Telangana and Andhra Pradesh, SLBC convenor banks (State Bank of Hyderabad and Andhra Bank), State-level banking coordination committees
When does the new SLBC convenorship take effect?
The appointed day for Telangana's formation is June 2, 2014, and the SLBC convenorship assignment is effective from that date.
Which bank is the SLBC convenor for the residual Andhra Pradesh?
Andhra Bank retains the SLBC convenorship for Andhra Pradesh after the carving out of Telangana.
Does this circular affect SLBC responsibilities in other states?
No, there is no change in SLBC responsibilities for any state other than Telangana and Andhra Pradesh.