What changed
RBI has assigned lead bank responsibility to State Bank of India for three newly formed districts in Arunachal Pradesh: Kamle (from Lower Subansiri and Upper Subansiri), Pakke Kessang (from East Kameng), and Shi-Yomi (from West Siang). District working codes have been allotted for BSR reporting. Lead bank assignment for Lower Siang and Leparada districts is deferred until the state government notifies their effective functioning dates.
What it means for you
Banks operating in these new districts must align their branch planning and credit outreach with SBI as the lead bank. The assignment streamlines coordination for financial inclusion and priority sector lending targets. For Lower Siang and Leparada, banks should await further notification before any operational changes.
What you must do
- Update internal records with new district working codes for BSR reporting.
- Coordinate with SBI's lead district managers for Kamle, Pakke Kessang, and Shi-Yomi.
- Monitor state government notifications for Lower Siang and Leparada effective dates.
- Ensure no change in lead bank responsibilities for existing districts.
Who it affects
All lead banks in Arunachal Pradesh, Banks with branches in Kamle, Pakke Kessang, and Shi-Yomi districts, State Bank of India (as lead bank for three new districts), Banks involved in BSR reporting for these districts
Which bank has been assigned lead bank responsibility for the new districts?
State Bank of India has been assigned lead bank responsibility for Kamle, Pakke Kessang, and Shi-Yomi districts.
What about Lower Siang and Leparada districts?
Lead bank responsibility for Lower Siang and Leparada will be assigned separately once the Government of Arunachal Pradesh notifies their effective dates of functioning.
Are there any changes to lead bank responsibilities for existing districts?
No, there is no change in lead bank responsibilities for the erstwhile districts or other districts in Arunachal Pradesh.