What changed
RBI assigned lead bank responsibility for the newly created Noklak district in Nagaland to State Bank of India. The district was formed from the erstwhile Noklak Sub-Division under Tuensang district, as notified by the state government in December 2017 and subsequent notifications in July 2020. A new district working code (00P) has been allotted for BSR reporting.
What it means for you
Banks operating in Nagaland must update their BSR reporting to include the new district code 00P for Noklak. SBI now has lead bank duties for Noklak, including coordinating banking services and development. Other districts' lead bank responsibilities remain unchanged.
What you must do
- Update BSR reporting systems to include district working code 00P for Noklak.
- Ensure branch-level data for Noklak is correctly tagged under the new code.
- Coordinate with State Bank of India for lead bank activities in Noklak if you are a bank operating there.
Who it affects
All lead banks in Nagaland, State Bank of India (new lead bank for Noklak), Banks reporting BSR data for Nagaland districts
What is the new district working code for Noklak?
The district working code allotted is 00P (to be read as zero zero P) for BSR reporting.
Does this change affect lead bank responsibilities for other districts in Nagaland?
No, there is no change in lead bank responsibilities for the erstwhile Tuensang district or any other district in Nagaland.