What changed
RBI has assigned lead bank responsibility for the newly formed Eastern West Khasi Hills district in Meghalaya to Punjab National Bank. The district was created via a state government gazette notification in November 2021. A new district working code '00U' has been allotted for BSR reporting purposes.
What it means for you
Banks operating in Meghalaya must update their records to reflect the new district for lead bank coordination and BSR submissions. Punjab National Bank now takes on the convenor role for district-level credit planning and financial inclusion efforts in Eastern West Khasi Hills. Other districts' lead bank arrangements remain unchanged.
What you must do
- Update internal systems with the new district code '00U' for Eastern West Khasi Hills in BSR reports.
- Coordinate with Punjab National Bank for any district-level banking committee meetings or data submissions.
- Ensure branch staff in the affected area are aware of the new district boundaries and lead bank assignment.
- Review any existing credit plans or SLBC reports to reflect the new district structure.
Who it affects
All lead banks in Meghalaya, Punjab National Bank (new lead bank for Eastern West Khasi Hills), Banks with branches in West Khasi Hills or the new district, State Level Bankers' Committee (SLBC) Meghalaya
What is the new district's working code for BSR reporting?
The district working code allotted is '00U', which should be read as 'zero zero U'.
Does this change affect lead bank responsibilities for other districts in Meghalaya?
No, the lead bank responsibilities for the erstwhile district (West Khasi Hills) and all other districts in the state remain unchanged.