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New Malerkotla District: Lead Bank & Working Code Assigned

Current · Source: Reserve Bank of India · RBI/2021-22/90 · issued 24 Aug 2021 · ~1 min read
Quick answerRBI assigns State Bank of India as lead bank for Punjab's new Malerkotla district, carved from Sangrur. Banks must use new working code '00T' for BSR reporting. No changes to other districts.
The rule, in the simplest words
How it plays out — a real example

Rajesh, a payments & clearing officer in Malerkotla, receives a notification from the RBI about the new working code '00T' for BSR reporting. He updates the internal systems and ensures that all branches in Malerkotla use the new code for their BSR returns. Rajesh also communicates the change to his BSR reporting team and compliance officers to avoid any discrepancies. A payments & clearing officer in Malerkotla coordinates with SBI to ensure smooth BSR reporting.

What changed

Punjab government created Malerkotla district from Sangrur via Gazette Notification No.7767 dated June 10, 2021. RBI assigned State Bank of India as lead bank for Malerkotla and allotted district working code '00T' for BSR reporting. Lead bank responsibilities for Sangrur and other Punjab districts remain unchanged.

What it means for you

Banks operating in Malerkotla must now coordinate with SBI as the lead bank for district-level credit planning and government schemes. The new working code '00T' must be used in all BSR returns for branches in Malerkotla. This is a routine administrative update that does not alter existing lead bank arrangements elsewhere.

What you must do

Who it affects

All lead banks in Punjab, Banks with branches in Malerkotla district, BSR reporting teams of all scheduled commercial banks

❓ Common questions

What is the new district working code for Malerkotla?

The code is '00T' (to be read as zero zero T), as assigned by RBI for BSR reporting purposes.

Does this change affect lead bank responsibilities for Sangrur district?

No. RBI has clarified that there is no change in lead bank responsibilities for the erstwhile Sangrur district or any other district in Punjab.

📜 Read the original circular — full text as issued by RBI
RBI/2021-22/90 FIDD.CO.LBS.BC.No.14/02.08.001/2021-22 August 24, 2021 The Chairman / Managing Director & Chief Executive Officer All Lead Banks Madam/ Dear Sir, Formation of new district in the State of Punjab – Assignment of Lead Bank Responsibility The Government of Punjab vide Gazette Notification No.7767 dated June 10, 2021 had notified the formation of a new district in the State of Punjab. It has been decided to assign the lead bank responsibility of the new district as under: Sr No
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2021-22/90 · issued 24 Aug 2021. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
🏦 Branch Manager
  • Ensure branches in Malerkotla align with SBI as the lead bank for district-level coordination.
💻 IT / Systems
  • Update internal systems with Malerkotla's district working code '00T' for BSR reporting.
📜 Compliance
  • Communicate the new district code to your BSR reporting teams and compliance officers.
  • Verify that no changes are needed for Sangrur or other Punjab district codes.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are an IT/Systems lead at a bank this circular applies to (All lead banks in Punjab, Banks with branches in Malerkotla district, BSR reporting teams of all scheduled commercial banks), your first concrete step on “New Malerkotla District: Lead Bank & Working Code Assigned” is: “Update internal systems with Malerkotla's district working code '00T' for BSR reporting.” (RBI issued this 24 Aug 2021).

  1. Circular: RBI/2021-22/90 -- New Malerkotla District: Lead Bank & Working Code Assigned
  2. Issued: 24 Aug 2021
  3. Action required: Update internal systems with Malerkotla's district working code '00T' for BSR reporting.
  4. Action required: Ensure branches in Malerkotla align with SBI as the lead bank for district-level coordination.
  5. Action required: Communicate the new district code to your BSR reporting teams and compliance officers.
  6. Action required: Verify that no changes are needed for Sangrur or other Punjab district codes.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

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Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12150&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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