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
- Update internal systems with Malerkotla's district working code '00T' for BSR reporting.
- Ensure branches in Malerkotla align with SBI as the lead bank for district-level coordination.
- 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.
Who it affects
All lead banks in Punjab, Banks with branches in Malerkotla district, BSR reporting teams of all scheduled commercial banks
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.