What changed
The Government of Nagaland created four new districts via gazette notifications in December 2021 and January 2022. RBI has now designated lead banks for these districts: State Bank of India for Tseminyu, Niuland, and Shamator; Bank of Baroda for Chumoukedima. New district working codes (01K, 01L, 01M, 01N) have been allotted for BSR reporting. Lead banks for other districts in Nagaland remain unchanged.
What it means for you
Banks operating in Nagaland must update their branch mapping and BSR reporting to reflect the new district codes. The lead banks assigned will coordinate credit and financial inclusion efforts in these new districts. Lenders with branches in the affected erstwhile districts (Kohima, Dimapur, Medziphema, Tuensang, Kiphire) need to realign their administrative and reporting structures.
What you must do
- Update internal systems with new district working codes (01K, 01L, 01M, 01N) for BSR reporting.
- Ensure branches in new districts align with the assigned lead bank for coordination.
- Review and adjust any district-level credit plans or financial inclusion targets to cover the new districts.
- Communicate changes to branch managers and compliance teams in Nagaland.
Who it affects
Lead banks in Nagaland (SBI and Bank of Baroda), All banks with branches in Kohima, Dimapur, Medziphema, Tuensang, and Kiphire districts, Banks reporting BSR data for Nagaland
Which banks are the new lead banks for the four new districts?
State Bank of India is lead bank for Tseminyu, Niuland, and Shamator. Bank of Baroda is lead bank for Chumoukedima.
What are the new district working codes for BSR reporting?
The codes are: Tseminyu (01K), Niuland (01L), Chumoukedima (01M), and Shamator (01N).
Do lead banks for other districts in Nagaland change?
No, there is no change in lead banks for the other districts in the state.