What changed
The Government of Arunachal Pradesh notified the creation of Lower Siang district on May 6, 2022, carved from East Siang and West Siang districts. RBI has now assigned State Bank of India as the lead bank for this new district and allotted district working code 396 for BSR reporting.
What it means for you
Banks operating in the new Lower Siang district must now coordinate with SBI as the lead bank for district-level banking development and financial inclusion initiatives. The new working code 396 must be used in all BSR submissions for branches in this district. No changes affect lead banks in other districts.
What you must do
- Update internal systems to reflect Lower Siang district and its working code 396 for BSR reporting.
- Ensure branches in the new district align with SBI as the lead bank for district credit plans and SLBC meetings.
- Communicate the change to your operations and compliance teams handling BSR data.
- Verify that lead bank responsibilities for East Siang and West Siang remain unchanged.
Who it affects
State Bank of India (new lead bank for Lower Siang), All banks with branches in Lower Siang district, Banks reporting BSR data for Arunachal Pradesh, Lead banks of East Siang and West Siang districts
What is the new district working code for Lower Siang?
The district working code allotted is 396, which must be used for BSR reporting by banks.
Does this change affect lead banks of other districts in Arunachal Pradesh?
No, the lead banks for the erstwhile districts (East Siang and West Siang) and all other districts remain unchanged.
When did the formation of Lower Siang district take effect?
The Government of Arunachal Pradesh notified the formation on May 6, 2022, and RBI's assignment of lead bank responsibility is dated January 13, 2023.