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Lead Bank for Sikkim's New Pakyong District Assigned to Central Bank of India

Current · Source: Reserve Bank of India · RBI/2022-23/165 · issued 13 Jan 2023 · ~1 min read
Quick answerRBI assigned lead bank responsibility for Sikkim's newly created Pakyong district to Central Bank of India, with district working code 01U for BSR reporting. No changes to lead banks of other districts.
The rule, in the simplest words
How it plays out — a real example

Rohit, a gold‑loan officer in Pakyong, checks the latest RBI circular, uses the code 01U when filing his monthly BSR, and calls the Central Bank of India’s district head to align his branch’s credit plan with the new lead‑bank guidelines.

What changed

RBI assigned lead bank responsibility for the newly formed Pakyong district in Sikkim to Central Bank of India. A district working code (01U) was allotted for BSR reporting. Lead banks for the erstwhile East Sikkim district and other districts remain unchanged.

What it means for you

Central Bank of India now coordinates banking development and financial inclusion in Pakyong district. Other banks operating there must align with its lead bank role for government schemes and credit planning. The new working code ensures accurate BSR data reporting for the district.

What you must do

Who it affects

Central Bank of India, Banks operating in Pakyong district, Sikkim, Lead banks of other Sikkim districts

❓ Common questions

Why was Pakyong district created?

The Government of Sikkim notified the formation of Pakyong as a new district via a gazette notification in December 2021.

Does this change affect lead banks of other Sikkim districts?

No, the RBI circular explicitly states there is no change in lead banks for the erstwhile East Sikkim district or any other district in Sikkim.

What is the district working code for Pakyong?

The district working code allotted for Pakyong is 01U, to be used for BSR reporting by banks.

📜 Read the original circular — full text as issued by RBI
RBI/2022-23/165 FIDD.CO.LBS.BC.No.17/02.08.001/2022-23 January 13, 2023 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new district in the State of Sikkim – Assignment of Lead Bank Responsibility The Government of Sikkim vide Gazette Notification No.50/LR&DMD/ACQ/GOS dated December 20, 2021 had notified formation of a new district in the state of Sikkim. It has been decided to assign the lead bank responsibility of the new district, Pakyong, as under: Sr No
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2022-23/165 · issued 13 Jan 2023. The plain-English explanation above is BankPulse’s own independent summary.
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Worked example & action-note template

Example: if you are a Compliance officer at a bank this circular applies to (Central Bank of India, Banks operating in Pakyong district, Sikkim, Lead banks of other Sikkim districts), your first concrete step on “Lead Bank for Sikkim's New Pakyong District Assigned to Central Bank of India” is: “Update internal records to reflect Central Bank of India as lead bank for Pakyong district.” (RBI issued this 13 Jan 2023).

  1. Circular: RBI/2022-23/165 -- Lead Bank for Sikkim's New Pakyong District Assigned to Central Bank of India
  2. Issued: 13 Jan 2023
  3. Action required: Update internal records to reflect Central Bank of India as lead bank for Pakyong district.
  4. Action required: Use district working code 01U for all BSR submissions related to Pakyong.
  5. Action required: Coordinate with Central Bank of India for district credit plans and financial inclusion initiatives.
  6. Owner: ____________ Target date: ____________
  7. Board/committee approval needed? Y / N
  8. 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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BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12438&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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