What changed
RBI assigned lead bank responsibility for Soreng district (created from West Sikkim) to State Bank of India. A new district working code (01V) has been allotted for BSR reporting. No changes were made to lead banks of other districts in Sikkim.
What it means for you
SBI must now coordinate banking development and government schemes in Soreng district. Other banks operating in Soreng will report under the new district code for BSR submissions. This ensures structured financial inclusion and credit planning in the new district.
What you must do
- Update internal systems with new district code 01V for Soreng in BSR reporting.
- Align branch-level credit plans and financial inclusion targets for Soreng district.
- Coordinate with SBI (lead bank) for district-level banking committee meetings and scheme implementation.
Who it affects
State Bank of India (lead bank for Soreng), All banks with branches in Soreng district, Banks reporting BSR data for Sikkim
What is the new district working code for Soreng?
The code is 01V, as assigned by RBI for BSR reporting purposes.
Does this change affect lead banks for other Sikkim districts?
No, lead banks for all other districts in Sikkim remain unchanged.
When was Soreng district officially formed?
The Government of Sikkim notified its formation on December 20, 2021.