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Lead Bank Assignment for New MP Districts

Current · Source: Reserve Bank of India · RBI/2023-24/116 · issued 19 Jan 2024 · ~1 min read
Quick answerRBI assigns Central Bank of India as Lead Bank for Pandhurna and Indian Bank for Maihar, two new districts in Madhya Pradesh, effective from January 19, 2024.
The rule, in the simplest words
How it plays out — a real example

A payments & clearing officer in Pandhurna, after hearing this rule, updates her branch's records to show Central Bank of India as the lead bank. She then calls the lead bank's district coordinator to set up the next monthly meeting for all banks in Pandhurna, ensuring they all follow the same credit plan for local farmers and small businesses.

What changed

The Government of Madhya Pradesh created two new districts: Pandhurna and Maihar. RBI has now assigned Lead Bank responsibilities: Central Bank of India for Pandhurna (district code 02O) and Indian Bank for Maihar (district code 02P). No other district's Lead Bank in the state is affected.

What it means for you

Banks with operations in these new districts must align with the designated Lead Bank for coordination of government schemes, credit planning, and financial inclusion efforts. The Lead Bank will drive district-level banking committees and priority sector lending targets. Other banks in the state can continue existing arrangements unchanged.

What you must do

Who it affects

Lead banks in Madhya Pradesh, Banks with branches in Pandhurna and Maihar districts, State-level bankers' committee members

❓ Common questions

Regulatory timeline

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

What are the new district codes for Pandhurna and Maihar?

Pandhurna has been assigned district working code 02O (read as numeral zero, two, alphabet O), and Maihar has code 02P (read as numeral zero, two, alphabet P).

Does this change affect Lead Banks for other districts in Madhya Pradesh?

No, the RBI circular explicitly states there is no change in Lead Banks for other districts in the state.

📜 Read the original circular — full text as issued by RBI
RBI/2023-24/116 FIDD.CO.LBS.BC.No.14/02.08.001/2023-24 January 19, 2024 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new districts in the State of Madhya Pradesh – Assignment of Lead Bank Responsibility The Government of Madhya Pradesh has notified formation of two new districts, viz., Pandhurna vide Gazette Notification No. F-Rev-6-0029-2023-VII-Sec-7 dated October 5, 2023 and Maihar vide Gazette Notification No. F-Rev-6-0030-2023-VII-Sec-7 dated October 05, 2023. Accordingly, it has been decided to designate the Lead Banks of the new districts as below: Sr No
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2023-24/116 · issued 19 Jan 2024. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
🏦 Branch Manager
  • Ensure branch staff in these districts are aware of the new Lead Bank for reporting and collaboration.
📜 Compliance
  • Update internal records to reflect Central Bank of India as Lead Bank for Pandhurna and Indian Bank for Maihar.
  • Coordinate with the respective Lead Bank for district-level banking plans and data submissions.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are a Compliance officer at a bank this circular applies to (Lead banks in Madhya Pradesh, Banks with branches in Pandhurna and Maihar districts, State-level bankers' committee members), your first concrete step on “Lead Bank Assignment for New MP Districts” is: “Update internal records to reflect Central Bank of India as Lead Bank for Pandhurna and Indian Bank for Maihar.” (RBI issued this 19 Jan 2024).

  1. Circular: RBI/2023-24/116 -- Lead Bank Assignment for New MP Districts
  2. Issued: 19 Jan 2024
  3. Action required: Update internal records to reflect Central Bank of India as Lead Bank for Pandhurna and Indian Bank for Maihar.
  4. Action required: Coordinate with the respective Lead Bank for district-level banking plans and data submissions.
  5. Action required: Ensure branch staff in these districts are aware of the new Lead Bank for reporting and collaboration.
  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=12602&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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