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
- 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.
- Ensure branch staff in these districts are aware of the new Lead Bank for reporting and collaboration.
Who it affects
Lead banks in Madhya Pradesh, Banks with branches in Pandhurna and Maihar districts, State-level bankers' committee members
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.