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Union Bank of India gets Lead Bank role for new Mauganj district

Current · Source: Reserve Bank of India · RBI/2023-24/89 · issued 18 Dec 2023 · ~1 min read
Quick answerRBI has assigned Union Bank of India as the Lead Bank for the newly formed Mauganj district in Madhya Pradesh, effective from the state's August 2023 gazette notification. No other district lead banks in the state are changed.
The rule, in the simplest words
How it plays out — a real example

A branch operations officer in Mauganj, Priya, gets a call from her regional manager: 'Update all our branch records with the new working code 02N for Mauganj district.' She also receives an email from Union Bank of India, the new lead bank, inviting her to a district-level meeting to coordinate financial inclusion plans for local farmers and small businesses.

What changed

The Government of Madhya Pradesh created a new district called Mauganj in August 2023. RBI has now designated Union Bank of India as the Lead Bank for this district, assigning it the working code '02N'.

What it means for you

Union Bank of India will now coordinate banking development and financial inclusion efforts in Mauganj district. Other banks operating in the district will need to align with Union Bank's lead bank plans. This is a routine administrative update that does not affect lead bank arrangements elsewhere in Madhya Pradesh.

What you must do

Who it affects

Union Bank of India (new Lead Bank for Mauganj), All banks with branches in Mauganj district, Madhya Pradesh, RBI's Financial Inclusion and Development Department (FIDD)

❓ Common questions

What is the new district working code for Mauganj?

The working code assigned to Mauganj district is '02N', which should be read as numeral zero, numeral two, alphabet N.

Does this change affect lead banks for other districts in Madhya Pradesh?

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

📜 Read the original circular — full text as issued by RBI
RBI/2023-24/89 FIDD.CO.LBS.BC. No.12/02.08.001/2023-24 December 18, 2023 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new district Mauganj in the State of Madhya Pradesh – Assignment of Lead Bank Responsibility The Government of Madhya Pradesh has notified formation of a new district, viz., Mauganj in the state of Madhya Pradesh vide Gazette Notification No. F-Rev-6-0006-2023-VII-Sec-7 dated August 13, 2023. Accordingly, it has been decided to designate the Lead Bank of the new district as below: Sr No
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2023-24/89 · issued 18 Dec 2023. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
🏦 Branch Manager
  • All banks with branches in Mauganj should update their internal records with the new district working code '02N'.
📜 Compliance
  • If you are Union Bank of India, prepare to take on lead bank responsibilities for Mauganj district, including convening district-level review meetings.
  • Review any existing lead bank-related reporting or coordination to ensure Mauganj is now treated as a separate district.
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 (Union Bank of India (new Lead Bank for Mauganj), All banks with branches in Mauganj district, Madhya Pradesh, RBI's Financial Inclusion and Development Department (FIDD)), your first concrete step on “Union Bank of India gets Lead Bank role for new Mauganj district” is: “If you are Union Bank of India, prepare to take on lead bank responsibilities for Mauganj district, including convening district-level review meetings.” (RBI issued this 18 Dec 2023).

  1. Circular: RBI/2023-24/89 -- Union Bank of India gets Lead Bank role for new Mauganj district
  2. Issued: 18 Dec 2023
  3. Action required: If you are Union Bank of India, prepare to take on lead bank responsibilities for Mauganj district, including convening district-level review meetings.
  4. Action required: All banks with branches in Mauganj should update their internal records with the new district working code '02N'.
  5. Action required: Review any existing lead bank-related reporting or coordination to ensure Mauganj is now treated as a separate district.
  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=12571&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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